Dubai’s Emirates will suspend flights to Nigeria from next month over an inability to repatriate funds from Africa’s most populous nation, the airline said on Thursday. The decision highlights the difficulties faced by international carriers that fly to Nigeria, which is one of the biggest markets in Africa for several of them. The country has Read More…
Eko Electricity Distribution Company (EKEDC) has announced a fire incident at its injection substation in Idumagbo, Lagos Island. Mr Godwin Idemudia, General Manager, Corporate Communications EKEDC, confirmed this in a statement on Tuesday in Lagos. Idemudia said that the incident affected electricity supply to customers in Idumagbo and Ajele areas. He said the incident occurred Read More…
Nigeria’s petroleum regulator, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said on Tuesday it stood by its refusal to approve Exxon Mobil’s $1.28 billion sale of shares in its Nigerian unit to Seplat after President Muhammadu Buhari approved the transaction. NUPRC Chief Executive, Gbenga Komolafe, said under a new petroleum law passed last year, the petroleum Read More…
The improved quality of life and the welfare and well-being of pensioners are a top priority, the Lagos State government has promised. Mrs Ajibola Ponnle, Lagos State Commissioner For Establishments, Training and Pensions made the pledge at the 96th Retirement Certificates Presentation organised by the Lagos State Pension Commission (LASPEC) in Lagos. “Recently, the state government through Read More…
The Badagry Deep Seaport project in Lagos State received a boost on Wednesday when the Federal Executive Council (FEC) meeting in Abuja approved 2.59 billion dollars for its development. The Minister of Transport, Muazu Sambo made this known while addressing State House correspondents on the outcome of the council meeting with his counterparts from the Read More…
Dr. Abdulsalam E. Ogbemudia, is the Chief Executive Officer, Niyya Food and Drinks, manufacturers of the Farm Pride range of natural fruit drinks. A senior management professional with specialisation in Manufacturing Operations and Corporate Governance, Dr. Ogbemudia has been on the top saddle of the company since May 2021, seeing the company through the turbulent Read More…
Federal and state civil servants have appealed to both governments to increase workers salaries to reduce their hardships. They complained that the increase in the pump price of petrol meant they now spend an unsustainable portion of their meagre income on buying the product. A litre of fuel now sells for between N184 and N220 Read More…
Telecommunications companies have advised against the implementation of the 2022 Fiscal Policy Measures and Tariff Amendments, which demands five per cent as excise duty for services provided. They described the tax as insensitive, unfair, and capable of crippling the industry in the way and manner the oil industry has been crippled by different challenges. According Read More…
Details and the exact names of 23 oil and gas companies which operated in the Petroleum Products Subsidy Regime from 2013 to 2021 have not been found at the Corporate Affairs Commission (CAC). The firms are Emadeb Consortium; Britania-U Nig. Limtted; Totsa Total Ol Tradings SA; Petroleum Trading Nigeria Limited; Mocoh S.A; Socer Worldwide; Calson Read More…
The Lagos State Government Wharf Landing Fee Collecting Authority (LASGWLFCA) has approached the State Assembly for an upward review of the wharf landing fee collected on all imported goods into Nigeria through Lagos ports. The Chairman of the agency, Adegboyega Adebayo stated this on Tuesday when he received executives of the Importers Association of Nigeria Read More…
