All posts tagged "featured"

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  Marketers stockpile petrol over possible price increase

  Oil marketers resorted to stockpiling Premium Motor Spirit, otherwise known as petrol, as rumours of an imminent increase in the pump price of the commodity spread on Monday. Our correspondent gathered that many of the marketers doubled...

  • Posted May 11, 2016
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  Oando increases gas footprint via Ajaokuta LNG Project

  Oando Gas and Power Limited (OGP), the foremost indigenous developer and provider of gas and power solutions, and a fully-owned entity of Oando Plc, has commenced development of a mini Liquefied Natural Gas (LNG) facility through its...

  • Posted May 11, 2016
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  We’re carefully studying Labour’s demand for new minimum wage – FG

  The federal government monday said it was carefully studying demands by organised labour for a new minimum wage pegged at N56,000 for Nigerian workers. The position of the government is the first official statement in line with...

  • Posted May 11, 2016
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  Shell to continue operations, denies plan to evacuate workers

  Shell Companies in Nigeria have restated their long-term commitment to the Niger Delta, saying they would continue operations in the oil-rich region despite the spate of militant attacks in recent days. Shell has also denied evacuating its...

  • Posted May 11, 2016
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  Lagos issues N1bn pension bonds to 260 retirees

  The Lagos State Government has issued retirement benefit bond certificates for a total sum of N1.08bn to 260 retirees. A statement said the beneficiaries were from local governments, the State Universal Basic Education Board, Teachers’ Establishment and...

  • Posted May 10, 2016
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  N93bn debt: Power firms to disconnect MDAs, military

  Electricity distribution companies are poised for a showdown with their major debtors as the latter face mass disconnection of supply in the days ahead. The firms said for months, they had been groaning under severe liquidity constraints...

  • Posted May 10, 2016
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  Unsolicited SMS to attract N5m fine – NCC

  A document from the Legal and Regulatory Services Department of the Nigerian Communications Commission indicates that the NCC has barred mobile number operators from sending out unsolicited text messages to subscribers. The failure by any of the...

  • Posted May 10, 2016
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  FG, CITN move to boost tax revenue

  The Chartered Institute of Taxation of Nigeria says it will partner the Federal and state governments to evolve a sustainable solution to economic crisis affecting the country. It, however, said the crisis would require an empirical approach...

  • Posted May 10, 2016
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  Court strikes out suit by AMCON to wind up Capital Oil and Gas

  A Federal High Court in Lagos last Friday struck out a suit by the Assets Management Corporation of Nigeria (AMCON) for the winding up of Capital Oil and Gas Industries Limited.  The court, presided over by Justice...

  • Posted May 10, 2016
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  FG needs N1.7tn to complete 206 road projects – Fashola

  The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said the federal government will need as much as N1.7 trillion to complete about 206 road projects it awarded in the past. Fashola however said the...

  • Posted May 10, 2016
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