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Report non-claims payment to CBU, NAICOM tells consumers

The National Insurance Commission (NAICOM), has advised consumers with genuine unsettled claims problems to channel their grievances through its Complaint Bureau Unit (CBU), which has been upgraded to listen to aggrieved of consumers in Nigeria. The Commissioner for Insurance, Mohammed Kari, gave the charge while responding to an allegation by Dangote Group that some insurers […]

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Onne Port: Stakeholders tasked on Presidential Order

Stakeholders at Onne Port, especially the security agencies, have been urged to promote an effective inter-agency cooperation and collaboration to ensure the total success of the Presidential Order on the Ease of Doing Business Directive at the ports. Security agents in the Port have therefore been reminded of their respective roles of ensuring the security […]

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Port operators lampoon FG over roads

  Port operators and commuters have bemoaned what they tagged the federal government lip service to end the deplorable state of infrastructure at Nigerian ports. Recently, maritime workers threatened to down tool over the gridlock on Apapa ports road caused by poor road network and excesses of trailer drivers that have turned the road to […]

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Dana Airline: FG assures on safety, security in aviation sector

Abuja Following the Tuesday incident that involved the aircraft operated by Dana Airlines at the Port Harcourt International Airport, the federal government has assured that efforts are in place to continuously enhance safety and security of the aviation sector. In a press statement issued yesterday in Abuja by the Deputy Director, Press and Public Affairs, […]

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Host communities to benefit from NPA’s CSR

Lagos Traditional rulers and Community leaders will henceforth be involved in identifying preferred projects for execution under the Corporate Social Responsibility (CSR) based projects in host communities of the Nigerian Ports Authority (NPA). The Managing Director of the Agency, Hadiza Bala Usman, who gave this directive, however reiterated that all identified projects are to be […]

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Financial crises, pipeline losses hits OML 18

San Leon’ Nigeria oil production has been significantly disrupted by financial instability, downtime and pipeline losses causing the OML 18 concession to operate below capacity. San Leon, chief executive officer, CEO, Oisin Fanning, confirmed that production levels at its onshore Nigeria concession OML18 were hit last year by a scarcity of investment capital, downtime and […]

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FG to construct 3,500 housing units in 2018 –Fashola

Abuja The Minister of Power, Works and Housing, Mr. Raji Fashola, yesterday, disclosed that the federal government has made provision for the delivery of 3500 housing units in the 2018 Budget estimates. Fashola also said that the federal government onstructed over 2700 housing units in 2017, even as he assured that more housing units eill […]

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National Museum and challenges of boosting tourism

Analysts say Nigeria’s tourism industry has the potentialto be one of the top revenue earners for the country. However, with many of the country’s museums unable to attract the much-needed people due to the state the economy, many of them have become a major challenge, TAIYE BAIYEROHI writes The National Museum, Lagos, established in 1957 […]

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Oil & Gas: 500 students to participate in NCDMB career show

Yenagoa The Nigerian Content Development and Monitoring Board (NCDMB) is set to expose about 500 students from the nine states of the Niger Delta region to participate in the inaugural career talk show on Oil and Gas development in the country. The show, opened to secondary schools in the Niger Delta region and sponsored by […]

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Nestle leads losers table as equity market gains N4bn

Lagos Nestle Nigeria Plc yesterday recorded the highest loss at the Nigerian Stock Exchange, declining by N10.00 to close at N2370.00, Mobil Oil followed with a loss of N9.00 to close at N190.00, Nigerian Breweries depreciated by N3.50 kobo to close at N124.50 kobo, Conoil Plc depreciated by N3.40 kobo to close at N32.10 kobo […]

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Dangote urges Nigeria to shelve subsidy

By David Agba Abuja President/CE, Dangote Group, Aliko Dangote, has called on Nigeria to reclaim permanently, its rightful place in the preeminent leadership position in the supply and demand of petroleum products in Africa. The foremost business mogul in Africa, said it is time for the country to effect complete deregulation of the downstream petroleum […]

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500 students to participate in NCDMB inaugural oil and Gas career show

The Nigerian Content Development and Monitoring  Board (NCDMB) is set to sponsor about Five hundred students  from the Nine States of the Niger Delta region to participate in the inaugural career talk show on oil and Gas development in the country. The show, opened to secondary schools in the Niger Delta region and sponsored by […]

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Is global demand for smartphones peaking?

As new models of smartphones emerge, new sophistications are driving global technology cycle. However, many of them are just a small upgrade of existing models. But as analysts ask, have demand for smartphones peaked. BENJAMIN UMUTEME writes It is a common knowledge that demand for smartphones is highly cyclical and related to the release of […]

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NNPC advocates closer ties among African countries on oil

The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and gas but across all sectors to leapfrog the economies in the continent. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this submission during his goodwill message today at the opening ceremony of the ongoing […]

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OPEC to partner non- members on production cut

Abuja The Secretary-General of the Organisation of Petroeum exporting Countries (OPEC), Mohammed Barkindo on Monday declared that the organisation’s decision to cooperate with non-members in cutting crude production costs was transformative. Barkindo said this in Abuja at the opening ceremony of the maiden Nigeria International Petroleum Summit (NIPS). OPEC had made a decision for member […]