Business

The Rivers State House of Assembly on Monday approved Governor Nyesom Wike’s N18bn loan request meant for developmental projects in the state. The approval was granted after the Speaker of the house, Ikunyi Ibani, read the governor’s request during plenary. Wike, in the letter, said the loan would be serviced …

The Petroleum Tankers Drivers, a branch of the Nigeria Union of Petroleum and Natural Gas Workers, has said its planned strike will begin today (Monday) because it has not reached an agreement with the Lagos State Government. The National Chairman of the PTD, Mr Salimonu Oladiti, said this in an …

NIGERIANS, weekend, engaged in panic buying of fuel, as Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday ordered full compliance as members of the Petroleum Tanker Drivers, PTD, in Lagos zone, today down tools to begin an indefinite strike in Lagos area and its environs to protest take-over …

NIGERIA spends between $1.3 billion to $1.5 billion annually on importation of milk and other dairy products, it was learnt on Sunday. To address the trend, which has caused continued capital flight, the Kano State Agro Pastoral Development Project is investing heavily in local milk production and processing to fast-track …

In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released by the corporation have shown. The corporation said on Wednesday that its total revenue generated from the sales of white products for the period May 2019 to May 2020 stood …

OIL climbed to a five-month high in London, topping $45 a barrel after United States (U.S.) industry data showed a decline in the nation’s stockpiles. Brent for October settlement rose to $45.45 a barrel while West Texas Intermediate (WTI) for September delivery rose $1.02 to $42.72 a barrel Brent futures …

THE Niger Delta Development Commission, NDDC, on Tuesday, said it stood by the list of prominent Niger Delta leaders released by the Minister of Niger Delta, Senator Godswill Akpabio, as contractors in the Commission, saying what the Minister released was only a tip of the iceberg. Director, Corporate Affairs, NDDC, …

The Niger Delta Development Commission has invited the President, Major General Muhammadu Buhari (retd.) to inaugurate a 29-kilometre Ogbia-Nembe Road in Bayelsa State. The commission, in a statement on Tuesday, titled ‘NDDC Invites President Buhari To Commission Signature Project’, said the project, which cuts across 14 other communities, costs N24 …

President Muhammadu Buhari has ordered the payment of fees and stipends of stranded scholarship students of the Niger Delta Development Commission (NDDC) studying abroad. A statement signed by the NDDC Director, Corporate Affairs, Charles Odili, said Buhari conveyed the directive to the Minister of Niger Delta Affairs, Senator Godswill Akpabio, …

Imo State has vowed to recover money missing from the State Oil Producing Areas Commission (ISOPADEC). This followed the report of a forensic audit ordered by Governor Hope Uzodimma. Commissioner for Information and Strategy Declan Emelumba said everyone indicted by the report would be held accountable. The audit showed that N12.3 …