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Senate probes Niger Delta oil theft
Oil and Gas

Senate probes Niger Delta oil theft

The Senate Adhoc Committee commenced an investigation into oil theft and illegal bunkering activities in the Niger Delta region. According to The PUNCH, this was disclosed by the Chairman of the Committee, Bassey Akpan while answering questions from journalists on arrival at the Port Harcourt International Airport. Akpan revealed that the theft of crude oil […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Oil and Gas

Oil production: Angola, Libya overtake Nigeria, says OPEC

The Organisation of Petroleum Exporting Countries has disclosed that Angola and Libya have overtaken Nigeria after oil production in the West African country plunged to 972,000 barrels per day in August 2022. This was disclosed by the OPEC in its September 2022 report which also confirms the figures released recently by the Nigeria Upstream Petroleum […]

FBN Insurance targets 1m customers in one year
Banking

Tax evasion: Kogi govt seals First Bank branches

Kogi State Government has sealed all branches of First Bank Nigeria PLC operating in the state following an order by a High Court sitting in Lokoja. The order was carried out by men of the Kogi State Internal Revenue Service following the inability of the bank to liquidate its outstanding tax liabilities of over N411.12 […]

Dangote group moves to curb illegal haulage
News

Dangote group moves to curb illegal haulage

Dangote Group has revealed plans to put an end to the activities of some of its drivers whose activities pose an immense danger to other road users. According to Leadership, the company has made several arrests of erring drivers and handed them over to relevant authorities. It would be recalled that the management of the […]

Passport issuance hits 1.059m as more Nigerians relocate
News

Passport issuance hits 1.059m as more Nigerians relocate

  Findings have revealed that the number of passports issued by the Nigeria Immigration Service rose by 38percentt between 2020 and 2021. According to the PUNCH, this is an increase from 767,164 to 1,059,607 passports issued in 2020 and 2021 respectively. According to data obtained from the NIS, the passport types ranged from standard, official, […]

US deficits projected $1trn higher over next decade
Banking

Banks reduce forex sales as scarcity persists

Findings have revealed that Banks have started to limit Personal Travel Allowance and Business Travel Allowance clearance requests to legitimate users. According to The PUNCH, legitimate users will be able to access forex only once in two quarters. Before this new development, the banks had been approving travellers who applied once every quarter. Findings revealed […]

Airport workers give FG 14 days to amend aviation bill
Aviation

Airport workers give FG 14 days to amend aviation bill

Aviation unions have given the Federal Government a 14-day ultimatum to amend the anti-labour clauses in the recently amended flight bills. According to Channels TV, the union said the clauses gave the Minister of Aviation overriding powers to direct affairs on issues affecting trade unions in the industry. The coalition is made up of the […]

Aviation

PHOTOS: Aviation workers protest in Kano, Lagos

Aviation workers in Kano and Lagos State suspended their operations on Monday to protest following a dispute between the Federal Airports Authority of Nigeria and the Nigerian Airspace Management Agency. The PUNCH reported that aviation workers under the banners of the National Union of Air Transport Employees; Air Transport Services Senior Staff Association of Nigeria; […]

Queen's funeral to affect UK economy after rebound
Economy

Queen’s funeral to affect UK economy after rebound

The UK’s recession-threatened economy rebounded in July, data showed Monday, but is set to receive a further hit from a public holiday marking next week’s funeral of Queen Elizabeth II. British gross domestic product expanded 0.2 percent after a drop of 0.6 percent in June, the Office for National Statistics said in a statement. June’s […]

  • enitan
  • 12th September 2022
  • 1 Comment
  • 330 Views
Oil Theft: Nigeria loses $150m every two days
Oil and Gas

Nigeria lost N604.64bn to oil theft in eight months – FG

The Nigeria Upstream and Downstream Petroleum Regulatory Commission’s monthly report has revealed that the nation lost about 13.21 million barrels of crude oil with an estimated worth of N603.64bn between January and August this year to theft. According to The PUNCH, figures contained in the reports, obtained from the Nigeria Upstream and Downstream Petroleum Regulatory […]

Dangote group moves to curb illegal haulage
News

Dangote driver jailed over unauthorised haulage

Dangote Group said one of its drivers was arrested, arraigned and jailed in Nassarawa State Correctional Centre over illegal haulage of timber. According to the Punch, this was disclosed in a statement by the Group Chief Branding and Communications Officer, Mr Anthony Chiejina. The driver and the truck, according to the statement were arrested in […]

Two arrested as Edo police bust illegal refinery
Oil and Gas

Two arrested as Edo police bust illegal refinery

No fewer than two suspects have been arrested as operatives of the Nigeria Police Force busted an illegal petroleum refinery in Edo State. In a statement signed by the Force Public Relations Officer, CSP Olumuyiwa Adejobi, the police recovered three empty trucks and 31 tanks, seven of which were loaded with petroleum products. It read, […]

  • enitan
  • 11th September 2022
  • 1 Comment
  • 316 Views

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