Port workers are set to embark on nationwide protests on Tuesday over their disagreement with some sections of the Ports and Harbour Bill, which they observed could lead to massive job losses.

Experts have warned that threat to global oil production could affect oil supply and cause oil prices to skyrocket.

Minister of Mines and Steel Development, Dr. Kayode Fayemi

The Ministry of Mines and Steel Development says it aims to contribute 27 billion dollars about (N9.7trillion) to the Nigeria's Gross Domestic Product (GDP) by 2025.

Nigerian Senate has mandated its Committee on Marine Transport to investigate a N3billion fraud allegation against the Nigerian Ports Authority (NPA). The allegations were raised on Wednesday in a Point of Order moved by Senator Ovie Omo-Agege, the lawmaker representing Delta Central Senatorial District.

Dr Bello Aliyu Gusau

The Executive Secretary of the Petroleum Technology Development Fund (PTDF), Dr Bello Aliyu Gusau, has disclosed that the National College for Petroleum Studies (NCPS), Kaduna would soon become operational.

Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters reported quoting oil trading sources. An increase in production in Nigeria and Libya, where conflict and unrest had curbed output earlier this year, is adding to the volume of light, sweet crude looking for buyers in the Atlantic Basin, despite an OPEC-led supply cut aimed at getting rid of a surplus.

The National Horticultural Research Institute (NIHORT), Ibadan, says it will soon make a drought-resistant tomato variety available to farmers in the country.

Nigeria’s Federal Executive Council has approved a national gas policy that aims to reduce the country’s dependence on crude oil by increasing gas exploration and facilities, the oil ministry said in a statement.

Eko Disco

The management of Eko Electricity Distribution Company (EKEDC) has announced that there would be power outage in Ikoyi, Victoria Island and its environs as the company’s injection substations and equipment are submerged in the flood.

Guinness Nigeria Plc has received the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE)’s approvals to float a rights issue of N39.70 billion.