The Ministry of Petroleum Resources said that the memo from the office of the Minister of State for Petroleum Resources to President Muhammadu Buhari is a normal procedural correspondence relating to developments in parastatals under his supervision.
36 Nigerian SMEs To Exhibit Products At International Fair In China
Nigeria’s Consul-General in Guangzhou, China, Mr Wale Oloko, said on Tuesday that no fewer than 36 Nigerian Small and Medium Enterprises would be participating in the forthcoming China International Small and Medium Enterprise Fair, according to the News Agency of Nigeria, NAN.
‘Wrongful Termination’: MTN Appeals N4.8bn Awarded To Former Employee
MTN, telecommunication giant, says it has approached a higher court to set aside a judgment by National Industrial Court against it.
Blackout Looms As Electricity Workers Protest Poor Working Conditions
Electricity workers at the Jebba Hydro Power Plant in Niger State under the aegis of the National Union of Electricity Employees (NUEE) are at logger heads with the management of Mainstream Energy over alleged sack and victimisation of workers. The union members held a protest in front of the power plant to demand the unionisation of their workers and recall of sacked workers.
Oil Price Edges Higher Amidst Concern Over Kurdish Referendum
Oil prices closed up on Friday after a rally in prices on geopolitical instability in Iraqi Kurdistan helped Brent make its strongest third-quarter price performance since 2004.
Consumers To Pay N450,000 Fine For Meter Bypass – NERC
Electricity consumers who bypass their meters will be forced to pay up to N450,000 as fine, the Nigerian Electricity Regulatory Commission has declared.
Sesame Seeds, Cashew Nut, Others Boost Nigeria’s Agric Export
Three agricultural products- soya beans, cashew nut and sesame seeds are turning big export earners for Nigeria, as economic policymakers attempt to wean the country away from crude oil.
CBN Stops Charges On Bulk Transfers
Commercial banks can no longer take Short Message Service (SMS) charges on bulk bank transfers done through the Real Time Gross Settlement (RTGS).
Nigerian Stock Exchange Sustains Bullish Run
The Nigerian Stock Exchange has sustained its growth for the second day this week. The exchange which began in the week on the negative rose by 0.93 per cent on Thursday. Market capitalisation opened at 12,101trillion Naira closed at the end of Thursday’s trading at 12,213 trillion Naira, gaining ‘0.93 per cent’.
Stakeholders Raise Alarm Over Imminent Collapse Of Nigeria’s Auto Industry
Four years after its introduction, stakeholders have criticised the National Automotive Industry Development Plan (NAIDP) of the Federal Government.
Expert Say Nigeria Can Generate 4m Jobs Anually Through AGOA
Nigeria can generate four million jobs annually taking advantage of the Africa Growth and Opportunity Act (AGOA) to invest on Micro Small and Micro Enterprises (MSMEs).