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The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to preventive mechanisms against corrupt practices in its internal operations and interface with stakeholders as well as transparency in local content implementation processes. The executive secretary of the ...

Indigenous oil company Oando Plc, has said that with the support of the Nigerian National Petroleum Company Limited (NNPC) it expects a robust oil production will increase to over 100,000 barrels of oil per day and 1.3-1.4 billion cubic feet ...

The Securities and Exchange Commission (SEC) has urged banks to strengthen their corporate governance principles and risk management framework to enhance investors’ confidence in the ongoing recapitalisation exercise. The director-general of SEC, Dr. Emomotimi Agama stated this at the yearly ...

The  African Guarantee Fund (AGF) and Nigeria’s Bank of Industry (BOI) have signed a $50million Loan Portfolio Guarantee framework in a bid to provide financial and business support services to enterprises in the country. The agreement that was signed at the Africa Investment Forum ...

An electricity blackout is imminent following the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s directive to gas producers to cease supplying gas to indebted generation companies (GenCos). The Authority stated that the substantial debts owed to producers had hindered their ...

The value of the naira appreciated by nearly N100 and over five per cent in the course of the just ended week as speculators are wary of which way the value of the currency will go in the wake of ...

Twenty two years after the commencement of the Port Harcourt Regional Office, the Nigeria Civil Aviation Authority (NCAA), staff have expressed happiness as the abandoned office accommodation has been completed and commissioned. The regional office building abandoned for over two ...

The Cross River State chapter of the Magistrates Association of Nigeria (MAN) has directed its members to commence indefinite strike effective from Monday, December 9, 2024 over the failure of the state government to heed its demands. The declaration was ...

The Federal Ministry of Health and Social Welfare has confirmed that there was no evidence of the newly detected COVID-19 variant XEC in Nigeria. The ministry, in a statement signed by its deputy director, Information and Public Relations, Mr. Alaba ...

The National Pension Commission (PenCom) has announced the release of N44 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 budget appropriated for the payment of retirees from public service for the ...