The Independent Petroleum Marketers Association of Nigeria (IPMAN) has distanced itself from one Mr. Lawson Ngoa who is parading himself as interim management secretary of the Association. It also dismissed his claims that the Association is responsible for the ongoing petrol crises across the country. The IPMAN said that Ngoa is neither a member of the body but rather an agent of the Ministry of Petroleum Resources who was engaged to mediate in the crises of the Association. National Operations Controller of IPMAN, Mr. Mike Osatuyi in a statement made available to the press said that while the Association appreciated…
Author: Pride Team
Nigeria LNG Limited (NLNG) has commissioned a $2 million NLNG Centre for Gas, Refining and Petrochemical Engineering of the University of Port Harcourt. The project is part of the company’s $12 million University Support Programme. The centre is the third of six world class science/engineering laboratories to be commissioned by the company. In November 2015 and March 2016, NLNG commissioned the Ahmadu Bello University Multi-user Engineering Laboratory and the University of Ibadan Engineering Complex respectively. The University of Port Harcourt laboratory features the first modular petrochemical refinery in a Nigerian university. The USP scheme was launched in 2014 to help…
The Nigerian Stock Exchange in partnership with the London Stock Exchange Group (LSEG) will host its 2nd NSE/LSEG Dual Listings Conference in Nigeria. The Conference themed ‘Leveraging Cross-Border Capital Markets for Sustainable Growth’ is primarily targeted at companies keen to explore a London/Lagos dual listing. Other attendees will include corporate finance experts, lawyers, capital market operators, and regulators who are key stakeholders in the capital market. This conference is in furtherance to the agreement signed in November 2014 between the NSE and LSEG to strengthen cooperation and jointly promote mutual development between the two exchanges. The first Conference was held…
In support of development of Nigeria’s oil and gas sector, the management of Snake Island Integrated Free Zone (SIIFZ) has made investment in excess of $500 million. The investment was intended to develop a unique, fully integrated oil and gas facility on the Island. The SIIFZ is the first privately owned, funded and operated Free Zone in the country boosting of critical oil and gas services which include, Turnkey solutions, fabrication, ship repair and maintenance, supply, logistics and warehousing. Others include aviation and marine services and industrial training for the oil and gas sector. Speaking when he received the Comptroller…
The Nigeria Internet Registration Association (NiRA) recently held a gala and web awards night organised to recognise all those using the .ng domain names. The event had two sets of awards; the first was the .ng web awards while the other was the Presidential awards. The .ng web awards recognised companies and institutions that have effectively used the .ng domain over the years and have indirectly helped to promote the Nigerian brand online. The other set of awards were given by the NiRA President to organisations and individuals that have been committed to the development of the ICT industry in…
Former governor of Bayelsa State, Chief Timipre Sylva, has cautioned the incumbent governor, Hon. Henry Seriake Dickson, to desist from his current efforts to destabilise the All Progressives Congress (APC) in the state through the circulation of falsehood and sponsorship of disaffection in the party. In a statement issued Tuesday in Yenagoa by his media adviser, Doifie Buokoribo, Sylva accused Dickson of using some “discredited and suspended” officials of APC in the state as moles to try to cause internal disaffection and blackmail the party and its leaders. Sylva warned that Dickson’s devilish conspiracy against APC will always be exposed…
The corruption trial of Nigeria’s embattled Senate President, Bukola Saraki, is finally underway in Abuja after he lost another effort to have it adjourned and the drama prolonged. The corruption trial of Nigeria’s embattled Senate President, Bukola Saraki, is finally underway in Abuja after he lost another effort to have it adjourned and the drama prolonged. Lawyers to Mr. Saraki, led by Paul Usoro, arrived at the Code of Conduct Tribunal (CCT) armed with a motion for adjournment, claiming they had again filed an appeal to stop the trial, a game they have played for many months. Federal prosecutor Rotimi…
Senate President, Dr. Abubakar Bukola Saraki on Monday said he has fully complied with the provisions of the law on declaration of assets by public officers. In a reaction to the claim contained in the Panama-based offshore provider, Mossack Fonseca and shared by the International Consortium of Investigation Journalists (ICIJ) that he failed to declare assets belonging to his wife, Mrs. Toyin Saraki, in secret offshore territories, Saraki said he has in his different asset declarations included properties owned individually by himself and his wife. The property in question forms part of Dr. Saraki’s wife’s family asset. It is public…
The President of the Abuja Chambers of Commerce and Industry, ACCI, Mr. Tony Ejinkeonye has revealed that Micro Small and Medium Enterprises, MSMEs, have recorded losses of N30bn in the last one month owing to the lingering fuel scarcity. According to Ejinkeonye, the continuous fuel scarcity is gradually grounding commercial activities to a halt. Ejinkeonye said, “Businesses, especially MSMEs have lost over N30 billion as a result of inadequate supply of petroleum products. Productivity is low as employees have stayed off work since the hike of fares by providers and when they come, they are always late. Businesses and the…
The All Progressives Congress (APC) in Bayelsa State yesterday insisted that the suspension on its governorship candidate, Timiprey Sylva and four others subsists even as the National Vice Chairman South-south insists that the suspension is null and void. In a statement the state chapter said that the purported denouncement of the suspension of Timipre Sylva and 4 others by the National Working Committee of APC is false and should be disregarded. The statement reads, “Our attention has been drawn to a story making the rounds that the National Working Committee (NWC) of our party, the APC has declared the suspension…