OPERATIONS of the oil and gas free zone in Onne, Rivers State, has cited security threats as a major setback in operations as well other challenges encountered in its activities of enabling logistical efficiency in the free zone

THE Nigerian Content Development and Monitoring Board, NCDMB, has ordered International Oil Companies, IOCs, operating in the country to ensure the implementation of the Nigerian Oil and Gas Industry Content, NOGIC Act, or face immense pressure from the federal government.

FOR sometime now,sanity had been restored in the nation’s aviation sector after the storm that hit it in 2005 and 2006, following the deadly crashes that claimed hundreds of lives. The accidents served as a wake-up call for managers and operators in the industry who obviously took up the gauntlet of reforming it and making safety friendly.

Oil fell, erasing earlier gains, on speculation that Greece’s referendum on a bailout agreement threatens to intensify the European debt crisis and derail the region’s economy. Futures slid as much as 1.8 per cent after leaders in Europe severed aid payments to Greece and raised the prospect of the euro area splintering if the nation votes against a rescue package agreed to last week.

THE Shell Petroleum Development Company, SPDC, said it has been supply portable water to communities affected in the Ogoni spill saga, which has occupied recent discourse on environmental pollution in the international scene.

As part of activities to mark the 10th anniversary of Women in Management and Business, WIMBIZ, Chairperson of the group, Mrs. Yewande Zaccheaus, said this year’s celebrations would centre on women, who have changed the cause of history and paved the way for the women folks to follow.

As Dana Air celebrates three years of successful flight operations on November 10, Chief Executive Officer, Jacky Hathiramani, has pledged the airline’s commitment to improved travel experience for its esteemed guests as well as expansion of its route network.

THE Chairman, Senate Committee on Power and Steel Development, Senator Philip Tanimu Aduda, has ordered the Minister of Mines and Steel, Musa Sada, to as a matter of urgency dissolve the Interim Management Committee of Ajaokuta Steel Company for their roles in the sale of equipment of the steel company.

French energy giant Total announced Monday that it has found oil in an exploration zone off Nigeria’s restive Niger Delta, opening the possibility of a new production hub.

A survey of trends in African businesses in October has shown a mixed bag. Private sector business confidence index for the African continent showed that the manufacturing sector was contracting while the non-manufacturing sector was expanding.