THE department of petroleum resources has highlighted some of the challenges encountered by operators in achieving Health, Safety and Environmental, HSE, compliance in deepwater facility development projects.
Adding that the Nigerian petroleum regulations and status has provided that adequacy of safety provision be achieved from concept selection stage through operations to decommissioning.

The pronouncement by the Federal Government on removal of eight agencies from the ports to facilitate trade in line with global trend is generating ripples in the maritime industry. While government said the initiative was necessary to curtail revenue leakages and curb corruption in the system, others believed three of the affected agencies have statutory duties to discharge in the ports.

The executive vice-chairman of the Nigerian Communication Commission (NCC), Dr. Eugene Juwah, has reassured the local and international investors in the telecom sector of the safety of their investments, saying that there is a lot focus now by the government to tackle the security challenges in Nigeria.

Representing a section of Aluminium Manufactureres Association of Nigeria, Anayo Okoye, an Asaba based Flight Aluminum manufacturer has also condemned the planned removal of petroleum subsidy citing the cartel in the oil sector as the major problem of the country in the supply and distribution of petroleum products. “The problem is the cartel in the oil business that takes the product outside the country which government subsidizes.”

Lagos- Guaranty Trust Bank (GTB) Plc on Thursday appointed Mrs Cathy Echeozo as its new deputy managing director.

Minister of Trade and Investment, Mr. Olusegun Aganga, has said that the Federal Government has set aside N15 billion in the Bank of Industry to be given as loan for the development of small medium enterprises in the country.

The Financial sector instability in Europe and the US is very likely to be transmitted into the Nigerian financial and capital markets, according to a report published by Resource and Trust Company, RTC, Limited.

THE Governor of Jigawa State, Sule Lamido, said his government is investing heavily in agriculture because over 90 per cent of the stat’ s population are involved in it.

AS Nigerians weekend joined the rest of the world in celebrating the World Food Day, Governor Babatunde Fashola of Lagos State has called on Nigerians to engage in farming by setting aside a portion of land in their houses to practice small scale farming.

FARMERS in Zamfara who benefitted from fertiliser/agriculture inputs loan are owing the government N5.5 billiion, says Sen. Saidu Dansadau, the Chairman, Debt Verification Committee.