$1trn economy: NACCIMA woos Chinese investors to boost industrialisation
By Yinka Kolawole The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the third edition of its Business and Investment Forum in Guangzhou, China, as part of efforts to attract sustainable foreign direct investment (FDI) and support the Federal Government’s ambition of building a $1 trillion economy by 2030. The forum, […]
Bonga oil spill: Presidency approves $5bn fine against Shell
The Federal Government has given approval for the collection of a $5billion worth administrative fine imposed on the Shell Nigeria Exploration and Production Company, SNEPCo, for the December 20, 2011, oil spill from its deepwater facility, Bonga, despite threats by the company to resist it.
No severance pay for TCN staff – Nnaji
Minister of Power, Prof. Bart Nnaji, said at the weekend that workers of the Transmission Company, TCN, should not expect severance pay because the transmission network is not being privatised.
FG to build $4bn coal power plant in Benue
The Federal Government is set to build a coal power plant worth $4billion in Benue State, the Chairman of Pacific Energy, Mr Adedeji Adeleke, has said.
Ogoni oil spill: Jonathan sets up restoration project
President Goodluck Jonathan on Friday, approved the setting up of a Hydro-Carbon Pollution Restoration Project, HYPREP, a step taken in furtherance of the Federal government’s commitment to implement the United Nations Environment Programme, UNEP Assessment Report on the spill disaster in Ogoni land.
NNPC refutes dilapidation of Atlas Cove
The management of the Nigerian National Petroleum Corporation, NNPC, has refuted reports of the growing dilapidation of the Atlas Cove Jetty, the biggest petroleum products storage facility in the country.
