Business

NUPRC seeks fresh capital, offers 40 oil blocks as output rises to 1.82mbpd

NUPRC seeks fresh capital, offers 40 oil blocks as output rises to 1.82mbpd

•120 projects attract $47.6bn investment since 2024 •Nigeria accounts for 38% of Africa’s upstream investment •1.82mbpd figure includes condensate By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday announced the offer of 40 oil blocks in the 2026 licensing round, as Nigeria intensifies efforts to attract fresh capital into the upstream sector, […]
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Crisis in port : Amiwero arrested, charged and remanded at kirikiri

Crisis in port : Amiwero arrested, charged and remanded at kirikiri

THE leadership tussle in the freight forwarding industry in Nigeria has taken a turn for theworse as a front line freight forwarder and President of the National Council of Managing Directors Licensed Customs Agents (NCMDLCA) Mr Lucky Amiwero was on Sunday arrested for resisting arrest and was subsequently charged to court the following day.

Protests push Cadbury to drop palm oil from milk chocolate

Protests push Cadbury to drop palm oil from milk chocolate

Due to widespread consumer protests, Cadbury New Zealand will eliminate palm oil from its dairy milk chocolate products.The candy-maker started using palm oil earlier this year as a cost savings measure, but the move resulted in a call for a boycott by environmentalists who said that palm oil production damages rainforests, reports the newspaper.

Cement dealers count loses of demolition

Cement dealers count loses of demolition

FOR cement dealers at the popular Odun-Ade building materials market in Lagos State, it’s no business as usual as they have started feeling the impact of demolished structures by the State Government in the ongoing expansion of Orile -Badagry Expressway.

$95bn food production lost to weed annually —FAO

$95bn food production lost to weed annually —FAO

FOOD and Agricultural Organisation of the United Nation has estated that some $95 billion worth of food production at global level is lost annually to weed, compared with $85 billion for pathogens, $46 billion for insects and $2.4 billion for vertebrates (excluding humans).