By Sebastine Obasi Nigeria lost about 11.75 million barrels of oil from 2010 to 2012, due to crude oil theft, the Group Executive Director, Refining and Petrochemicals, Nigerian National Petroleum Company, NNPC, Mr. Anthony Ogbuigwe, said. Ogbuigwe disclosed this at the Petroleum Policy Roundtable, held in Lagos, last week. According to him, 2.31 million barrels […]

To ensure that electricity consumers are adequately metered in the country, two indigenous firms, MOMAS System Nigeria Ltd, and MOJEC International, have thrown their weight behind the Credited Advance Payment Implementation, CAPMI Scheme, in collaboration with the Eko Electricity Distribution Company.

By nature, the capital market is highly risky. And that is why some people call it a gambling exercise, but I am telling you that every investment, be it in the capital market, in housing, construction and others are kinds of gamble.

The Deputy British High commissioner for Nigeria, Peter Carter, has identified science and innovation as key elements for Nigeria’s economic growth.

Chevron Nigeria Limited, CNL, said it is sponsoring qualified young graduates to a training course on Remotely Operated Vehicle, ROV, overseas, as part of its efforts to assist Nigerians acquire necessary manpower in the deep water sector of the oil and gas industry.

The Nigeria LNG Limited, NLNG, the nation’s foremost liquefied natural gas, producer, may have lost about $525 million as a result of the ongoing dispute with the Nigerian Maritime Administration and Safety Agency, NIMASA, over levy.

IPWA Plc, HIS Plc, Forte Oil Plc, MRS Oil Nigeria Plc, PZ Cusson Nig Plc, and UTC Nig Plc were among the stocks that garnered enough investors’ patronage last week to make it to the top ten gainers chart. Others are Champion Breweries Plc, Julius Berger Plc, 7-Up Bottling Company and ABC Transport Plc.

One of the most powerful channels of investment is cooperative societies. Many people have heard about them, but only few understand them and the immense opportunities they offer. As a result, only a fraction of the society are tapping into and enjoying these opportunities. Even the government is yet to realise how powerful cooperative societies can be, especially in eradicating poverty and improving welfare of the citizens. Fully exploited, cooperatives can enhance job creation and national productivity.

The United States of America Coast Guard has indicted the Nigerian government over the confusion at the nation’s ports, as to who has the authority to implement the International Ship and Port Facility Security (ISPS) Code in the country among the various government agencies.

The Senate President, David Mark, has warned international oil companies (IOCs) operating in Nigeria to desist from threatening to park out of the country at the slightest provocation. Mark issued the warning while declaring open a two-day public hearing on the Petroleum Industry Bill (PIB) organised by the Senate joint Committee on Petroleum (Upstream and […]

*Steel sector needs right policies to grow…
E meka Ugwu-Oju is the Deputy Chairman, Nigerian Association of Cold Rolled Steel Manufacturers, in this interview, he regretted that past government policies have aided in crippling the steel sector in Nigeria. He said that the Federal Government must as a matter of importance support the growth of indigenous industries, noting that the country should emulate the various developmental efforts that made China an economic power among other issues. The Excerpt:

ECOWAS leaders are to meet in Dakar, Senegal in October in an extraordinary session to decide on three issues critical to the financial health of the region – the Common External Tariff (CET), the Community Levy and the lingering Economic Partnership Agreement (EPA) negotiations with the European Union (EU).

Cash flow forecast has been identified as a critical tool for the planning, monitoring and evaluation of activities of Micro, Small and Medium Enterprises, MSMEs.

The present administration has come up with the Agricultural Transformation Agenda (ATA) in a bid to earn foreign exchange from agriculture and make the nation self-sufficient in food production. But, with the continual drift of the young population of young Nigerians moving away from the rural areas to the urban in search of white collar jobs and away from the drudgery of manual farm labour, self sufficiency in food production is becoming a herculean task.

The Financial Reporting Council (FRC) has emphasized the need for Not-for-profit organisations to comply with the new financial reporting regime, given them till the end of the year to comply to register with the Council.