Business

… Seize 7 Containers Worth over N3bn By Emma Sunday, Port Harcourt  The Nigeria Customs Services (NCS) Area 2 Command, Onne, Rivers State says it has generated a revenue of over N293 billion from January to June, 2024.  The Command said it also siezed 7 huge containers worth over N3bn …

By Godwin Chukwumaechi, Port Harcourt TotalEnergies, operator of Oil Mining Lease (OML) 58 onshore license in Nigeria has taken the Final Investment Decision (FID) for the development of the Ubeta gas field. Located about 80 km northwest of Port Harcourt in Rivers State, the OML 58 license contains two fields …

By Godwin Chukwumaechi, Port Harcourt Chief Executive officer of Port Harcourt-based Elschon Nigeria Limited, Emi Membere-Otaji, has said that the Nigerian maritime sector is now attractive to more investments due to improved security on the nation’s maritime domain. This he said was made possible by improved security on the nation’s …

By our Reporter The Bayelsa State Government has assured the Bank of Industry (BOI) of its readiness for effective partnership to drive sustainable industrial and economic development of the state. Governor Douye Diri gave the assurance while receiving a high-powered four-man team from the South-South and South-East division of the …

By Ukandi Christopher In a spectacular event, two customers of Access Bank won top prizes in the regional draws of the bank’s DiamondXtra reward scheme, which held Tuesday at Rumukurushi, Obio/Akpo Local Government Area of Rivers State. The two winners, Messrs. Victor Godfrey Silas and Fina Orijedge, who won N200, …

By Amos Okioma, (Regional Editor) The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board (NCDMB) and Nedogas Development Company Limited for initiating and successfully executing the 300 million standard cubic feet (mmscf) Kwale Gas Gathering (KGG) facility and …

By our Reporter Officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), in a bid to learn and “gain substantially from Nigeria’s experience in local content development.” Welcoming the four-member UNOC delegation at a meeting at …

By Godwin Chukwumaechi, Port Harcourt The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has said that Nigeria is no longer in the piracy hot list of the international maritime community. He made this known on Thursday at the 2024 Graduation Ceremony of the …

By Godwin Chukwumaechi, Port Harcourt An entrepreneur and real estate investor, My-Ace China has expressed enthusiasm with what he described as the commitment of the Rivers State Governor, Siminalayi Fubara, to reinvent the wheels of investment in the state. China, who is also known as Mayor of Housing, advised the …

It was an atmosphere of mixed reactions at the Onne Command of the Nigeria Customs Service in Rivers State as officers and men of the command, as well as other stakeholders and security agencies in the port complex witnessed the change of baton at the command. Our correspondent said a …