Business

By Amos Okioma, Yenagoa The National Oil Spills Detection and Response Agency (NOSDRA) says it has commenced investigations into the possible cause of an explosion at Nembe Creek Oilfields within OML 29 operated by Aiteo Eastern Exploration. An explosion from an oil well within the oil block on March 1, …

The Nigerian Ports Authority (NPA) Onne Port Complex in Rivers State commences the demolition of illegal structures at Federal Ocean Terminal (FOT) along the Port access roads and the junction, Onne Rivers State. The action was done in collaboration with the Federal Highway Unit of the Federal Ministry of Power, …

  By David Owei, Yenagoa   Bayelsa State Government on Thursday posted a total of N13.6 billion as its annual Internally Generated Revenue (IGR) for last year, as against the N4.5bn realized in 2012. The state deputy governor, Rear Admiral Gboribiogha John Jonah (Retd) disclosed this in Government House, Yenagoa …

  By Joel Anekwe   Value Chain Traders Organisation of Nigeria (VACTON), an umbrella body for manufacturers, importers, exporters, traders and other related organisations, has been inaugurated with the aim of trade facilitation and elimination of business malpractices. Speaking to journalists in Port Harcourt, on the emergence of the organisation, …

  By Amos Odeh (Yenagoa)   KEFFES Rural Development Foundation (RDF) over the weekend inaugurated some 20 projects in eight communities hosting the operations of Chevron Nigeria Limited in Bayelsa State. 20 projects were reportedly implemented at a total cost of N241.43 million over the last two years. KEFFES, is …

  By Paul Williams   With a dedicated container terminal and state of the art facilities, Onne Port in South-South Nigeria has been described as the hub for oil and gas logistics in the West African sub-region. Manager of Onne Port, Alhaji Alhassan Ismaila Abubakar, during an interaction with maritime …

The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) has elected a new president to steer its affairs. He is Chief Nabil Ahmed.Saleh. The new helmsman takes over from the immediate past president, Dr Emi Membere-Otaji. Saleh who was until his election the first deputy president of PHCCIMA …

The Port Harcourt Chamber of Commerce (PHCCIMA), in collaboration with the Presidential Amnesty Programme (PAP), has held an entrepreneurial fair to engage 50 Niger Delta youths trained by the Amnesty office in various vocational skills. The programme coordinator and special adviser to the President on PAP, Professor Charles Quaker Dokubo, …

The Nigerian Bottling Company (NBC) Limited, Nigeria’s leading beverage manufacturer, says it has invested over $1 billion in the country since 2014, and plans to invest as much as €600 million between 2019 and 2023. NBC’s Legal, Public Affairs and Communications Director, Mrs. Sade Morgan, made this known at a …

The Department of Petroleum Resources (DPR) has organized its 2018 annual meeting with major stakeholders in the oil and gas sector, particularly rig owners and operators in the Eastern Zone, with the aim of fashioning out a way of moving the industry forward. The meeting which was held in Port …