Business

… PHEDC Regrets Impact on Economy, N16.6bn Debt By Amos Okioma, Yenagoa Bayelsa State government on Wednesday evening resolved the rift between Ijaw Youths Council (IYC) and Port Harcourt Electricity Distribution Company (PHEDC) which led to power cut since December 23, 2019. Mr Kenedy Olorogun, chairman, Central Zone of the …

By Amos Odeh, Yenagoa The Nigerian Institution of Mechanical Engineers has held its investiture ceremony and inauguration of the Bayelsa State branch, as well as advised government to invest hugely in the power sector to grow the economy and attract investors. National chairman of Nigerian Institution of Mechanical Engineers, Engr. …

Armed sea robbers’ attack on vessels in the Gulf of Guinea, particularly at the coasts of Bonny, Brass and Yenagoa, have continued to top challenges confronting maritime trade in the Eastern ports of Nigeria. This was made known Monday as the House of Representatives committee on Ports and Harbours, led …

The Nigerian Association of Air Freight Forwarders and Consolidated (NAFFAC) Thursday inaugurated its Port Harcourt Airport chapter, while urging its members to abstain from practices that can tarnish the name of the country, themselves and that of the association. NAFFAC’s President General, Dr. Adeyinka Bakare, who inaugurated the new chapter …

… African Countries Seeking of Nigeria’s Local Content Template ~ Sylva By Amos Odeh, Yenagoa The Federal Government has expressed concern over the rising cost per barrel of crude oil produced in the country, describing it as an anomaly that erodes our net revenue from crude oil sales, and depletes …

The Onne Command of the Nigeria Customs Service (NCS) has intensified efforts at ensuring that goods cleared at the port undergo proper documentation procedures. This is in tandem with the warning given by the Area Controller, Galadimma Saidu, to officers and men of the command as he assumed duty months …

By Young Erhiurhoro, Warri The Urhobo Economic & Investment Group (UEIG), a business development platform, have ended its second business summit with a call on the Delta State government to create an enabling environment for investors and entrepreneurs to establish their businesses in the state. The event which was organized …

Indigenous oil and gas firm, Aiteo Eastern Exploration and Development Company of Nigeria Limited (Aiteo), has again raised concerns on the recent spate of sustained attacks on the key national oil infrastructure in its asset base, the Nembe Creek Trunk Line (NCTL). In a release by Ndiana Matthew, the company …

By Joel Anekwe  The Nigeria Liquefied Natural Gas Limited (NLNG) has said that with its delivery of Domestic Liquefied Petroleum Gas (DLPG) to Stockgap terminal in Port Harcourt, the number of deaths associated with dirty energy sources in Nigeria would significantly reduce.  Making the revelation in Port Harcourt during the delivery …

The Rivers State chapter All Farmers’ Association of Nigeria (AFAN) has inaugurated a new executive, led by Chief Ofioma-bari Igwe, to pilot its activities. The executive takes over from the Prince Alphaeus Ibanichuka-led team which stepped down recently. AFAN’ national vice chairman (South South), Chief Michael Udo Akpan, described the …