Business

  By Bon Peters   The Nigeria Customs Service, Area 5 Ibeto Seaport and Terminal Command, in Port Harcourt, Rivers State, says it has generated the sum of N4.2 billion in less than 3 months of its commencement of operations. This is as stakeholders have applauded the pioneer Customs Area …

    By Jacinta Hycenth, Abuja   The Federal Ministry of Steel Development on Thursday said that a comprehensive technical and financial audit of Ajaokuta Steel Plant is presently underway to ensure that any decision taken is transparent, data-driven and in the best interest of Nigeria. The ministry disclosed this …

  By Paul Williams    Gas company, NLNG says it is intensifying its drive to reduce methane emissions, by embedding prevention measures into its facility design, upgrading existing assets, and commissioning new technologies. NLNG’s Managing Director and Chief Executive Officer, Philip Mshelbila, speaking during a high-level panel session at the …

  By Paul Williams   International gas company, NLNG, has adopted Artificial Intelligence (AI) across its operational areas, in a bid to enhance efficiency and achieve sustainable energy. According to a release signed by the General Manager, External Relations and Sustainable Development, Sophia Horsfall, “The plan is to integrate smart …

By Paul Williams  The intervention by the Federal Ministry of Labour and Employment failed to stop the strike action embarked on by workers of Cameron/Onesubsea Offshore Systems Limited, pushing it into the third day. The strike action further raises concerns over potential disruptions to Nigeria’s offshore oil and gas supply …

  By: Jacinta Hycenth, Abuja   The National Pension Commission (PenCom) has issued a new directive designed to standardize the methodology for calculating and reporting investment performance across pension portfolios. This was contained in a circular signed by A.M. Saleem, Head of the Surveillance Department, and issued to all Licensed …

  By Jacinta Hycenth, Abuja   Despite past losses, PZ Cussons Nigeria PLC has reported a strong financial turnaround for the year ended May 31, 2025, with total revenue of N212.6 billion, a 40 percent increase from N152.2 billion in 2024. The company disclosed this in its newly released Q4 …

  By Jacinta Hycenth, Abuja   The National Environmental Standards and Regulations Enforcement Agency (NESREA) and its partners have planned to evacuate hazardous Used Lead-Acid (ULAB) slag from Ogijo community in Ogun State. The exercise is sequel to the outcome of a Stakeholder Engagement Meeting on the strategy for managing …

  By Jacinta Hycenth, Abuja   Bayelsa State and Jampur Group, a Dubai-based company in the United Arab Emirates, have signed a Memorandum of Understanding (MoU) to set up solar power and smart electricity metering production plants in the state. A statement issued by the Chief Press Secretary to the …

  By Bon Peters, Port Harcourt   Comptroller Salamatu Atuluku has assumed leadership of the Nigeria Customs Service Area 1, Port Harcourt, replacing Comptroller YM Hashim, who has been redeployed to Import and Export unit of the Nigeria Customs Service Headquarters in Abuja. In an emotion laden handover and taking …