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NEITI laments revenue loss, seeks urgent review of production contracts
National NEITI News Nigeria NNPC

NEITI laments revenue loss, seeks urgent review of production contracts

Nigeria’s $104.5b three-year oil earnings favour IOCs The Nigeria Extractive Industries Transparency Initiative (NEITI) has declared that the old agreement used in computation of revenues to be shared between the government and oil companies is no longer acceptable, calling for urgent review.Despite the fact that the country earned $104.484 billion […]

NUPENG faults N11.5b infrastructure budget cut by National Assembly
National News Nigeria NUPENG Williams Akporeha

NUPENG faults N11.5b infrastructure budget cut by National Assembly

NUPENG's National President, Williams Akporeha The leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has faulted the N11.5 billion infrastructure vote cut in the 2018 budget by the National Assembly. The oil workers argued that the action portends a negative socio-economic impact on national and regional […]

‘Government seems to be insensitive to plight of Nigerian manufacturers’
Berger Paints Plc Business Interview Peter Folikwe

‘Government seems to be insensitive to plight of Nigerian manufacturers’

Peter Folikwe Peter Folikwe is the Managing Director of Berger Paints Plc. He has 25 years of experience in Marketing, Sales/Distribution and General Management, having worked in a number of top-rated companies in Nigeria. He had two years working experience with UAC Foods, a joint venture between Tiger Foods South […]

‘Delay in judicial process affects housing delivery’
Debo Adejana Federal Mortgage Bank of Nigeria Property

‘Delay in judicial process affects housing delivery’

Ilubrin Housing Development in Lagos There are growing concerns that the delay in Nigeria judicial process, especially in commercial matters has compounded the inadequate housing for Nigerians. The agitations on housing deficits date back to 1991, when Nigeria was said to have housing deficit of seven million units. Since then, […]

Firms, CEOs, others receive The Guardian oil, gas awards
National News Nigeria The Guardian Oil and Gas Awards

Firms, CEOs, others receive The Guardian oil, gas awards

D-G, Lagos Chamber of Commerce and Industry, Muda Yusuf (left); Chief Corporate Affairs Manager, NIPCO, Taofeeq Lawal; Editor, The Guardian, Abraham Ogbodo; Senior Vice President, Aiteo E&P, Victor Okoronkwo; Chairman, Editorial Board, The Guardian, Prof. Wale Omole; Corporate Social Responsibility Manager, Total Nigeria Plc, Ifechigha Chinwe and Safety Chief, NIPCO, […]

NCAA explains industry figures, denies revenue shortfall 
Abdullahi Adamu National News Nigeria Nigerian Civil Aviation Authority

NCAA explains industry figures, denies revenue shortfall 

Abdullahi Adamu The Nigerian Civil Aviation Authority (NCAA) yesterday explained how the recent industry figures were gathered to dispel alleged shortfall in revenue estimates.The apex regulatory body said its figures were verifiable, as the system and processes of generating and gathering data were in line with best practices and international […]

Stock market investors’ lose 2.74 per cent in four trading days
Business Business News Nigerian Stock Exchange

Stock market investors’ lose 2.74 per cent in four trading days

Nigerian Stock Exchange Analysts predict further losses on bargain hunting At the end of yesterday’s transactions on the equity sector of the Nigerian Stock Exchange, the NSE All-share index and market capitalization depreciated by 2.74 per cent to close the week at 37,862.53 and N13.716 trillion respectively.    Similarly, all […]

Union Homes battles AMCON over seized property
AMCON Property Stella Oduah-Ogiemwonyi

Union Homes battles AMCON over seized property

Stella Oduah Asset Management Corporation of Nigeria (AMCON) is battling Union Home over property allegedly belonging to former minister of aviation, Senator Stella Oduah-Ogiemwonyi.AMCON has through a court order seized several property belonging to companies Sea Petroleum Oil and Gas Group Limited and placed under receivership. The property in question […]