New Telegraph

IOCs snub FG’s directive on engaging local stevedoring firms

Eight years after, international oil companies (IOCs) have snubbed Federal Government’s directive that stevedoring companies be allowed to operate on their platforms. It was learnt that a marine notice of 106 was issued in 2014…

Airline chiefs risk fine, jail term over payment default

Airline chiefs risk fine, jail term over payment default

Henceforth, failure by any airline or its promoters to remit the mandatory ticket sales charge/ cargo sales charge (TSC/CSC) to the coffers of the Nigeria Civil Aviation Authority (NCAA) would attract a N5 million fine…

‘Nigerian economy bleak beyond 2023 elections’

‘Nigerian economy bleak beyond 2023 elections’

  CBN’s decision on naira great, wrongly timed Between Q1’22 and Q3’22, agricultural and services growth rates declined by 58 per cent and six per cent respectively   Ahead of 2023, a development and economic…

‘Impact of national carrier to SAATM, AfCFTA agenda’

‘Impact of national carrier to SAATM, AfCFTA agenda’

  Nigeria, others spearhead national carriers’ revival    15 nations in pact to ease travel restrictions   For Africa to reap abundantly from the gains of the African Continental Free Trade Area (AfCFTA) and the…

Replace oil revenue with gas income, FG urged

Replace oil revenue with gas income, FG urged

Chief Executive Officer, Ecocity Projects Limited, Norbert Shialsuk, has urged the Federal Government to maximise the gas potential of the country so that it will use it to replace oil revenue. Shialsuk, warned that Nigeria’s…

FEC approves $23m for power projects in Taraba, Yobe

FEC approves $23m for power projects in Taraba, Yobe

The Federal Executive Council (FEC) has approved N3.4 billion for the restoration of the power supply in Borno. The Minister of Power, Abubakar Aliyu, while speaking with journalists after the council’s meeting, presided over by…

Crude Oil: FG confident of full restoration, targets 3mbpd

Crude Oil: FG confident of full restoration, targets 3mbpd

The Federal Government has said that it is targeting a full production capacity of up to three million barrels per day of crude oil production, according to a statement on Tuesday by the Senior Adviser,…

Despite odds, Nigerian aviation sector shows resilience

Despite odds, Nigerian aviation sector shows resilience

The Nigerian aviation industry in the past seven and half years has not done badly. If anything, the industry has shown resilience and remarkable improvement despite some of the challenges still visible. Taking a holistic…

UK to waive duty for Nigeria on export worth N1.2trn

UK to waive duty for Nigeria on export worth N1.2trn

  Cocoa, fertilisers and other export goods valued from Nigeria valued at N1.2trillion(£1.6billion) will enjoy duty and quota access in the United Kingdom from 2023 under the Developing Countries Trading Scheme (DCTS) introduced in August,…

Year of mixed experiences for oil, gas, power

Year of mixed experiences for oil, gas, power

The year 2022 witnessed pleasant and unpleasant experiences in the energy sector. Success Nwogu writes 2022 is a year of mixed experiences, unpleasant and pleasant, in the oil, gas and energy sector in Nigeria. FG…