*Capacity ramped from 160Mw to 620Mw 08 April 2017, Sweetcrude, Lagos — The Transnational Corporation of Nigeria Plc has commissioned…
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08 April 2017, Sweetcrude, Lagos — The African Development Bank (AfDB) has approved a USD 29.8 Million loans to Tanzania…
*Some existing gas contracts to expire by 2022 08 April 2017, Sweetcrude, Lagos — The Nigeria LNG Limited has commenced…
Fitch, an international rating agency, in an April 5 report, said Nigeria has the worst situation among 14 major oil exporting nations in the Middle East, Africa and emerging Europe.
The PIGB seeks to establish a framework for the creation of commercially-oriented and profit-driven petroleum entities that ensure value addition and internationalisation of the petroleum industry, promote transparency in the administration of the petroleum resources of Nigeria; and create a conducive business environment for petroleum industry operations.
Fayemi said that he would meet with the Minister of State, Petroleum Resources, Dr. Emmanuel Ibe Kachikwu to look into the issue why the local oil companies refused to patronise the local baryte producers but preferred to import the products.
“So, the government should ensure that the benchmark for all employers is made as a law so that everybody in the country is carried along irrespective of the number of persons employed. We also hope that the committee will look into the idea being canvassed that minimum wage should not only be for workers in organisation of 50 staff and above.”
The original first defendant, Alhaji Saminu Rabiu, who is the Director of Alminnur Resources Limited, had died after the prosecution closed its case with 12 witnesses, and the charges were later amended to delete his name as a defendant.
He said that the company would suspend the installation of the meters based on NEMSA’s directive which had created doubts in the minds of customers.
*Moody’s says banks have no incentive to lend to private sector *Government debt more attractive as non-performing loans soar 07…
