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.
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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.
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Kunle Kalejaye 07 April 2017, Sweetcrude, Lagos – Nigerdock, an indigenous energy services company, has successfully fabricated and loaded out the…
Ozo-Eson said, “For us, what is important is that the implementation should be done. When we looked at the plan, we had some issues with it and when we met with the Minister of Budget and Planning over the plan, we stated our observations.”
The minister said, “The council enthusiastically approved these facilities which are on long term, meaning that the DBN will be able to lend to our MSMEs over much longer periods and at much lower rates. So the impact on the SMEs will be quite considerable.”
