The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with the responsibility to ultimately end gas flaring by 2025. The team has the mandate to drive the process and coordinate the Federal Government’s Flare Gas Commercialisation Programme. Gas flaring in the oil and gas industry has continued to be a menace which …

The Nigeria Customs Service (NCS) revenue profile for the first half of the year has shown that addition of N1.293 trillion was paid into the federation coffers. At a media conference in Abuja over the weekend, the National Public Relations Officer of the service, Deputy Comptroller Timi Bomodi said the amount was an increase compared to N1.004 trillion generated for …

Wakanow, Africa’s leading travel tech company, has announced its partnership with Eko Hotels and Suites for the 2022 Prideland edition of the Tropical Christmas Wonderland. The arrangement means that Wakanow has become the ticketing partner for the Prideland edition. The travel agency with spread across Africa and the United Arab Emirates says it aims to transform the booking experience for …

Telecommunication subscribers, under the aegis of the National Association of Telecoms Subscribers (NATCOMS), have vowed  to challenge the legitimacy of the proposed five per cent excise duty on telecoms services in court. According to them, the excise duty on telecom services, which would translate to an extra five per cent consumption tax on calls, SMS, data, and other telecom services, …

Ogun State dominated every other state in the production of mineral products in 2021, the National Bureau of Statistics has said. In 2021 the country’s aggregate production of mineral products grew by 39.19 per cent from 64.29 million tons recorded in 2020 to 89.48 million tons in 2021. Ogun State alone recorded the highest production in 2021 with 32.04 million …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that the status quo remains in respect of ExxonMobil/Seplat Energy share acquisition. Responding to media enquiries on the latest development about the transaction, NUPRC Chief Executive, Engr. Gbenga Komolafe clarified that,  in line with the provisions of the Petroleum Industry Act 2021, the commission is the sole regulator in dealing with …

Mouka, the market leader in Nigeria’s sleep industry and a new member of the Dolidol International group, has appointed Dr Adesegun Akin-Olugbade as its new Vice Chairman. The Board of Mouka’s parent company, Dolidol has given its vote of confidence to the new Vice Chairman, who has an impressive resume of sterling accomplishments. According to the Managing Director of Mouka, …

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, will host the 2022 Stanbic IBTC Africa China Trade Expo as part of its efforts at promoting trans-regional trade and development between Nigeria and China. The trade expo will feature a panel discussion, masterclasses on trade, a presentation on the Stanbic IBTC Africa China Trade Solutions and a fully virtual …

Africa’s first cassava-based sorbitol factory, constructed by Psaltry International Limited (PIL) in partnership with First City Monument Bank (FCMB) and Unilever Nigeria, has been commissioned in Iseyin, Oyo State by the Governor, Engr. Seyi Makinde, . At the commissioning, Makinde said: “This is another value addition to cassava, which Oyo State is known to produce in large quantity. We are …

The 2022 National Conference and Annual General Meeting of the Nigeria chapter of the Chartered Institute of Logistics and Transport (CILT) has been organised with innovation in mind, according to the Chairman of the Conference Planning Committee, Prof. Kayode Oyesiku. He told newsmen on Thursday in Lagos that the conference would hold on 11 and 12 October at the Oriental …