OIL & GAS
Nigeria produced above OPEC oil quota in Feb – Report
Nigeria, Africa’s top oil producer, pumped more crude oil in February than the quota given by the Organisation of Petroleum Exporting Countries, a new survey has shown.
NNPC wants DSDP partners to patronise NIDAS
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has charged partners involved in the Direct Sale Direct Purchase scheme of the corporation to patronise its shipping subsidiary, NIDAS Limited.
Oil industry can attract $25bn in two years — NCDMB
The Nigerian Content Development and Monitoring Board said on Thursday that the investment opportunities in the nation’s oil and gas industry could attract $25bn in the next two years.
Millions of barrels of crude stranded in the Atlantic
The NS Concept is a colossal red-and-yellow oil tanker with an international background almost as colorful as its paintwork. It sails under the flag of Liberia; was built in South Korea by Hyundai, and is owned and commercially managed by Russia’s Sovcomflot. However, of late it’s been drifting in international waters, owing to US sanctions.
Oil Prices Slide As Economic Outlook Darkens, U.S. Supply Surges
Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned overnight of continued weakness and fresh data showed Chinese exports and imports slumped last month.:
ASCSN warns Buhari: Stop naming non-civil servants as perm secretaries
The Association of Senior Civil Servants of Nigeria on Thursday advised President Muhammadu Buhari to restore tenure policy in the civil service for Permanent Secretaries and directors and stop the practice of recruiting Permanent Secretaries from outside the civil service.
ASUU restates commitment to 2019 Memorandum of Action with FG
The Academic Staff Union of Universities (ASUU), says it will abide by the contents of the 2019 Memorandum of Action (MoA) agreed upon by the union and the Federal Government.
Economy: Labour seeks fresh positive perspectives
As President Muhammadu Buhari is certain to mount the nation’s saddle of leadership for another four years following his re-election, organised labour, under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN), has advised him to come into office with fresh and positive perspectives to governance as it is in other developed economies
International Women’s Day: Nigeria in focus
As the world marks International Women’s Day (IWD), which draws attention to matters relating to women and girls, women in Nigeria have been called upon to continually up-skill themselves, network actively, and put themselves forward confidently for greater roles in society.
Some prominent Nigerian women who spoke with Business Day also called for gender balance, women empowerment, and inclusion of more women in governance in the country for economic development.