Shell Petroleum Development Company (SPDC) has confirmed the shutdown of its floating, production, storage and offloading (FPSO) vessel, located off the Bayelsa coastline. An FPSO vessel is used by the offshore oil and gas industry for the storage of oil as well as the production and processing of hydrocarbons. The FPSO, named ‘Sea Eagle’, […]
The headquarters of Firstbank located in the Central Business District, Abuja, had been sealed up by the FCT High Court Enforcement Unit over failure to comply with a garnishee order. A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour. […]
Nigerian Civil Aviation Authority, NCAA, yesterday said that it is currently carrying out economic and financial audits of domestic airlines in the country in order to determine their health conditions. This is just as the regulator expresses optimism that Dana Air and Aero Contractors will resume operations after their audit. Captain Musa Nuhu, the […]
British Airways (BA) has suspended the sale of short-haul flight tickets departing from Heathrow airport as industry challenges persist globally. Short-haul flights are trips lasting anywhere from 30 minutes to 3 hours. In a statement on Tuesday, BA said the move was in response to Heathrow’s request for airlines to limit new bookings and […]
The Minister of Communications and Digital Economy, Isa Pantami, has kicked against renewed attempts by the Federal Government to add a five per cent excise duty to telecommunication services. When implemented, this will bring the total tax telecom consumers pay for telecom services to 12.5 per cent. He disclosed this while speaking in Lagos […]
The naira, on Monday, appreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable in Lagos, quoted the naira at N695 to a dollar. The figure represents a gain of N12 or 1.7 percent compared to the N707 […]
The Federal Inland Revenue Service (FIRS) has urged the public to be vigilant and avoid dealing with scam artists who pose as recruitment agents for the service. This is contained in a statement issued on Monday in Abuja by Mr Johannes Wojuola, Special Assistant on Media and Communication to the Executive Chairman, FIRS, Muhammad […]
The Nigerian National Petroleum Company Ltd remitted $2.7 billion in six months, from January to June this year, into its accounts with the Central Bank of Nigeria, CBN, disputing claims that lack of contribution from it has led to the spiraling value of the naira. The funds remitted comprise of $645 million for dividend […]
The Association of Nigerian Electricity Distributors (ANED) has blamed the federal government for failing to provide a N400 billion fund and other promises after the 2013 privatisation to ensure the Distribution Companies (DisCos) improve services. According to a statement by the Executive Director, Research and Advocacy, ANED, Barr. Sunday Oduntan, on Sunday, despite the […]
Thehe Assets Management Company of Nigeria (AMCON) Friday, returned to Imo State Government the Certificate of Occupancy (C of O) of Standard Shoe Company Limited, Owerri which it seized from past administrations as a result of N1.6 billion indebtedness. Consequently, the government of Imo State under Governor Uzodimma has been authorised to resume ownership […]
