The International Labour Organisation, ILO, said its new guidelines launched recently will promote decent work within the agri-food industry. According to the ILO, the guidelines will bolster endeavours to enhance the well-being and economic prospects of over 1.3 billion workers, while also promoting sustainable enterprise growth in the sector. In a statement, the organisation stated…
The Nigerian National Petroleum Company Limited, NNPCL, has renewed the Oil Mining Lease 130 Production Sharing Contract and conversion of the acreage to a Petroleum Mining Lease with China National Offshore Oil Corporation and South Atlantic Petroleum with Total Upstream Nigeria as the operator. The renewal was announced on Thursday, in accordance with the provisions…
President Muhammadu Buhari on Tuesday inaugurated the Wadi-B Drilling Well Campaign in Borno State signalling the formal resumption of crude oil and gas exploration activities in Chad Basin area. Prof. Babagana Zulum, Governor of Borno, performed the spud-in ceremony on behalf of the President. The project is being handled by the Nigerian National Petroleum Company…
Petroleum products from Dangote Refinery, with capacity to refine 650,000 barrels of crude oil per day, will be supplied to the Nigerian market by July, the Chairman of Dangote Group has revealed. The refinery was designed to process variety of crudes, including many African crudes, some Middle Eastern crudes, and U.S Light Tight Oil. Some…
The Manufacturers Association of Nigeria, MAN, has threatened industrial action and job cut over the increase in excise duty for sugary beverage and tobacco. According MAN, the increase duty puts the going concern of manufacturing companies at risk as businesses contemplate scaling down operations, factory closures and cutting of workforce. At a press conference on…
Only 260,000 consumers pay their electricity bill regularly in Kano, the Kano State Electric Distribution Company, KEDCO, told participants at a workshop in Kano. According to KEDCO on Tuesday, there were 600,000 consumers in its book, blaming corruption for the loss of huge revenue. DAILY COMMERCE Nigeria reports that KEDCO was among some electricity distribution…
Nigerians looking forward to improved electricity supply may continue to wait as the dismal nature of the power sector may not change any time soon, the Petroleum and Natural Gas Senior Staff Association of Nigeria stated on Thursday. PENGASSAN outlined several reasons why Nigeria’s power supply situation would not improve in the near future, stressing…
President of Dangote Group, Aliko Dangote and the CEO of Heirs Holdings, Tony Elumelu have both expressed confidence in NNPC Limited’s huge capacity to position itself as Africa’s biggest energy company. The two leading industrialists disclosed this at the NNPC Upstream Investment Management Services (NUIMS) Annual Value Assurance Review (AVAR) Session in Lagos State on…
The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill they say had a devastating long-term impact on the coastal area where they live. The case was one of a series of legal battles Shell has been fighting in London…
As it tightens the regulatory noose on manufacturing sector to weed out producers of substandard products in the country, the National Agency for Food and Drug Administration and Control, NAFDAC, said 35 companies including drug producers in Kano State are facing various degrees of sanctions for sharp practices in the first quarter, Q1, of the…
