FG gives operators ultimatum to name oil well owners
The Nigerian Upstream Petroleum Regulatory Commission announced a seven-day deadline on Thursday for all lease and licence holders in Nigeria’s oil and gas sector to declare the true…
Scarcity: Fuel marketers boycott private depots
Premium Motor Spirit, also known as gasoline, is still in short supply, and this is why it costs more than N250 per litre in several locations outside of…
Qualcomm to mentor Africans with innovation platform
Qualcomm Incorporated has announced the establishment of the Africa Innovation Platform, a collection of mentorship, education, and training programmes designed to aid in the growth of Africa’s burgeoning…
NNPCL, marketers plan N148/litre
The Nigerian National Petroleum Company Limited intends to execute a contract with independent oil marketers to set the ex-depot price of gasoline at N148 per liter. Mike Osatuyi,…
Russia may cut oil output after price cap
A Russian deputy prime minister warned on Friday that Moscow may reduce oil production by as much as seven percent at the start of 2023 in response to…
OPEC’s monthly oil market report reveals Nigeria’s oil rig count dropped by 50%
The Organisation of Petroleum Exporting Countries, OPEC’s monthly oil market report (MOMR) reported that the number of oil rigs in Nigeria decreased by fifty percent between 2019 and…
Amazon workers vote to strike at a UK depot for the first time
Workers at a UK Amazon distribution center have NOW voted to strike for the first time. In the new year, employees at the Coventry warehouse will go on…
Wheat price rises by 50% as import falls
Since the beginning of 2022, the price of durum wheat has increased by 50 percent, while imports have declined by 16.09 percent.Information Guide Nigeria This is due to…
Nigerian Breweries to Increase Share Capital
Nigerian Breweries is set to increase share capital to N5.138b.Information Guide Nigeria BUSINESS HALLMARK reports that Nigerian Breweries Plc at its recent Extraordinary General Meeting has proposed an…
Stakeholder proffers solution to SMEs failure
The Managing Director and Chief Executive Officer of the Port Harcourt Electricity Distribution Company, Dr. Benson Uwheru, has remarked that a well-thought-out business plan is crucial to a…