World Bank approves $750m to boost Nigeria’s business environment
MEDIATRACNET The World Bank has approved $750m for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. The World Bank, which disclosed this on its website monitored on Friday…
TotalEnergies’ Ikike field first oil evidence of positive fruits of PIA, says Sylva
By Bassey Udo Achieving first oil from Ikike field operated by TotalEnergies is evidence the Petroleum Industry Act (PIA) enacted in 2021 has started yielding positive fruits, Minister of State…
Attorney-General charges Zinox Group Chairman, wife, 11 other suspects over alleged N170.3m contract fraud
By Bassey Udo After evading prosecution for over eight years, the Chairman of Zinox Group, Leonard Stanley Ekeh; wife, Chioma, and 11 other suspects in alleged N170.3 million contract fraud…
Crude oil theft: Upstream industry regulator to probe oil firms technical operations, others
By Bassey Udo To redress the challenges of crude oil theft and boost the country’s crude oil production capacity, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) plans to probe into…
Why CBN raised controlling monetary rate to 15.5%
By Bassey Udo In what experts described as the most aggressive monetary policy decision to rein in spiralling inflation and stabilise the country’s financial system and economy, the Central Bank…
No plan to sell TCN, says BPE
By Bassey Udo The Federal Government has no plans to sell the Transmission Company of Nigeria (TCN), the Bureau of Public Enterprises (BPE) has said. The privatization agency was reacting…
Energy Transition: PIA’s the key to fresh investments in Nigeria’s Oil, Gas Sector, says Sylva
By Bassey Udo The Petroleum Industry Act (PIA) enacted by President Muhammadu Buhari last August after almost two decades of waiting holds the key to new investments to realise the…
Dangote Cement celebrates winners in its N1bn promo in Jos, Ogun
MEDIATRACNET About 50 winners who emerged as instant Millionaires in the Dangote Cement Plc. Consumer Promo Bag of Goodies 3 who emerged in the Northeast region, along with 10 others…
FIRS warns MDAs against outsourcing tax services to consultants
By Bassey Udo Outsourcing the collection of taxes due to the Federal Government or any of its agencies to consultants and concessionnaires is infringing on the mandate of the Federal…
NPDC Sangama Well 6 gas leak: NUPRC mobilises repairs
MEDIATRACNET The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday reported a gas leak incident on the Nigerian Petroleum Development Company’s (NPDC), Well 6, in Sangama community, Bonny Local Government…