Business

Warri – Benikruku community in Gbaramatu Kingdom of Warri South West Local Government Area of Delta State has urged Chevron Nigeria Ltd (CNL) to jettison the planned relocation of the Abiteye Field Security House Boat. With a production capacity of 42,000 barrels of crude per day, Abiteye Security House Boat …

Public debt is without a doubt brought about by massive expenditure by the government, which is as a result of the high transfers, or militarization of the economy. The cause of a public deficit is hardly a result of extremely low taxes. However, a public deficit from ow taxes can …

Forex demand is increasing in Nigeria and South Africa. The industry has developed so much during the years that more and more people are finding themselves to be interested in trading. There is increased interest among investors and brokers also to invest their money in this well-regulated places for trading. …

Traders who were affected by the fire incident in Ekiosa Market, Oredo Local Government Area have commended Edo State Governor, Mr. Godwin Obaseki, for approving a relief grant that will alleviate the plight of victims. The spokesperson for the traders, Mrs. Joy Okunbor, who led some traders to protest at …

… facility 99% ready, to be commissioned in Sept. – official Speaker of the Edo State House of Assembly (EDHA), Rt. Hon. Francis Okiye, has said the Edo Modular Refinery being developed by Edo Refinery and Petrochemical Limited with support from the state government would reset the economic base of …

Okomu Oil Palm Company Plc. is set to add not less than 1250 new jobs to the Edo State economy with the roll out of a smallholder farmers’ scheme in collaboration with 2SCALE, involving cooperatives, spanning four local government areas in the state, on the back of Governor Godwin Obaseki’s …

…as 12 next-of-kin of deceased workers get over N42m The Edo State Government has paid N469m as premium on the Group Life Insurance Policy for government employees in the state between 2017 and 2020, to ensure that relatives of the employees who die while in active service are catered for. …

Lagos – The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the Southwest region of the country to begin sales of the Premium Motor Spirit (PMS) popularly referred to as petrol at N162 per litre. The southwest Zonal Chairman of IPMAN, Alhaji ‘Dele Tajudeen in a …

Forex trading has been on the rise in Africa lately, especially in South Africa and Nigeria. With the ever higher penetration of the internet, advances in technology, as well as increased competition among different brokers, it is understandable that this market would become more accessible to individuals and investors in …

The Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government is set to earn about $125m foreign exchange from the exportation of naptha, which is one of the major products from the facility. Chairman of ERPC, Michael Osime, who …