NPA Deploys $30m Equipment In Onne Port     The Nigerian Ports Authority (NPA) plans to deploy equipment worth over $30 million to Onne port, Rivers State, it was gathered at the weekend. The step, it was gathered, is being taken by the NPA to boost efficiency, security...

Telecoms Sector Contributes N2.3trn To Q2 GDP     Despite the economic impact of the COVID-19 pandemic, Nigeria’s telecommunications and information services sectors remain the enablers of growth, with N2.3 trillion or 14.30 per cent Gross Domestic Product (GDP) contribution in the second quarter of 2020. Data available...

Senate Demands Probe Of $18bn NLNG Dividend To NNPC       The Senate on Wednesday directed the Accountant General of the Federation, Mr Ahmed Idris, to investigate the $18.32bn which the Nigerian Liquefied Natural Gas Limited claimed to have paid as dividend to the Nigerian National Petroleum...

Refineries Idle For 12 Months, Incur N142bn Expenses     The nation’s refineries did not refine a barrel of crude oil in the 12 months to June this year but incurred a combined operating expense of N142.07bn, the latest data from the Nigerian National Petroleum Corporation have...

FG Okays N722.3m For Eight NDDC Forensic Auditors       The Federal Executive Council on Wednesday approved the payment of N722.3m to eight field forensic auditors engaged to audit 12,000 projects embarked upon by the Niger Delta Development Commission in states. While the names of the remaining auditors...

SON Destroys N450m Worth Fake Roofing Sheets, Gas Cylinders       The Standards Organisation of Nigeria (SON) has destroyed substandard liquefied petroleum gas (LPG) cylinders and aluminum and corrugated roofing sheets worth over N450 million, for failing the minimum requirement of the standards. Speaking to the reporters during...