NFIU: Banks Reject Cheques from Govs on LG funds Following the directive by the Nigerian Financial Intelligence Unit barring state governments from spending funds meant for local governments, banks have begun to dishonour cheques emanating from states on behalf of local governments. The spokesman for the...

Ibom Air Gets AOC To Begin Commercial Flights Akwa Ibom State’s carrier, Ibom Air, has been given the Nigerian Civil Aviation Authority’s Air Operator Certificate to begin commercial flight services. The AOC was issued to the airline in Lagos, on Thursday. The airline, in a statement on...

As Kaduna Refinery Lays Idle For 1 Year, Others Wobble The Kaduna Refining and Petrochemical Company did not refine any crude oil from February 2018 to January this year, the latest data obtained from the Nigerian National Petroleum Corporation showed. The Port Harcourt Refining Company was...

In Rivers, Shell Spends N17bn On GMoU Clusters   The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has said it has spent a total of N17billion on the Global Memorandum of Understanding (GMoU) clusters in Rivers State. The initiative gave communities opportunity to decide and implement...

Osun State Records Increased IGR Osun State Government has announced a 6.26 per cent increase in its combined revenue for 2017 and 2018. This, it said, was made up of both Internally Generated Revenue and allocation from the Federal Government. The government said its revenue rose...

Firms Obtain Licence To Construct LNG Plant In Kogi Axxela Limited, a gas and power portfolio company, has announced the issuance of a licence by the Department of Petroleum Resources for the establishment of a Liquefied Natural Gas facility in Ajaokuta, Kogi State. The LNG project...