Business

By Our Correspondent Russia has concluded plans to export natural gas through the North Sea Route, connecting the Arctic to Asia starting in 2024, according to FleetMon. It stated: “This venture is being planned by Russia’s state nuclear energy corporation, Rosatom, and its largest natural gas producer, Novatek. The opening of this new trade route […]

First Bank cautions customers against fraudsters .Moves to tackle service degradation By Eyo Nsima First Bank of Nigeria Limited (FirstBank), the premier bank in West Africa, has cautioned customers against fraudsters as it battles to tackle service degradation. In its Notice obtained by The Daily, www.thedaily-ng.com, the Bank, stated: “We are experiencing service degradation on

MARITIME ACCIDENT: Container ship SHILING in trouble again By Our Correspondent Container ship SHILING in trouble again, still in New Zealand waters – the ship issued distress signal at 0827 LT (UTC +12) on May 12, 2023, according to FleetMon. It stated: “SHILING was disabled and started to drift in NE direction, in rough weather

Nigeria’s oil output drops 23% to 999,999 bpd as Angola becomes Africa’s highest producer By Eyo Nsima Nigeria’s oil output dropped 23 per cent to 999,999 barrels per day, bpd, in April 2023, from 1.3 million bpd in the preceding month of May 2023. The nation’s oil output rose to 1.3 million bpd in February

The Institute of Directors Nigeria (IoD), the premier corporate governance Institute and a leading promoter of ethical professional standards in Nigeria, has concluded plans to mark forty (40) years of its existence in grand style. Dele Alimi, Director General/Chief Executive Officer of The Institute of Directors Nigeria (IoD) said: “The year–long celebration is expected to

LINKEDIN: NCC disowns fake account of Prof. Danbatta By Eyo Nsima The Nigerian Communications Commission (NCC) has disowned a fake LinkedIn account attributed to the organisation’s Executive Vice Chairman and Chief Executive Officer, Prof Umar Garba Danbatta. In a statement obtained by The Daily, www.thedaily-ng.com, NCC, stated: “The Nigerian Communications Commission (NCC) has been made aware

WEOG marks 5th anniversary in glitz and glamour at OTC 2023 By Dr. Oladunni Owo In the beginning It all started at the 2018 edition of the landmark Energy event OTC, where Energy Professionals from Across the Globe Gathered in Houston, Texas for its 50th Anniversary Milestone celebration. Energy industry experts and leaders from across the

Gontor of NCC Honoured by Northern Youth Organisation   Director of Financial Services at the Nigerian Communications Commission (NCC), Yakubu Gontor, has been honoured the Northern Youth Council of Nigeria (NYCN) for his exemplary professional conduct. NYCN is the umbrella body of youths across the 19 northern states including the Federal Capital Territory Abuja (FCT)

NCC says it’s not responsible for monitoring social media contents The Nigerian Communications Commission (NCC) has said it is not the regulator of the contents of the social media networks that many stakeholders have complained about. The submission came during a recent visit of the National Civil Society Council of Nigeria (NCSCN), led by its

Business aviation firm, Falcon Aerospace Limited, has launched two technology platforms designed to ease business jet booking and make access to the service more inclusive. The firm introduced the products at a recent event in Lagos where it unveiled its operational business units, According to CEO, Chukwuerika Achum, Falcon Aerospace’s business model derives from the