BUSINESS

DPR Set for Full Digitalisation of 2,616 Oil Producing Wells 

The Department of Petroleum Resources (DPR) says it will soon commence full digitalisation of over 2,616 oil producing wells for transparency and accountability. Mr Victor Georgeson, Deputy Manager, Production and Surveillance in the company, said this on the sideline of the agency’s sensitisation workshop organised on National Production Monitoring System (NPSM) for oil and gas operator’s compliance officers in Lagos on ...

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NSC Canvasses Patronage for Kaduna Inland Dry Port

The Nigerian Shippers Council (NSC) has urged stakeholders to patronise the Kaduna Inland Dry Port to enjoy its benefits. Mr The NSC Director, Abuja Liaison Office, Muhammad Abubakar, made the call at the Abuja Shippers Association’s 2nd Quarter General Meeting on Thursday in Abuja. He said that the stakeholders stood a chance to gain more and incur less operating cost if they used ...

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Infrastructure upgrade: AFDB Team meets Fayemi in Ekiti

..As Development Bank Considers State’s Request for Support  The African Development Bank (AfDB)’s team of technical experts  on Thursday met with Ekiti State Governor, Dr Kayode Fayemi and his team in Ado-Ekiti in furtherance of ongoing talks between the Bank and the state government on support for the upgrade of its infrastructure. The meeting which took place at the Governor’s Office, ...

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“No Meter, No Billing”, Electricity Consumers in Delta Insist

Electricity consumers in Delta have charged the Nigerian Electricity Regulatory Commission (NERC) to enforce the “No Meter, No Billing” rule in the country. According News Agency of Nigeria (NAN), the consumers made the demand on Friday at a one-day NERC Electricity Consumers Public Consultation on the theme,” Capping of Estimated Billing and Distribution Franchising” in Asaba. Some of the consumers, ...

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Gossy Water Returns, as Fayemi Commissions Production Plant

….Community Praises Gov for Promise Fulfilled Ekiti State Governor, Dr Kayode Fayemi, on Tuesday commissioned Gossy Water Production plant, signalling the commencement of full scale production of the popular table water brand, a year after the parent company was liquidated. The entire Ikogosi was tuned into a carnival on Tuesday, as both the young and the old trooped to the ...

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Electric Vehicles:  Researchers Forecast  $2.6 Trillion Market, Many New Sectors

The future is coming early for electric vehicles (EV). The new IDTechEx Research report “Electric Vehicles 2020-2030” is based on analysis of no less than 100 sectors to 2030. IDTechEx has studied and forecasted EVs for over 20 years. It has 15 PhD level analysts,including 4 who are Chinese, deployed globally, mostly multi-lingual and the discoveries here are sometimes surprising.  Cars are about half the EV market. ...

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I will privatise NNPC Even in Death – Atiku

Alhaji Atiku Abubakar, Presidential Candidate of PDP, has made clear again that he would privatise the Nigerian National Petroleum Corporation (NNPC) even if it cost him his life. The opposition Peoples Democratic Party’s candidate made the vow again on Wednesday while addressing the business community in Lagos. Brushing aside the controversy generated when he first made the promise, he repeated: “I ...

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South Australia Visitor Economy Soars to an all-time-high of $6.9 billion

South Australia, the location of the next World Routes event, has reported a record number of visitors to the region, with the state’s visitor economy soaring to an all-time-high of AUD $6.9 billion. The results of the latest International and National Visitor Survey showed growth in domestic and international expenditure and visitation. The biggest boost came from interstate guests, with ...

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World Bank: US-China Trade War Damaging Global Economy

Trade war between the world’s two largest economic powers already is inflicting collateral damage and threatens to do yet more harm to the global economy, the World Bank warned Tuesday. And the global slowdown is beginning as government and corporate debt rise, especially among the poorest countries, while mounting interest rates increase borrowing costs, the bank said in its semi-annual ...

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