Business

OML 11: Rivers governor to protect interest of host communities

By Valentine Amanze

Nigeria sadly transiting to religious economy – Obi

The Vice Presidential candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has called on Nigerian leaders to address key needs of the country such as employment and support for micro, medium and small enterprises.
Obi gave the advice during the Summit on Education organised by the Catholic Diocese of Awka at the Bishop Obiefuna Retreat Centre, Okpuno, yesterday.

Senate probes shady deals by security outfits at Lagos ports

THE Senate yesterday mandated its committees on Navy, Marine Transport and Finance to carry out a comprehensive investigation into the activities of Messrs OMLS Limited and other security agencies at the Safe Anchorage Area of the Lagos ports.

According to the News Agency of Nigeria (NAN), the team is to determine the legality of its operations and revenue and report back to the upper legislative chamber in four weeks.

Border clossure worries Ghanaians

.Give Nigerian traders quit notice

Nigerians doing business in Ghana have been asked to quit their shops by Thursday, November 14, 2019, or be forcibly evicted in apparent retaliation against the Federal Government’s closure of the borders.

The ultimatum was issued by the Ghana Union of Traders’ Associations (GUTA) and the Ghana Electrical Dealers Association (GEDA).

NCC gets deadline to address illegal data deductions, review price

THE Minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami, has ordered the Nigerian Communications Commission (NCC) to resolve the issues of illegal data deduction and review downwards the price nationwide within five days.

He stated this during the presentation of Adeleke Morofolu Adewolu as a new board member/Executive Commissioner by the chairman of the board, Senator Olabiyi Durojaiye at the ministry’s headquarters in Abuja yesterday.

Exxon Mobil profit halves on weak oil prices, chemicals margins

Exxon Mobil Corp's third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit.

Earnings fell to $3.17 billion, or 75 cents per share, in the quarter, from $6.24 billion, or $1.46 per share, a year earlier, the company reported on Friday.(http://bit.ly/2WxMI0q)

Shell slips as profits plunge on weaker oil prices

Shell’s stock fell on Thursday as the oil major’s third quarter profit dropped 15% due to lower oil and gas prices.

Nigeria's Dangote refinery to rely on ports, roads for fuel deliveries

Africa's largest oil refinery will deliver its fuels to Nigerian consumers via roads and sea ports and will effectively replace all of Nigeria's fuel imports once fully operational, a company executive said on Tuesday.

The 650,000 barrel per day Dangote oil refinery is under construction in Lagos, the biggest city in the most fuel-consuming nation in the region.

But congested ports and dilapidated roads led some to expect that the company would build a pipeline or other method of getting its fuel to consumers.

Ihedioha secures $50m AfrExim investment in Imo

By Valentine Amanze

5G technology to be on trial for 3 months before approval – NCC

THE Nigeria Communication Commission (NCC) on Monday said that the trial of 5G, the fifth generation network technology, would be on trial for three months in the country before actual approval and rollout.

The Executive Vice Chairman of NCC, Prof. Umar Danbatta, said this on the sideline of the Mobile and Disruptive Technology (MoDITECH) Forum 2019 in Lagos. The theme of the forum is ‘The Power of Digital Services”.

Danbatta said that the trial of the 5G technology would enable the commission to see the key attributes it attained before approval.

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