The Maritime Workers Union of Nigeria, MWUN, has rejected plans by the Federal Government to re-float the Nigeria National Shipping Line, NNSL, 28 years after its liquidation by the government of Olusegun Obasanjo.
The Union argued that, besides not carrying organized Labour along, the benefits of disengaged and other former employees of the defunct NNSL are yet to be paid by the same government that liquidated the national carrier 28 years ago.… Read the rest
The Nigerian National Petroleum Company Limited has expressed its capacity to supply petroleum products to last beyond this year’s months and the New Year.
The NNPCL said the supply of petroleum products, especially the Premium Motor Spirit, known as petrol, would last beyond the Yuletide and New Year.
The Group Chief Executive Officer, NNPCL, Mallam Mele Kyari, said this when he led a delegation on a courtesy visit to the President of the Senate, Senator Godswill Akpabio, on Wednesday in Abuja.… Read the rest
For the first time since payment of subsidies became a nightmare, the Nigerian National Petroleum Company (NNPC) Limited has announced it has started paying dividends to shareholders, starting in July 2023.
Mele Kyari, NNPC Group Chief Executive Officer (GCEO), made this known when he led an NNPC delegation on a courtesy visit to Godswill Akpabio, the Senate President, at the National Assembly in Abuja, on Wednesday.… Read the rest
Nigeria and Germany have agreed on a deal for Africa’s largest oil producer to supply more gas to Germany while Berlin will also invest $500 million in renewable energy projects, Nigeria’s presidency has said.
Since he came to office in May, Nigerian President Bola Ahmed Tinubu has been courting foreign investors to Africa’s largest economy pointing to his reforms on fuel subsidies and currency controls as incentives.… Read the rest