Perhaps nothing illustrates the utter levity with which successive Nigerian governments approach the urgent issue of attaining rapid economic development than the fact that large quantities of her gas resources continue to be inexplicably flared by oil producing companies. Latest reports indicate that in 2019, over 425.9 standard cubic feet (SCF) of gas was flared…
read moreSome Port Harcourt residents have expressed concern over their health as soot resurfaces in the state. Those most affected by the menace are the residents in the windward directions and those living close to the creeks such as Borokiri, Reclamation Road, Old Port Harcourt Township, Old and New GRAs, Agip Estate, Woji, Iwofe, Abuloma, Amadi-Ama,…
read moreClosing the last decade, the Liquefied Natural Gas Limited (NLNG) Train 7 project was made concrete. In what has been described by some industry experts as one of the best things to happen to the sector in 2019, board of directors of the company on Friday 27 December, 2019 took the much-awaited Final Investment Decision…
read moreNo hiding place: companies need to demonstrate they pay their fair share The launch of a new tax reporting standard that seeks to ensure multinationals are much clearer about how much – and where – they pay their taxes has received widespread international support. The GRI Tax Standard is the first global standard for…
read more…as winners of maiden Community Engagement & Human Rights Awards emerge Stakeholders in Nigeria’s extractive industries arrived at a resolution on the need for extensive community engagement to resolve the interminable issues facing the sectors. Consisting of representatives from the entire value-chain, the 8th Sustainability in the Extractive (SITEI) Conference, organised by CSR-in-Action, offered a germane…
read moreGrowth in sub-Saharan Africa has been projected to remain at 3.2 percent for the rest of 2019 and rise to 3.6% in 2020. This was stated in the Fall 2019 issue of the International Monetary Fund (IMF) Regional Economic Outlook (REO) for sub-Saharan Africa themed Navigating Uncertainty. These represent slower growth rates than was previously…
read moreThe Federation Account Allocation Committee (FAAC) disbursed N2.273 trillion to the three tiers of government and other statutory recipients between July and September this year, according to data from the Nigeria Extractive Industries Transparency Initiative (NEITI). Also, the total revenues from Value Added Tax (VAT) dropped by N36.8 billion to N275.12 billion in the third…
read moreThe Convention on Business Integrity (CBi) in collaboration with the ActionAid and the Lagos Chamber of Commerce and Industry (LCCI) has unveiled a Unique Web-based Solution that prepares MSMEs to meet COSO 2013 standards on internal controls and to establish certifiable anti-bribery, anti-corruption standards (ABAC). The launch which was held in Lagos recently, had in…
read moreVenture in Management Program (ViMP) is an annual program of Junior Achievement Nigeria since 2000. ViMP is designed as a one-week intensive “mini-MBA” session to introduce selected members of the National Youth Service Corps to the different facets of managing a business, making crucial business decisions and developing skills for General Management. The goal of…
read moreApplication Deadline: January 10th 2020 19 leading German enterprises founded the initiative AFRIKA KOMMT! in 2008 - the very first joint-initiative for capacity building by the German industry. After the success of the first seven programme intakes and the eighth AFRIKA KOMMT! intake still in process, the application phase starting 25 November 2019 of the ninth AFRIKA…
read moreBut with Cohesive Leadership, Nigeria’s Industries Can Thrive Author ~ Bekeme Masade-Olowola The management of land and natural resources is one of the most critical challenges facing developing countries today. The exploration and exploitation of valuable natural resources such as oil, gas and minerals, and the accompanying environmental degradation and poor socioeconomic development have often…
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