The Department of Petroleum Resources (DPR) has suspended the manual processing of all downstream application for licenses and permits. The agency explained further that to replace the manual process, it has launched its digitization initiative for downstream operations under the ‘Automated Downstream System’ (ADS) program. The digital initiative according to[Read More…]
News
DPR seal gas stations in Delta over offences
The Department of Petroleum Resources (DPR), Warri Zonal Office yesterday said it has sealed 10 gas plants and 40 gas retail shops over various offences in Delta. Engr. Victor Ohwodiasa, the Manager, Gas division, Warri led a surveillance team of the regulatory agency on the routine exercise on behalf of[Read More…]
None compliance importers on SONCAP cries foul on demurrage – SON
The Standards Organisation of Nigeria (SON) has debunked the claim by one Kayode Farinto over a purported collapse of its online application portal for the operation of the offshore Conformity Assessment Program (SONCAP) for processing of SON regulated imports into Nigeria describing it as a blatant lie. A statement from[Read More…]
SON, NSCDC to partner on eradication of substandard products in Anambra
The Standards Organisation of Nigeria (SON) and the Nigerian Security and Civil Defence Corps (NSCDC), Anambra State command, have resolved to rekindle the partnership between the two organisations towards combating the menace of substandard products in the state. This resolution was made during a courtesy visit of the Anambra State[Read More…]
ICPC confirms arrest of Petroleum Equalisation Fund boss
The Independent Corrupt Practices and Other Related Offences Commission (ICPC), has detained Mr Goddy Nnadi, the General Manager (Corporate Services), Petroleum Equalisation Fund. The spokesperson of the commission, Mrs Rasheedat Okoduwa, told News Agency of Nigeria (NAN) in Abuja on Wednesday, that Nnadi was arrested on Monday and detained by[Read More…]
EFCC Arraigns Ex-NDDC Boss, Nicholas Ebomo for Alleged Fraud
The Economic and Financial Crimes Commission, EFCC, on February 3, 2020, arraigned a former Chairman of the House of Representatives Committee on Niger Delta Development Commission, NDDC, Nicholas Mutu Ebomo, Airworld Technologies LTD, Oyien Homes LTD, and one Blessing Mutu (now at large) before Justice F. O. G. Ogunbanjo of[Read More…]
FCCPC To Focus On Robust Enforcement, Consumer Education – Irukera
Nigerian consumers have a lot to be hopeful for in 2020 as the Federal Competition and Consumer Protection Commission (FCCPC) prepares to widen its scope of activities in 2020. According to Dr. Babatunde Irukera, chief executive officer, FCCPC, robust enforcement and consumer education will be the key pillars of its[Read More…]
Nigerian consumers should patronise locally made goods – SON
The management of the Standard Organisation of Nigeria (SON) has urged Nigerians to stop buying substandard goods and should rather embrace certified locally made products. Mrs Esther Okon, the Coordinator of SON in Kwara, made the call in Ilorin on Monday at meeting organised by FORGO Batteries Company Limited. Okon[Read More…]
We’ve lost N6bn to demurrage over delay in SONCAP — Clearing Agents
The Association of Nigerian Licensed Custom Agents (ANLCA) says its members have lost over N6 billion to demurrage in two months following inability to access the portal and process Standard Organisation of Nigeria Conformity Assessment Programme (SONCAP). The Vice President of ANLCA, Dr Collins Farinto, told newsmen of the loss[Read More…]
Manufacturing PMI drops to 59.2 index points in January — CBN
THE Central Bank of Nigeria, CBN, said that the Manufacturing Purchasing Managers Index, PMI, dropped marginally to 59.2 index points in January though activities in sector expanded for the 34th consecutive months. The January Manufacturing PMI represents 1.6 index points decline when compared to the 60.2 index points recorded in[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]