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BUSINESS

PSML (Fmr DSC) Has Helped Buhari Govt Fulfilled Mandate Of Steel Dev. In Nigeria – Fayemi

PSML (Fmr DSC) Has Helped Buhari Govt Fulfilled Mandate Of Steel Dev. In Nigeria – Fayemi

BUSINESS, NEWS
  The Minister of Mines and Steel Development, Kayode Fayemi, has said that Premium Steel and Mines Limited has helped the President Muhammadu Buhari's administration to fulfilled the mandate of the ministry for steel development in Nigeria. Fayemi stated this on Friday during the flag-off/commissioning of the first phase of the reactivation process of the integrated steel complex in Ovwian-Aladja, Delta State by Governor of Delta state, Dr Ifeanyi Okowa. BigPen Online recalls that Premium Steel and Mines Limited had acquired the plant after Assets Management Company of Nigeria, AMCON, took over DSC seven years ago after the plant became comatose. The Minister who was represented by Director of Steel in the Ministry of Mines and Steel Development, Mr Imem Ikprikpo, sai...
FG Will Name, Prosecute And Shame Tax Evaders – Adeosun

FG Will Name, Prosecute And Shame Tax Evaders – Adeosun

BUSINESS, NEWS
Kemi Adeosun, Minister of finance has said that the Federal Government is ready to prosecute, name and shame tax evaders that have failed to utilise the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS) to regularise their tax profiles. Adeosun disclosed this at the VAIDS Stakeholders Symposium held at the Umaru Shehu Yar’Adua Centre, Murtala Square, in Kaduna State, saying that the federal government would prosecute tax evaders once the tax amnesty programme was over by March 31, 2018. “The federal government has the political will and data to go after tax evaders who fail to take advantage of the tax amnesty programme. Many Nigerians cannot explain their lifestyles or match their lifestyles, assets and income with their tax payment. “We will c
Okowa On Asaba Airport: It Took 2 Yrs For ULO To Construct 900 Metres Of Runway; Setraco Have Done 1.1 Kilometre In 3 Wks

Okowa On Asaba Airport: It Took 2 Yrs For ULO To Construct 900 Metres Of Runway; Setraco Have Done 1.1 Kilometre In 3 Wks

BUSINESS, NEWS
Governor Ifeanyi Okowa has expressed delight that he engaged Setraco Nigeria Limited for the reconstruction work in the Asaba Airport, saying that the fast pace of work at the re-awarded runway project shows the project would come on stream sooner than expected. Commercial activities will be in full swing at the Asaba International Airport in July, this year when Setraco handling the new phase of the project must have deliver the job, he said. Governor Okowa who gave this assurance after inspecting the level of work at the project site on Thursday, said that the contractor handling the reconstruction of the runway, Setraco had proven that the project could be delivered within three months. It took ULO Consultant Limited, who recently pulled out of the project following some ir...
Shell Alleged ‘Toxic’ Dump Site Uncovered In Rivers

Shell Alleged ‘Toxic’ Dump Site Uncovered In Rivers

BUSINESS, NEWS, NIGER DELTA
  A toxic dump site belonging to the Shell Petroleum Development Company of Nigeria Limited has been uncovered in K-Dere community of Ogoniland. Speaking in Bori, headquarters of Khana local government area of Rivers State over the weekend, Publicity Secretary of MOSOP, Fegalo Nsuke said samples from the site had been tested in a U.K laboratory and the results have confirmed the toxicity of the site. "We have been briefed by MOSOP leader, Ledum Mitee, on the situation in K-Dere where a toxic dump belonging to Shell had been uncovered. We have also visited the site to see things for ourselves." Nsuke said Shell had buried the wastes in the Ogoni community for years but intense heat forced the buried substance to become exposed late last year prompting community investig...
PSML, Former DSC To Come Alive Again, To Be Inaugurated In March

PSML, Former DSC To Come Alive Again, To Be Inaugurated In March

BUSINESS, NEWS
Premium Steel and Mines Limited, formerly Delta Steel Company (DSC) Ovwian/Aladja is to commence its first phase of production in March, BigPen Online can report. This is coming as the resuscitated Aladja Steel complex is scheduled for commissioning on Friday March 2, 2018. Chief Executive Officer and Managing Director of Premium Steel and Mines Ltd, Mr Prasanta Mishra, who confirmed this on Monday while speaking to newsmen in his office, said that Governor Ifeanyi Okowa is expected to flag off the company’s first phase of production scheduled for March. According to him, with this development, Nigeria’s hope of steel production as backbone for industrial development would come alive as Premium Steel and Mines Limited is set to meet some 50% of Nigeria’s long steel product nee
115 Get Dangote Cement Multimillion Naira Scholarship In Host Communities

115 Get Dangote Cement Multimillion Naira Scholarship In Host Communities

BUSINESS, COMMUNITY REPORT
  In a major boost to its Corporate Social Responsibility profile, Dangote Cement Plc, Ibese Plant has announced a multi-million Naira educational scholarship award for 115 students from its 15 host communities for the 2017/2018 academic session. The Company said the scholarship has become an annual event meant to contribute to the educational development of the people and the area and position them in right place in the scheme of things in Ogun state and Nigeria in general. Acting Plant Director of Dangote Cement, Ibese, Mr. Louis Raj, while speaking during the presentation of cheques to the beneficiaries at Ibese Plant explained that the management decided to increase the number of beneficiaries to 115 from the previous 80 so that more children of the area could benefit...
Okowa Plans Aggressive Industrialisation Of Delta State – Otuaro

Okowa Plans Aggressive Industrialisation Of Delta State – Otuaro

BUSINESS, NEWS
*Assures Investors of a safe Delta Delta Sate Deputy Governor, Barr. (Deacon) Kingsley Otuaro has said that the Kwale Industrial Park (KIP) project is model for aggressive industrialisation of Delta State by Governor Ifeanyi Okowa who has created enabling environment in Delta State for investors to leverage on. Otuaro, who represented Governor Ifeanyi Okowa in leading the Delta State delegates to the just-concluded Nigeria International Petroleum Summit (NIPS) in Abuja, said at the summit that the SMART Agenda of Governor Okowa was pivoted on and remains committed to peace and beckoned on investors to come to Delta. At its stand at the Petroleum Summit, Delta State showcased its Kaolin, Lignite, Bitumen, Silica and potentials of other solid minerals which can be investors’ del
Nigeria’s Finance Minister, Adeosun To Speak At Africa Islamic Finance Forum

Nigeria’s Finance Minister, Adeosun To Speak At Africa Islamic Finance Forum

BUSINESS, NEWS
  Nigeria's Finance Minister, Mrs Kemi Adeosun will give the opening address at the 3rd Africa Islamic Finance Forum (AIFF) slated to hold in Lagos between 27 to 28, March 2018. The event is being packaged by the Federal Ministry of Finance in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group. The exclusive event is designed specifically for the benefit of local and international market players to explore development opportunities in Islamic finance in Africa – focusing on building the market and exploring the huge potential through inward investment and international collaboration. With full government support and hosting some of the most influential decision-makers in the industry from coun
NCDMB Targets 3,000 Jobs With $200 Million Intervention Fund

NCDMB Targets 3,000 Jobs With $200 Million Intervention Fund

BUSINESS
  The Executive Secretary, Nigerian Content Development and Monitoring Board, Mr. Simbi Wabote, has said the recently launched $200 million Nigerian Content Intervention Fund is targeted at deepening local content participation in the oil and gas industry in the country. Wabote, who made this known on Monday at a news conference in Yenagoa, Bayelsa State, also said that as part of the NCDMB’s 10-year strategic plan, the board hoped to create over 3,000 jobs in the country, including indirect employment. The executive secretary, according to agency report, explained that since the Local Content Act was enacted in 2010, the oil and gas sector had witnessed tremendous growth in terms of what the country had been able to draw back and domicile locally. Wabote said, "Prior
Delta To Build 30,000bpd Modular Refineries

Delta To Build 30,000bpd Modular Refineries

BUSINESS, NEWS
  The Delta State Government on Monday announced that it would commence the construction of three modular refineries with total crude refining capacity of 30,000 barrels per day before the end of this year. It also stated that it had met with the Department of Petroleum Resources on the matter and was expecting a letter of approval from the oil sector regulator in order to commence work on the projects. The Commissioner for Oil and Gas, Mofe Pirah, who disclosed this at the ongoing Nigerian International Petroleum Summit in Abuja, however, decried the rigorous process required in obtaining approvals for setting up refineries in Nigeria. He said, “Delta State already has three modular refineries waiting to take off now. One in Sapele, one in the Kwale axis, and one in O