FG to grant mining licenses to only companies that process locally

The federal Government says it will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed. According to Segun Tomori, the spokesperson for the minister of solid minerals development, Dele Alake, to spur investment, the government will offer investors incentives including tax […]

President Tinubu issues new directives to improve investment in Oil & Gas

President Bola Tinubu has signed an executive order to improve the investment climate and position of Nigeria as the preferred investment destination for the oil and gas sector in Africa. His media aide, Ajuri Ngelale, disclosed in a statement that this is in keeping with the President’s commitment to remove obstacles to investments in Nigeria, […]

NARTO suspends its planned nationwide strike

The Nigerian Association of Road Transport Owners (NARTO) has suspended its planned nationwide strike. NARTO members had threatened to shut down all over the country beginning Monday over the high cost of automotive gas oil, also known as diesel, which is used to fuel their trucks for the movement of petroleum products across Nigeria. However, […]