Unemployment will continue to rise in the coming years, as the global economy has entered a new period combining slower growth, widening inequalities and turbulence, warns a new ILO report.
By 2019, more than 212 million people will be out of work, up from the current 201 million, according to the World Employment and Social Outlook – Trends 2015 (WESO).
THE Department of Petroleum Resources, DPR, in Eket, Akwa Ibom, said it sealed 60 petrol stations in the state between January and December last year.
The DPR Controller of Operations in Eket, Asuquo Antai, disclosed this in a statement made available to newsmen
Mr. Antia said that the stations were sealed for selling petroleum products above the government-approved pump price , under dispensing and operating without license.
THE Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, said the decision by the The Federal Government to reduce the price of petrol from N97 to N87 per litre was informed by the falling oil prices in the international market.
The Minister said: “As you may be aware, there has been a lot of volatility in the oil market in the past few months and due to this the importation prices of our petroleum products have been impacted.
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The minister of Power, Prof. Chinedu Nebo has said that N162.9 billion Zungeru Hydro Power Dam Project in Niger State if completed, will boost electricity supply with 700 megawatts.
In a statement made available to news men the minister added that the project was in partnership with two Chinese firms based on 1.7 billion dollars counterpart fund approved by the National Economic Council.
The Principal Manager, Public Affairs Division, Eko Electricity Distribution Company (EKEDC), Mr Ademola Adegoke has said that EKEDC would soon commence the installation of smart meters to its consumers.
Lagos Chamber of Commerce and Industry President ,Alhaji Remi Bello has said , there’s no justification for budgetary provision by the Federal Government for petroleum products subsidy.
THE upstream and downstream oil and gas exhibition and conference will be held in Abuja next year, organizers have confirmed.
Said to be the largest indigenous and most-established oil and gas event in West Africa, it is estimated to attract over 2 000 conference delegates, exhibitors, speakers and visitors from across the globe.
Partners of the multimillion dollar Brass Liquefied Natural Gas project have stated their resolve to appropriate the 17 per cent shares that were left by ConocoPhillips, when it opted out of the project last year,
The Chairman of the board of Brass LNG, Dr. Jackson Gaius-Obaseki, indicated this in a statement made available to newsmen.
Toru local government area of Rivers state is a major oil producing community in the Niger Delta. It is a host community to Chevron and an impact community to Shell. Sadly inspite of the huge oil resource generated from the community the area can hardly boast of appreciable government presence.
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The Federal Government said that is has signed three Memorandum of Understanding (MoU) with three different renewable energy companies – Solius NGPC; the Peoples Home Association and Solar Force Nigeria Limited for the production of solar power across the country.
In a release from the Publicity Department of the Ministry of Power, it noted that apart from power generation, these companies would also provide training for indigenous staff.