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1. ExxonMobil has announced its discovery of up to 100 million barrels of oil in Owowo offshore fields, Bayelsa State.

2. The Lagos Chamber of Commerce and Industry, LCCI has stated the recent admission of 169 new firms into the chamber, making up the figures to a total of 243 firms admitted between April and October this year.

3. According to the newly inaugurated Presidential Committee on North-East Initiative (PCNI) to rehabilitate regions destroyed by the Boko Haram insurgency, $9 billion is estimated to have been lost in affected states.

4. To address various aspects of the oil industry, the Nigerian Senate is set to pass the Petroleum Industry (Governance) Bill, PIB, next week.

5. The Minister of Transportation, Rotimi Amaechi has set new guidelines for Customs agents, stating that renewal or issuance of license must first be cleared by the Council for the Regulation for Freight Forwarders (CRFFN).

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This article was first published on 28th October 2016 and updated on January 27th, 2017 at 3:03 pm

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