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Business
NNPC Denies Media Reports On Staff Strength
The Nigerian National Petroleum Corporation NNPC says it has neither seventy thousand staff in its employ nor is embarking on a staff
performance probe.
The clarification is sequel to reports in a section of the media insinuating that…
CBN Grants National License To Diamond Bank
The Central Bank of Nigeria (CBN) has granted Diamond Bank Plc, approval to operate as a national bank following its application for it.
The bank’s Chief Executive Officer, Mr Uzoma Dozie, said this in a statement signed by the bank’s…
NNPC Saves $30m On Insurance Premium In 3 years – Baru
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru on Thursday said that the corporation had saved 30 million dollars from insurance premium in the past three years.
Baru disclosed this at the…
2018: Nigeria DGP To Grow At Less Than 2% – World Bank
The World Bank expects Nigeria’s economy to grow slightly less than 2 percent this year, largely driven by the non-oil industry and services sectors, as the approach of elections keeps foreign investors away, it said on Wednesday.…
3 Modular Refineries Becomes Operational Next Year – Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that three out of the 40 planned modular refineries would likely come on stream by end of 2019.
Kachikwu disclosed this at the three-day Biennial International…
Recapitalisation: Shareholders Laud NAICOM’s Cancellation
Shareholders on Monday commended the National Insurance Commission (NAICOM) over the cancellation of the Tier Based Solvency Capital recapitalisation.
The shareholders under the aegis of the Independent Shareholders Association of…
How Nigeria Loses $6bn From ‘Corrupt’ Oil Deal Linked To Fraud
A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing an estimated $6bn.
The campaign group Global Witness has calculated the OPL 245 deal in 2011 deprived…
NLNG Plans $4b Gas Project
The Nigerian Liquefied Natural Gas Limited (NLNG) is planning to hire Nigerian companies to develop Train 7 gas project expected to commence soon to increase gas production to 30 million tonnes yearly.
The project which would cost over…
How 12m Nigerians Turned Farmers In 2 Years
The agriculture sector has significantly reduce the rate of employment in the country as over 12 million Nigerians have ventured into rice production in the last two years.
President Muhammadu Buhari disclosed this at the 4th Nigeria…
Buhari To Commission Power Plant
The Edo-Azura Power Plant in Edo state is to be commissioned by President Muhammadu Buhari on November 27.
The Special Adviser to the Edo Governor on Media and Communication Strategy, Mr Crusoe Osagie, on Wednesday noted that…