Home / Business and Economy (page 5)

Business and Economy

Total Energies visits NCDMB, reconfirms FID for Ubeta Project in 2024; Others underway

Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed on Thursday that the company would take the final investment decision (FID) on the …

Read More »

NCDMB Exec Sec visits NUPRC, NIACOM, outlines collaboration opportunities

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe and the Commissioner for Insurance of the National Insurance Commission (NAICOM), Mr. Sunday Olorundare Thomas at their …

Read More »

CBN disburses $61m to foreign airlines to settle mature foreign exchange backlog 

CBN Governor, Yemi Cardoso By Kadiri Abdulrahman Abuja, Jan. 7, 2024 The Central Bank of Nigeria (CBN), says it has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs. Hakama Sidi-Ali in Abuja on …

Read More »

Dangote reacts to EFCC’s visit to its Headquarters …Says agency only visited, not raided head office

Management of Dangote Industries Limited has doused the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC) saying it was ready to assist the Commission in its investigations.  The foremost indigenous conglomerate in a statement disclosed that …

Read More »

Dangote Refinery receives fifth one million barrels of crude oil cargo; 6th cargo next week

Dangote Petroleum Refinery, on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL), on Thursday. The company is already preparing to welcome the 6th one million crude oil cargo to the refinery, by next week. This latest …

Read More »

No increase in PMS prices, NNPC Ltd. assures Nigerians

The Nigerian National Petroleum Company (NNPC) Ltd. has dismissed as unfounded rumours of an imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. While urging Nigerians to disregard the rumours, the conglomerate, in a statement by Olufemi O. Soneye, its Chief Corporate Communications Officer, assured that there are no …

Read More »