Business and Economy

The Nigerian National petroleum Corporation (NNPC) has expressed its readiness to support indigenous fleet owners to enjoy greater patronage and participation in the oil and gas maritime business in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, gave the assurance while playing host to members of the Nigerian …

Leading international logistics company, Global Ultra Logistics, is offering an unbeatable yuletide promo for all users of their services in Nigeria and abroad. The Big Offer, which started on November 15, 2020 and will last till January 31, 2021 involves a 50 percent discount on all shipments from the United …

By Maureen Okon Abuja, Dec. 3, 2020 The National Association of Nigerian Traders (NANTS) and the Nigerian Union of Traders Association in Ghana (NUTAG) on Thursday praised the Federal Government over its planned evacuation of citizens from that country. The groups lauded the Federal Government at an Inter-Ministerial Committee meeting …

Former Head of State, General Yakubu Gowon (Rtd), has called for partnership between the public and private sectors in order to come up with innovative ways of resolving the transportation challenge in the country. Gowon spoke on Tuesday in Abuja at the opening of the Second National Transport Summit organised …

As a means of supporting livelihood to host communities impacted by the 54km gas pipeline to the Fertiliser plant, Dangote Fertiliser Limited (DFL) embarked on a programme to empower 150 Project Affected Persons(PAPs) through a cassava enterprises programme. The programme was geared towards mitigating the negative impact of the land …

William Attah, Gombe Gombe State Government has handed over 5.4 hectares of land to the Nigeria National Petroleum Corporation (NNPC) for the establishment of a 200 bed capacity hospital and diagnostics centre along Gombe bypass road. Presenting the signature plan and title documents of the land to the Group Managing …

A Federal High Court sitting in Yenagoa on Wednesday adjourned to Feb 25, 2021 to await the ruling of the Court of Appeal on an interlocutory appeal by an Aiteo subsidiary in a suit with its host communities in Bayelsa. Justice Abimbola Awogboro had on March 3, 2020 declined to …

President Muhammadu Buhari Tuesday in Abuja appreciated Nigerians and Organized Labour for restraint, understanding and patience as the country tackles myriad economic challenges, assuring that the Federal Government is working hard to ameliorate the situation. Speaking at a virtually held event at the State House to unveil National Gas Expansion …

As the country continues to battle the economic recession that recently engulfed it, the Vice Presidential Candidate of the Peoples Democratic Party (PDP) in the 2019 elections, Mr Peter Obi, has given out what can be described as a pathway to economic recovery. Obi, who spoke on Arise TV on …

The lingering tussle over who owns the Aba ring-fenced area between Geometric Power and Interstate Electric( Owners of the Enugu Electricity Distribution Company (EEDC) has finally been laid to rest with the signing of the Asset Sale Agreement (ASA) between the two companies. At the signing ceremony on Wednesday, November …

Transcorp Power Consortium has paid an equivalent of N26.25billion being 25 percent of the N105.3billion winning price for the Afam Power Plc to formally takeover the assets of the company. Announcing the payment at the formal handover of the company to the new owners on Thursday, November 27, 2020, Director …

The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its commitment to transparency and accountability. Chairman of the Joint Committees, Hon. Musa Sarki Adar, gave the commendation at a 2021 Budget Defense hearing, which …

On Friday last week, Mallam Mele Kolo Kyari, Group Managing Director of Nigeria National Petroleum Corporation (NNPC), held an engagement with energy editors across diverse media platforms. Yours truly was invited. I currently serve as media adviser to President Muhammadu Buhari, but I remain essentially a newspaper man. There’s nothing …

The Senior Special Assistant (SSA) on Legal Affairs to the Zinox Chairman, Leo Stan Ekeh, Barrister Reginald Obiakor, has cleared the air on the controversy surrounding the troubled Nigerian healthcare firm, HealthPlus and the alleged involvement of Mr. Ekeh, in the company’s crisis with its investors, Alta Semper, a private …

The 5,000 barrels per day Waltersmith Modular Refinery at Ibigwe Field in Ohaji Egbema Local Government Area of Imo State, Nigeria was inaugurated virtually by President Muhammadu Buhari on Tuesday, November 24, 2020 in State House, Abuja. But on ground at the project site to represent him and cut the …

Unidentified persons on Monday attacked oil facilities operated by Shell Petroleum Development Company (SPDC) and Nigerian Agip Oil Company (NAOC) at Ikarama community, Yenagoa Local Government Area of Bayelsa. Mr Ben Warder, a youth leader in Ikarama near the incident site, said on Tuesday that residents heard several sounds from …

By Lydia Ngwakwe Lagos, Nov. 23, 2020 The Central Bank Governor, Mr Godwin Emefiele, is to present the banking industry’s scorecard for 2020 at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN), on Nov. 27. Emefiele is also expected to provide economic insight …

·      Defence Minister, Amaechi, CNS inspect Deep Blue Project facilities  ·      Buhari fulfilling long national dream – Transport Minister ·      It’s a new dawn for maritime – Jamoh  As Nigeria gets set to deploy maritime security assets acquired under the Integrated National Security and Waterways Protection Infrastructure, members of the Deep Blue Project …

Dublin, Nov. 23, 2020 U.S. computer and software maker Microsoft is hiring 200 engineers in Ireland and will build a new “engineering hub” to bolster its operations in the country, where it employs 2,500 people. Microsoft Ireland announced on Monday that “recruits will be involved in the development of new …

Hon. Fred Agbedi who represents Sagbama/Ekeremor Federal Constituency in Bayelsa on Saturday said that the legislature lacks the powers to control funds appropriated for constituency projects. Agbedi, who spoke during an interactive session with community leaders at his Zonal Intervention Project for empowerment of 30 beneficiaries from his constituency noted …

By Edith Ike-Eboh Abuja, Nov. 20, 2020 The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said that President Muhammadu Buhari never interfered in the operations of the Corporation. Kyari disclosed this at a media interaction with National Association of Energy Correspondents in Abuja, …

The Senate Committee on Gas has commended the Nigerian National Petroleum Corporation (NNPC) on the various gas development projects it has undertaken, especially the Ajaokuta- Kaduna- Kano (AKK) gas pipeline project. Speaking during the 2021 Budget Defense and Performance Appraisal meeting with officials of the Corporation which held at the …

The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. Group Managing Director of the Corporation, Mallam Mele Kyari, stated this while delivering a goodwill message at the opening …

Following the order of Honourable Justice R.M. Aikawa of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken possession of twelve prime assets belonging to Barrister Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited in Lagos …

TD Africa, Sub-Saharan Africa’s foremost tech, lifestyle and solutions distributor, says it has put together unmatched deals and rock-bottom prices on a wide variety of products for its Burgundy Friday Garage sale. The Garage sale is scheduled for Friday, November 20, 2020 from 10am. Equally important, the sale fiesta is …