Posts in category

BUSINESS

Category description is an optional


Nigeria loses billions daily as the JTF continues to steal oil in the Niger Delta

Read More

Chi wins most Innovative FMCG company award

Read More

Nigeria spent N836.67 billion on the importation of Premium Motor Spirit, PMS, also known as petrol, and other petroleum products in the second quarter of 2019, according to data obtained from the National Bureau of Statistics, NBS. Data obtained from the NBS Foreign Trade in Goods Statistics for the Second Quarter of 2019, showed that …

0 35

The current open market price for Premium Motor Spirit, popularly known as petrol is N163.68 per litre, the Petroleum Products Pricing Regulatory Agency stated on Monday. PPPRA stated on its website that the price of PMS as of November 15, 2019, was N163.68/litre, in contrast to the regulated pump price of N145/litre for which the …

0 34

Indigenous oil and gas company, Aiteo, on Sunday, lamented the incessant rate of attacks on its assets base by faceless individuals in host community. In a statement released to the media, Senior Manager, Corporate Communications, Ndiana Matthew, alerted stakeholders of the menace and described it as attempts to decimate the company’s production output. Read the …

0 39

Members of the Ghana Union of Traders Association (GUTA) at Opera Square in Accra, on Tuesday, shutdown fifteen more shops belonging to Nigerians bringing the number of shops to about 70. The latest showdown is part of GUTA’s plan to cripple Nigerian businesses in the nation’s capital. Nigerian businesses at the Tip Toe Lane at …

0 36

Residents of border communities in Ogun, Lagos, Adamawa, Katsina and Sokoto states are groaning following the Federal Government’s suspension of fuel supply to areas within 20 kilometres to the nation’s borders. On Thursday, the Comptroller General of the Nigeria Customs Service, Hameed Ali, had directed that no petroleum products should be supplied to any filling …

0 36

Halima Aliko Dangote has been appointed as the Group Executive Director, Commercial Operations of Dangote Industries Limited, one of Africa’s largest and most diversified business conglomerates. According to a release by the company, Halima is returning to the group after serving on secondment in several capacities across two of its business units over the last …

0 35

The Chinese government has asked the federal government to settle the legal dispute over the $5.8 billion Mambilla power project or it would not provide funds for the project. The China Gezhouba Group Corporation of China (CGGCC) and China Geo-Engineering Group Corporation (CGGC) had in 2006 won the bid for a joint venture to execute …

0 36

Vice President, Yemi Osinbajo, on Tuesday, received on behalf of President Buhari, a special message from the President of Nicaragua, Daniel Ortega, delivered by the Nicaraguan Minister of Foreign Affairs, Denis Moncada Colindres of the nation’s interest in Nigeria’s oil. In his remarks, Minister Colindres requested for both countries to collaborate on the supply of …

0 36

The first phase of the rehabilitation of the Port Harcourt Refinery has been completed, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said. Mr Kyari said at the Town Hall meeting of the staff of the corporation in Abuja on Tuesday that the successful completion of the first phase …

0 35