Mr. Wale Tinubu, the Managing Director, Oando Plc on Thursday said that the company would seek approval from the Federal Government for the refurbishment of one or two refineries. The Company’s facts behind the figures at the Nigerian Stock Exchange (NSE) in Lagos, show that refurbishment of the refineries would enable the country to end […]
Continue Reading
Fifteen ships are discharging petroleum products and other commodities at the Lagos ports, the Nigerian Ports Authority (NPA) said on Wednesday. NPA said that the ships were also discharging general cargoes, buck wheat, frozen fish, diesel, container, base oil and bulk gas. The News Agency of Nigeria (NAN) reports that 31 ships laden with petroleum products, food […]
Continue Reading
The Senate on Wednesday approved the harmonised version of the Agricultural Credit and Guarantee Scheme (Amendment) Bill, 2017. This followed the consideration of report of the Conference Committee on the bill, which was passed by the Senate and the House of Representatives. Presenting the report, Chairman of the Joint Committee of both chambers, Sen. Abdullahi […]
Continue Reading
The Nigerian Agip Oil Company (NAOC) has accepted to build a 150,000 barrels per day refinery in either Port Harcourt or Brass worth 15 billion US dollars, the Minister of State, Petroleum, Dr Ibe Kachikwu said on Tuesday. Kachikwu briefed State House Correspondents on the deal after a meeting with acting President Yemi Osinbajo with […]
Continue Reading
The first phase of Ajaokuta Steel Company will provide 500,000 upstream and downstream employment when it becomes operational. Mr Isah Onobere, the Sole Administrator of the company, told journalists on Friday that the first phase of the plant would also provide direct employment for 10,000 technical staff when inaugurated. He also said the first phase […]
Continue Reading
The Nigeria National Petroleum Corporation, NNPC, has reiterated its appeal to the public to disregard any announcement of recruitment or invitation to its interview. The Group General Manager, Group Public Affairs Division, Ndu Ughamadu, made the disclaimer in a statement in Abuja on Friday. According to him, the announcement is the third in recent times […]
Continue Reading
Thirty-six ships laden with petroleum products, food items and other goods are expected to arrive in Apapa and Tin-Can Island Ports in Lagos from May 4 to May 29, according to the Nigerian Ports Authority (NPA). NPA said they are bringing into the country items such as buck wheat, bulk gypsum, bilk salt, general cargo, base oil, […]
Continue Reading
The minister of state for petroleum, Ibeh Kachikwu, says the licences of private oil refineries that are yet to be utilised will be withdrawn. Kachikwu said this at a media briefing on the sidelines of the ongoing annual Offshore Technology Conference in Houston, US. The administration of former President Olusegun Obasanjo had given some individuals […]
Continue Reading
The National Bureau of Statistics (NBS) said Nigeria’s foreign debt stood at 11.41 billion dollars while its domestic debts was N14.02 trillion respectively in 2016. The NBS stated in “Nigerian Domestic and Foreign Debt – 2016’’ data, posted on its website on Wednesday in Abuja, that the sum reflected the states’ and Federal debt stock. […]
Continue Reading
The Central Bank of Nigeria (CBN), on Tuesday, barred First Bank, Guaranty Trust Bank and 12 others from dealing in the Small and Medium Entreprises (SME) wholesale Forex window. The other banks affected by the order are FCMB, Keystone Bank, Main Street Bank, Stanbic IBTC, Citi Bank, Enterprise Bank, Ecobank, and WEMA Bank. United Bank for […]
Continue Reading