Nigeria’s minister of state for petroleum resources, Ibe Kachikwu, yesterday (Monday) spoke at the sixth African Petroleum Congress in Abuja, where he gave a fine rendition of a poem on oil, expressing assurance that its prices would rise again. Kachikwu said the prices may not rise too high, but they would also not stay too low. […]
Continue ReadingNigeria’s President Muhammadu Buhari, has appointed Dikko Radda as director-general of Small and Medium Enterprises Development Agency of Nigeria, SMEDAN. The announcement of Dikko Radda is contained in a statement from the office of the Secretary to the Government of the Federation, Babachir Lawan, who said the appointment is for a period of five years. […]
Continue ReadingInternational Energy Agency (IEA), has reported that Nigeria, Iraq and the United Arab Emirates, are responsible for the rise seen in oil prices. Giving its latest Oil Market Report (OMR) on Friday, the International Energy Agency (IEA) said that disruption in the production levels of these three countries saw a cut in oversupply to the […]
Continue ReadingNigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, has stated that the federal government has not unbundled the Nigerian National Petroleum Corporation, NNPC, but only restructuring. The minister who spoke to state house correspondents, said he was alarmed by reports that the NNPC had been split into separate entities. “We have not unbundled NNPC. […]
Continue ReadingIn accord with the announcement made by the Minister of State for Petroleum Resources, Ibe Kachikwu, the federal government has split the Nigerian National Petroleum Corporation (NNPC) into seven independent operational units. Mr. Kachikwu, announced this in Abuja on Tuesday, giving the new units as upstream, downstream, gas and power, refineries, ventures, corporate planning and […]
Continue ReadingPresident Muhammadu Buhari, Tuesday during a press conference he held with the visiting South African president, Jacob Zuma, at the State House presidential villa in Abuja, has stated that the Nigerian government was pushed to impose such giant fine on South African owned telecoms firm, MTN, because it was discovered that the sale of unregistered […]
Continue ReadingGlobal Davos Switzerland Forum welcomes Lead Advisory as the first ever strategic partner from Nigeria…. WCF Davos Switzerland has entered into a strategic partnership with Lead Advisory Partners, for the 2016 World Communication Forum. Lead Advisory Partners is a specialized consultancy providing in-depth strategy, top level advise and sound execution guidelines to discerning corporate clients in […]
Continue ReadingNigeria’s four refineries lost a total of N5.7 billion in January, the state oil firm, NNPC, has said. This was disclosed in the NNPC’s Monthly Operations and Financial Report for January, released on Sunday in Abuja. “The Kaduna, Port Harcourt and Warri Refineries posted losses of N2.87 billion, N1.95 billion and N900 million respectively,” the […]
Continue ReadingFollowing the deadly clash that occurred between the Yoruba and Hausa communities at Mile 12 on Thursday and the subsequent closure of the market by the Lagos State Government, the Mile 12 Perishable Traders Association on Friday appealed to the State Government to reopen the market, in order to mitigate the financial losses that could […]
Continue ReadingMr. Godwin Emefiele, Governor of the Central Bank of Nigeria, has said over $20billion is lazed in domiciliary account of private individuals at a time when the country is facing foreign exchange crisis. Emefiele made this comment at a session of the joint committee on appropriation of the National Assembly yesterday. The CBN governor who […]
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