The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel per day. Mr Baru disclosed this on Tuesday when a delegation of the Nigerian Union of Journalists (NUJ) led by its President, Chris Isiguzo, visited his office in Abuja. “Since we came in July […]
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Ecobank Plc has been named Best Retail Bank in Africa 2019 at the prestigious African Banker Awards. The judges were especially impressed by how Ecobank’s state-of-the-art products, services, functionality and constant innovations provide 24/7 convenience, accessibility and affordability to meet the evolving needs and expectations of its customers across 33 African countries, whilst also successfully […]
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Trading on the nation’s bourse reversed losing streak on Friday, recording first gain in June with a marginal growth of 0.06 per cent. The All-Share Index rose by 17.55 points or 0.06 per cent to close at 30,046.70 against 30,029.15 achieved on Thursday. In the same vein, market capitalisation which opened at N13.225 trillion, inched […]
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Chinese phone manufacturer, Huawei, is set to ditch the Android operating system (OS) and replace with its own newly designed Hongmeng OS, a top official at the company has confirmed. Andrew Williamson, Vice President, Huawei Public Affairs and Communications, disclosed that the company would soon unveil its new OS soon. “Huawei is in the process […]
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President Muhammadu Buhari has issued a directive to the Central Bank of Nigeria (CBN) to blacklist any firm, its owner caught smuggling any of the 43 items ineligible for foreign exchange (forex). Godwin Emefiele, CBN governor, disclosed this during a meeting with oil palm producers in Abuja on Friday. In June 2015, the apex bank […]
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The Nigeria Customs Service (NCS) said on Thursday that its revenue generation has increased to the region of N5.5 billion daily. The Comptroller-General (CGC), Hameed Ali, made this known during a working visit to the headquarters of the National Association of Government Approved Freight Forwarders (NAGAFF) in Lagos. The CGC, who was represented at the […]
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The Nigerian National Petroleum Corporation (NNPC) on Sunday said it recorded N174.62 billion sale of white petroleum products in March. The corporation disclosed this in its March Monthly Financial and Operations Report (MFOR) released in Abuja. It says that March sales figure was higher than the N168.65 billion recorded in February. It explained that the total revenue […]
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A Federal High Court sitting in Abuja, on Friday ordered the Independent National Electoral Commission (INEC) to issue certificate of return to former Imo State governor, Rochas Okorocha and pay him N200,000 for failing to recognise him as the winner of the 2019 senatorial election in the state. In a judgement that lasted over four […]
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Ibom Air, the first commercial airline to be owned and operated by a state government in Nigeria and Africa, will begin full commercial operations on June 7, an official said. Ekerete Udoh, the Chief Press Secretary to Governor Udom Emmanuel, made this known in a statement on Thursday. Mr Udoh said that the airline, having […]
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Transcorp Hilton Abuja has been recognised as Africa’s Leading Business Hotel for the fifth consecutive year at the prestigious World Travel Awards. At the 2019 Africa & Indian Ocean Gala Ceremony, held at the Sugar Beach – A Sun Resort, Mauritius on 1 June, Transcorp Hilton Abuja scooped five of eleven awards won by Hilton […]
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