Category: Business
NNPC/NPDC unveils LPG facilities to boost LPG consumption
As part of concerted efforts to fast track the consumption of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, the Nigerian National Petroleum Corporation...
S/Court never ordered AMCON to pay Bi-Courtney N132b
Assets Management Corporation of Nigeria (AMCON), has denied areport that the Supreme Court, has ordered it to pay the sum of N132 billion to Bi-Courtney as report...
SAHCO makes history, listed on NSE
History was made Tuesday April 23 2019 on the floor of Nigerian Stock Exchange (NSE), when Skyway Aviation Handling Company (SAHCO’s), shares were listed on the...
Finally, AMCON takes over Micmerah International Agency Limited
A Federal High Court sitting in Awka, the Anambra State capital in Suits No. FHC/AWK/CS/101/2018 and No. FHC/AWK/CS/102/2018 has ordered the Asset Management Corporation...
BMO applauds FG’s re-jig of Agric Bank, $21b savings on import
The announcement by the Minister of Agriculture Dr Audu Ogbeh of the recapitalization and general restructuring of Bank of Agriculture is a most welcome development that...
NNPC clears air on alleged $22 billion brass LNG project cost
Contrary to speculation that the Brass LNG has gulped $22 billion, the Nigerian National Petroleum Corporation (NNPC) has confirmed that the actual historical amount...
Petrol landing cost now N180 per litre, says Kachikwu
The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr...
Develop models for predicting oil industry boom-burst cycle, Baru tells energy economists
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on members of the Nigerian Association of Energy...
Oil slips to $71, hit by talk of higher OPEC+ production
Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with...
Fear of fuel scarcity grips Kano
There is fear of fuel scarcity in some local government areas of Kano State on Monday, following the reluctance of some marketers to dispense the Premium Motor Spirit...
