Category: Business
Nothing illegal about withdrawal from NLNG dividends – NNPC
The Nigerian National Petroleum Corporation (NNPC) has shed light on the probe of alleged illegal withdrawal from the Nigerian Liquefied Natural Gas (NLNG) Dividend...
Scarcity looms as fuel marketers reject FG’s plea, says 7-day ultimatum stands
Oil marketers and depot owners have rejected pleas and offers from the Federal Ministry of Finance, declaring that they had no agreement to halt shut down of their...
Oil marketers agree to make fuel available
The Independent Oil Marketers on Thursday agreed to supply fuel throughout the federation without hindrance. The Marketers had threatened to close down the depots if the...
AMPs will Bring N740 billion in recoveries – AMCON MD
The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has again pledged the full support of...
Nigeria loses $800m to pipeline surveillance contract’s breaches
Nigeria has lost over $800 million to breaches of contracts on surveillance and protection of the strategic 87-kilometre Trans Forcados Pipeline (TFP). The...
Scarcity: Snags as Independent marketers opt out of 7-day ultimatum
The Federal Government on Tuesday broke through the ranks of fuel marketers over seven-day ultimatum given to it to pay N800 billion subsidy claims. The Independent...
Interview: ‘Nigeria now depends almost 100 percent on importation of fuel’
Our refinery is going to operate efficiently, with targeted uptime of over 300 days per annum, because it is privately-owned. We will save all the oil producers in our...
Why NLNG dragged local firms into $4bn Train seven deals
The Nigeria Liquefied Natural Gas (NLNG) Limited has dragged local firms into taking full advantage of deals from its $4 billion Train 7 project ahead of the looming...
N800bn subsidy: Marketers beg FG as banks confirm 79 filling stations
Banks have confiscated multi-billion naira worth of assets including over 79 filling stations and nine tank farms from fuel marketers as the lenders heightened...
Fuel scarcity looms as marketers threaten depots’ shutdown
Acute shortage of Premium Motor Spirit (PMS) also known as petrol is looming as oil marketers on Sunday gave the Federal Government seven-day ultimatum to settle...
