Category: Business
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...
Total banks on Nigeria for 3m daily global output target
French super oil major, Total, is banking on Nigeria for its target surge its output to 3 million barrels of oil equivalent per day in 2019. The company, which will soon...
Brands shine at Abule Egba Mega trade fair
Brands have continued to enjoy patronage at the Abule Egba Mega Trade Fair in Lagos. One of such brands at the fair is Bukola Oriola Productions who is out to maximise...
N145 per litre petrol price fuels smuggling into Togo, Benin- PPMC
Managing Director of the Petroleum Products Marketing Company (PPMC), Mr. Umar Ajiya, has declared that the N145 per litre price of Premium Motor Spirit (PMS) also know...
