Nigeria’s Debt Profile Hits N32.92trn
The National Bureau of Statistics (NBS),says public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. The current debt profile was for the
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No Report Of Spill In Our Oil Fields-Chevron
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation,has faulted report of an alleged oil spill from Abiteye, Makaraba and Utonana Fields in CNL’s western area
Seplat Issues $650 million 5-year Senior Notes
Seplat Petroleum Development Company Plc ,has priced its offering of $650 million in aggregate principal amount of senior notes due 2026 (the “Notes”). The Notes priced at a yield of 7.75%, representing
Shell,Uniport Inaugurate Aret Adams Chair For Petroleum Engineering
Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC Joint Venture, and the University of Port Harcourt in Rivers State have appointed Sunday Ikiensikimama, a professor of Petroleum
Tinubu A Great Democrat– APC, PGF
Governors of the All Progressives Congress (APC) under the platform of the Progressive Governors Forum (PGF) have felicitated with Asiwaju Bola Ahmed Tinubu, as he clocked 69. describing the APC national leader
SEC Fixes N50m Paid Up Capital For Warehousing, Collateral Mgt companies
The Securities and Exchange Commission, SEC, has fixed N50 million as minimum paid up capital for warehousing and collateral management companies in Nigeria . The agency explained that the new rules would
DisCos Billed Consumers N816.15bn Last Year-NERC
The Nigerian Electricity Regulatory Commission(NERC), has said that 11 Discos across the country billed electricity consumers N816.15bn in 2020 The agency,in its financial report,however said consumers paid a total of N542.73bn to
Flight Cancellation:Court Fines Ethiopian Airlines N7m
A Lagos Federal High Court has awarded a fine of N6 million as general damages against Ethiopian Airlines Limited for cancelling three Nigerians’ flights without due notice to the plaintiffs. In his
EndSARS: Osun Panel Concludes 23 Cases
The Osun State Judicial Panel of Inquiry probing cases of police brutality,says all the 34 petitions brought before it had been concluded. Of the 34 petitions, 11 were struck out for being
FG Rakes In N538bn From Ports Taxes
The Director-General of the Bureau of Public Enterprises, Mr Alex Okoh, has disclosed that the Federal Government saved over N500bn from the privatisation of the ports infrastructure. Okoh,who was represented by Director,
CBN Restates Commitment To Industrial Growth
The Central Bank of Nigeria(CBN) has restated its commitment to the growth of local businesses and industrial sector in the country. Acting Director, Corporate Communications Department of the CBN, Mr Osita Nwanisobi,
