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Nigeria’s $1.5bn Annual Spend On Diary Products Import Regrettable ― Minister

Alhaji Sabo Nanono,the Minister of Agriculture and Rural Development, Alhaji Sabo Nanono has regretted that Nigeria spends about $1.5 billion importing dairy products annually. He expressed that despite the potentials in the

4 years ago

by Mohammed Shosanya

NNPC Considers Equity In Private Refineries

The Nigerian National Petroleum Corporation has said that it is currently considering equity participation in a number of private refineries in the country. The Corporation’s spokesman,Dr.Kennie Obateru,explained that the decision is in

4 years ago

Oil&Gas

Nigeria Wasted 40m Barrels Of Crude Oil For 11 Years

The Federal Government said Nigeria left over 40million barrels fallow in 11 fields for 17years. It also said that of 7,000 oil reserves that have been discovered in the country, only 1,700

4 years ago

Oil&Gas

First Bank CEO Wins Champion Newspaper Award

The Managing Director /Chief Executive Officer of First bank Ltd, Dr Adesola Adeduntan, has emerged winner of Champion Newspapers 2020 Banker of the year award. Besides, in the corporate award category, Access

4 years ago

Banking&Finance

COVID-19 Act: Lagos Slams Fresh Sanctions On Defaulters

The Lagos State Government has disclosed that individuals who violate the new State Coronavirus Act of 2021 would pay fines of up to N500,000 and/or imprisonment of up to five years. The

4 years ago

News

We’ll Fish Out Gulak’s Killers -Buhari

President Muhammadu Buhari has expressed outrage and disgust over the murder of Adamawa politician Ahmed Gulak in Owerri, Imo State by yet to be identified gunmen.” He said: “I’m repulsed by such

4 years ago

News

NEITI, DPR To Identify Owners Of Oil,Gas Assets

The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Department of Petroleum Resources (DPR) have agreed to work together to deepen Nigeria’s implementation of Contract Transparency and Beneficial ownership disclosures. The agency’s

4 years ago

Oil&Gas

AMCON Sues 3000 Defaulters Over N5trn Debt

The Asset Management Corporation of Nigeria says it has sued about 3,000 debtors as part of the measures to narrow bad debts in the nation’s financial institutions. The agency conveyed this

4 years ago

Law/Human Rights

Shell,Rivers Govt. Float Multi-Billion Naira Cassava Company

Shell has inaugurated a multi-billion-naira Rivers Cassava Processing Company Limited built in partnership with the Rivers State Government, Vieux Manioc BV of the Netherlands, and the embassy of The Netherlands in Nigeria.

4 years ago

Agriculture

Total Transforms,Changes Name To TotalEnergies

French multinational oil company,Total has been renamed,TotalEnergies. The resolution to change the company’s name from Total to TotalEnergies, was unanimously approved at its ordinary and extra ordinary shareholders meeting on Friday thereby

4 years ago

Oil&Gas

Presidency Extended N2 trillion Bailout For States In Three Years

The Presidency has flaunted the achievements of the Buhari administration over the last six years. The President’s Special Adviser on Media and Publicity, Mr. Femi Adesina,said the Buhari administration extended more than

4 years ago

News

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