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  • Stop political interference in NNPC — PENGASSAN

    The Petroleum and Natural Gas Senior Staff Association of Nigeria has urged President Muhammadu Buhari to halt political interference in the operations and activities of the Nigerian National Petroleum Corporation, as part of the ongoing reforms in...

    • Posted August 12, 2015
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  • NERC, SON sign agreement on safe, reliable electricity usage

    The Nigerian Electricity Regulatory Commission (NERC) has signed a fresh agreement with the Standards Organisation of Nigeria (SON) to ensure strict adherence to safety and reliability standards in the generation, transmission, distribution and consumption of electricity in...

    • Posted August 12, 2015
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  • Dangote Cement declares N121.8bn half-year profit

    Dangote Cement posted a profit after tax (PAT) of N121.808 billion in the six-month period ended June 30, 2015, indicating a 21.65 per cent increase over the N95.440billion announced for the same period of 2014. According to...

    • Posted August 12, 2015
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  • Economic growth to slow on Buhari’s cabinet delay

    Renowned economist and Chief Executive Officer, Financial Derivatives Company Limited, a research and investment advisory firm, Mr. Bismarck Rewane, says economic activities will remain slow in the second half of the year until the Muhammadu Buhari-led administration...

    • Posted August 12, 2015
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  • We have capacity to secure airspace – NAMA

    The Nigerian Airspace Management Agency says it has the technical capacity and competence to secure the nation’s airspace over the Gulf of Guinea. The agency’s acting General Manager, Public Affairs, Mrs. Olajumoke Adetona, told the News Agency...

    • Posted August 12, 2015
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  • Massive fuel imports continue as refineries fail

    Despite claims that Nigeria’s refineries are now operational, the country will have to depend largely on imported petrol in the third quarter of 2015. It was learnt on Monday that import allocation for petrol was given to...

    • Posted August 12, 2015
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  • PenCom recovers N6.7bn from defaulting employers

    The National Pension Commission has recovered N6.7bn from employers who have been deducting pension contributions from their workers’ monthly salary but not remitting the same to the employees’ Retirement Savings Accounts. A report obtained by our correspondent...

    • Posted August 12, 2015
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  • Power Bulk Trader to cut PPAs negotiations timeline to six months

    The Nigeria Bulk Electricity Trading (NBET) Plc said it has made some major improvements in the content of Power Purchase Agreements (PPAs) to be negotiated and deployed by potential investors for setting up greenfield power generation plants...

    • Posted August 12, 2015
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  • Kachikwu invites traders on oil swaps, OPAs, funds recovery

    Following the carte blanche given by President Muhammadu Buhari to clean up the Nigerian National Petroleum Corporation (NNPC) and plug the leakages in the state-run oil firm, its new Group Managing Director, Dr. Emmanuel Kachikwu, will from...

    • Posted August 11, 2015
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  • Nigeria’s policy direction will soon be clear – Moghalu tells foreign investors

    A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Chiedu Moghalu, has advised global economic players, investors and capital allocators not to fret over Nigeria’s delayed cabinet appointments. Moghalu stated this in a...

    • Posted August 11, 2015
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  • NIMC enables use of identification number in banks

    The National Identity Management Commission on Thursday said it had completed all plans to deploy the National Identification Number authentication and verification service link to all Ministries, Departments and Agencies and banks. The General Manager, Information Technology...

    • Posted August 11, 2015
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  • Trading, oil & gas sectors lead list of banks’ bad debtors

    As commercial banks in the country continue to name and shame defaulting customers, THISDAY’s assessment of 16 banks which published their list of bad debtors last week, has shown that the total amount of non-performing loans (NPLs)...

    • Posted August 11, 2015
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  • PH Refinery to resume production this week

    Hope for Nigeria’s less-dependent on imported petroleum products has been renewed as the Port Harcourt Refinery will this week resume full production of petrol, when Chrome Oil Services Limited would have completed the rehabilitation of Area 3,...

    • Posted August 11, 2015
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  • IPMAN challenges depot’s sanction threat against marketers

    The Independent Petroleum Marketers Association of Nigeria has said it is illegal for a depot owner to sanction marketers who lift products from its tank farm. According to IPMAN, the importation of petrol into Nigeria is largely...

    • Posted August 11, 2015
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