OVH acquisition: Atiku goofed, here are the facts – NNPCL speaks
The attention of NNPC Ltd has been drawn to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar. In the…
NNPC gives update on Northern oil exploration, pledges continued support to FG for more crude output
The Nigerian National Petroleum Company Limited (NNPC) has provided updates on its crude oil exploration activities in the Northern part of the country, reiterating its commitment to achieving the Federal…
Investors lose N64bn to selloffs in Zenith, FBN Holdings, others
Investors in the Nigerian equity market lost N65 billion on Thursday due to selloffs in Zenith Bank, FBN Holdings, Transcorp Hotels and other stocks. The market capitalisation dropped by N64…
The plot to undermine the Dangote Refinery by Luke Onyekakeyah
Two recent events orchestrated by what I presume to be the j oil mafia in Nigeria, underscore the vicious plot to undermine the world acclaimed Dangote Refinery. First is the…
CBN records $553m remittance inflows for July
The Central Bank of Nigeria (CBN), has announced a record significant increase in remittance inflows of 553 million dollars in July. A statement issued by CBN’s Acting Director, Corporate Communications,…
Understanding DCSO Obligations – What the Law Says
The Domestic Crude Oil Supply Obligations (DCSO) is a provision in sections 109 of the Petroleum Industry Act signed of 2021 that requires all joint venture partners in unregistered joint…
FG to begin crude oil sales in Naira October
Aug. 19, 2024 The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October. This is according to a statement by the…
TD Africa partners ZTE for quality, affordable smartphones
TD Africa is set to redefine and further strengthen the Nigerian mobile phone ecosystem as it partners ZTE Corporation on its smartphone range. This recent strategic partnership ushers in a…
Ex-Governor, Amosun, gives fresh details on Zhongfu-Ogun deal
We have read various media accounts of the above in both the print and social media. We have also read and align with the very appropriate responses from Ogun State…
NCDMB, NLNG Commission Galvanising Plant for Train 7 Project
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe (FNSE), on Friday, commissioned the 10,000 Tons per annum galvanising plant constructed by Daewoo…