Nine vessels conveying fuel, bitumen, others expected at Delta ports
The Nigerian Ports Authority (NPA) says it is expecting nine vessels laden with fuel, bitumen and other products at the Delta ports. The NPA made this known in its daily…
Why minister fired TCN boss; demands optimum performance from Ag. MD
Recurring blackout and incessant shutdown of the national grid among others led to the dismissal of Mr Usman Mohammed as the Managing Director of Transmission Company of Nigeria (TCN), Political…
Our $37bn external reserve still robust to support economy – Emefiele
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), says the low crude oil prices were surmountable, as he declared that Nigeria’s foreign reserves of about $37 billion…
Covid-19: Lufthansa plans massive job cut, to ground 500 aircraft by 2022
German airline, Lufthansa, is bracing for hundreds of aircraft to remain grounded due to the covid-19 pandemic well into 2022 and that further job cuts at its maintenance and catering…
Okomu Oil, Dangote Cement, others gain as stock market stays bullish
The scourge of covid-19 failed to hold down the nation’s stock market as it maintained bullish mood on Tuesday with the key performance indices increasing further by 1.09 per cent…
What set OML-95 oilfield on fire? NOSDRA investigates
The National Oil Spills Detection and Response Agency (NOSDRA) on Monday said that the ongoing fire at Ororo oilfield at Oil Mining Lease (OML) 95 is being investigated. Mr Musa…
Covid-19: Total quits plan to acquire Occidental Petroleum assets in Ghana
Total (TOTF.PA) has called off plans to acquire Occidental Petroleum’s assets in Ghana, the French energy company said on Monday citing unfriendly market environment occasioned by Covid-19 pandemic. “Given the…
Konga Partners UKAid-funded firm to boost farming in Nigeria
Foremost composite e-commerce giant, Konga has partnered with UKAid-funded Frontier Technology Livestreaming to deploy the power of e-commerce in reaching rural farmers across Nigeria’s vast landscape. Indeed, the partnership will…
TD Africa consolidates leadership position, launches new logo
TD Africa, Sub-Saharan Africa’s biggest technology, lifestyle and solutions distribution company, has launched a brand new logo. In consolidating its position as the biggest technology distributor in the sub-region, TD…
Bayo Olugbemi emerges new CIBN President, States Mission
The Chartered Institute of bankers of Nigeria (CIBN) on Saturday inaugurated Mr Bayo Olugbemi as its 21st President/ Chairman of Council for the year 2020/2022. Olugbemi, in his acceptance speech,…