NNPC enters lubricants market with Nitro, Rhino engine oils
After years of painstaking research and meticulous planning, NNPC Retail Limited, the Downstream Subsidiary of the Nigerian National Petroleum Corporation in charge of retail sales and marketing of petroleum products,…
SON destroys over 5,000 substandard gas cylinders worth N51.3m
The Standard Organisation of Nigeria (SON) on Friday destroyed over 5,000 substandard Liquefied Petroleum Gas (LPG) cylinders worth N51.3 million. The cylinders which were imported by different businessmen were destroyed…
AstraZeneca’s Imfinzi gets speedy FDA review for small cell lung cancerÂ
British drug maker AstraZeneca Plc said on Friday its immunotherapy cancer treatment Imfinzi has been granted a speedy review by the U.S. medicines watchdog for the treatment of a particularly…
Chevron puts two Nigerian offshore blocks up for sale
Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters shows, as the company seeks to dispose of…
Work on Abuja-Kaduna-Kano Pipeline Project to commence soon – NNPC
The Nigerian National Petroleum Corporation (NNPC) says it has concluded plans for the commencement of work on the Abuja-Kaduna- Kano pipeline project, popularly known as AKK Project. A statement by…
Border closure: We’ve really advanced in the discussion, agreement with our neighbours – FG
Nigeria’s recent border closure drill has been linked to the recent rise in headline inflation which is currently at 11.61 per cent as of October 2019. The Minister of Finance,…
FG to rehabilitate Warri refinery, 2 others for local production of 360,000MT of LPG by 2023
The Federal Government says it will rehabilitate the Warri, Port Harcourt and Kaduna Refineries to achieve local production of 360,000 MTPA of Liquefied Petroleum Gas (LPG) by 2023. The Minister…
CBN MPC votes unanimously to hold rates, other parameters constant
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 13.5%. Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed this…
Why Nigeria needs to develop a vibrant commodities trading ecosystem – SEC
The Securities and Exchange Commission (SEC) says the commission is committed toward ensuring that the commodities trading ecosystem in the country becomes vibrant to contribute to economic development. A statement…
Buhari endorses MTN 5G trial; NCC lists benefits
President Muhammadu Buhari endorsed the trial of 5G technology at the MTN first live demo of 5G network (5th generation network technology) on Monday in Abuja. He was represented at…