Renewed Militant Attacks Constrain Nigeria’s Anticipated Oil Revenues

Niger Delta Avengers . 007

Production down to 1.67m barrels as price rises above $50

The Federal Government’s anticipated revenue have further been constrained by the renewed attacks on oil facilities by Niger Delta militants . . .

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Renewed Militant Attacks Constrain Nigeria’s Anticipated Oil Revenues

Dangote Stakes N10bn to Restructure Dangote Flour Mills In Buy-back Deal

Dangote

Dangote stakes N10 billion in flour mills’ buy-back deal

To save jobs, targets 900,000 tonnes yearly wheat production 
Following a re-acquisition exercise that saw a buy back of 65.7 per cent stake in Dangote Flour Mills, the President of Dangote Group, Aliko Dangote, has staked N10 billion to restructure the firm for profitability, as well as to align with the group’s investments strategy . . .

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Dangote Stakes N10bn to Restructure Dangote Flour Mills In Buy-back Deal

Crude Oil Price Rebound To $48.82/Barrel Fuels Fears of Price Hike

Crude oil price . Rising

Further fuel price hike looms as crude oil hits $48.82/barrel

The rebound in the price of crude oil in the international market continued yesterday, fuelling fears of a further hike in the price of Premium Motor Spirit, PMS, also known as petrol, in Nigeria . . .

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Crude Oil Price Rebound To $48.82/Barrel Fuels Fears of Price Hike

NUPENG & PENGASSAN Hail Fuel Subsidy Removal by Nigerian Govt

Oil . Nigerian workers

Nigerian Oil Workers Hail Subsidy Removal, Demand N90,000 Minimum Wage

The National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Friday commended the Federal Government for removing subsidy on petrol . . .

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NUPENG & PENGASSAN Hail Fuel Subsidy Removal by Nigerian Govt

Dangote Tomato Processing Company Suspends Production – MD

Tomato processing plant

The newly established Dangote Tomato Processing Factory in Kadawa, Kano State, has suspended production, its Managing Director, Alhaji Abdulkadir Kaita, said . . .

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Dangote Tomato Processing Company Suspends Production – MD