NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria

Oil . PH Refinery

NNPC targets fuel import cut

Abuja (Daily Times) — The Nigerian National Petroleum Corporation (NNPC) has commenced moves to reduce fuel import by boosting the capacity utilization of the refineries to 60 per cent by the end of 2017 . . .

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NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria

Nigeria, Russia sign nuclear power plants pact – Osaisai

nuclear-power-plant

Abuja (Daily Trust) — The Director General, Nigeria Atomic Energy Commission (NAEC), Dr. Franklin Erepamo Osaisai, yesterday said a Project Development Agreement (PDA) is being signed by Nigeria and Russia to identify their roles in building the proposed nuclear power plants in the country . . .

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Nigeria, Russia sign nuclear power plants pact – Osaisai

Economic Recession: S&P Downgrades Nigeria’s Credit Rating

Dangote . Aliko Dangote on CNBC

Aliko Dangote Advised Nigerian Govt Before S&P Downgraded Nigeria’s Credit Rating

The richest man in Africa, Nigerian-born billionaire, Aliko Dangote, told American network, CNBC on the CNBC Africa on Friday that a wave of asset selling by the federal government could be the best way to boost Nigeria’s recession-hit economy . . .

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Economic Recession: S&P Downgrades Nigeria’s Credit Rating

Dangote shares his secret of becoming Africa’s richest man

Dangote

There are 7 (seven) Points on How to Become a Successful Businessman in Nigeria, according to Alhaji Aliko Dangote

The richest African on earth and the 23rd richest man in the world (jumping 20 spots on the scale from his previous 43rd position) according to Forbes; and the President and CEO of Dangote Group, Nigerian-born Alhaji Aliko Dangote, has advised young entrepreneurs on how to be successful businessmen and businesswomen . . .

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Dangote shares his secret of becoming Africa’s richest man

Emir Sanusi II Lauds Jaiz Bank’s N700m Profit

Emir of Kano . Muhammad Sanusi II

The Emir of Kano, His Royal Highness, Muhammad Sanusi II, has lauded Jaiz Bank for declaring a profit of over N700 million in four years of its inception . . .

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Emir Sanusi II Lauds Jaiz Bank’s N700m Profit

Reasons Nigerian Banks Are Sacking Workers

Banks in Nigeria

Nigerian banks started trimming of staff to suit the economic situation. Last week, two banks, Ecobank and Diamond Bank sacked over 1060 staff citing economic downturn as reason for the cut . . .

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Reasons Nigerian Banks Are Sacking Workers

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

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

PH & Warri refineries now producing petrol – Kachikwu

Oil . PH Refinery

The Nigerian Minister of State for Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has announced that the Port Harcourt Refining Company and the Warri Refining and Petrochemical Company are now producing a combined volume of seven million litres of petrol daily . . .

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PH & Warri refineries now producing petrol – Kachikwu