NNPC and IOCs operating in Nigeria including independent oil companies lifted crude oil and condensate worth over $36.023bn; Nigeria is hiring Oracle and Microsoft as the government invests more to save costs and fight corruption; TCN has disclosed that it is prepared to build two new 330KV substations in Kaduna and Zaria . . .
Continue reading “NNPC Lifts Crude, Nigerian Govt Hires Oracle & Microsoft, TCN To Build Substations”
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 . . .
Continue reading “NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria”
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 . . .
Continue reading “Nigeria, Russia sign nuclear power plants pact – Osaisai”
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 . . .
Continue reading “Economic Recession: S&P Downgrades Nigeria’s Credit Rating”
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 . . .
Continue reading “Dangote shares his secret of becoming Africa’s richest man”
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 . . .
Continue reading “Emir Sanusi II Lauds Jaiz Bank’s N700m Profit”
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 . . .
Continue reading “Reasons Nigerian Banks Are Sacking Workers”
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 . . .
Continue reading “Renewed Militant Attacks Constrain Nigeria’s Anticipated Oil Revenues”
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 . . .
Continue reading “Crude Oil Price Rebound To $48.82/Barrel Fuels Fears of Price Hike”
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 . . .
Continue reading “NUPENG & PENGASSAN Hail Fuel Subsidy Removal by Nigerian Govt”