The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has lamented the death of the pioneer Managing Director of the Corporation, Chief Festus Remi Ayodele Marinho. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that Chief Marinho,...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced that Nigeria’s domestic Liquefied Petroleum Gas (LPG) consumption exceeded 1million metric tonnes in 2020, making 2020 the first year in the nation’s history where LPG consumption has reached the one million MT threshold. This was disclosed in a statement by the...
With the country's inflation rate at 15.75% and recession biting hard, many Nigerians have come to realize that saving their money or depending on a sole source of income is not only disastrous but suicidal. Many are now delving into the world of business like a blind folded man...
About 300,000 metric tonnes of maize are soon to be released into the Nigerian market from strategic anchors under the Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN), which watchers believe will reduce the current price of maize from N155,000 per metric tonne. The anticipated release follows...
Dangote Group of Company has completed the construction of the 43KM Obajana-Kabba Road, the longest rigid pavement in the country. The 43KM Obajana-Kabba road constructed by Dangote Industries Limited (DIL), as been described by motorists as the country’s most strategic highway that is aiding travelers between the North and the...
The National Bureau of Statistics (NBS)'s inflation numbers for December which came in at 15.75% much higher than the 14.89% recorded in November reflects a historical trend in which inflation rate is elevated during this month owing to the demand pressure associated with the yuletide period. This was disclosed by...
The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020. A press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, stated that the figure is...
Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent and reputable companies from various jurisdictions have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure ranging from critical pipelines to...
Abuja Chamber of Commerce and Industry, (ACCI) welcomes the declaration by the Minister of Federal Capital Territory Administration, Alhaji Muhammad Bello on plans to harmonise tax policy within the territory to ease the burden of multiple taxation on SMEs. This was disclosed in a statement issued by the President, ACCI,...
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group General Manager, Group Public Affairs Division, NNPC, Dr. Kennie Obateru in a...