As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to provide business opportunities that will enable the Nigerian National Petroleum Company Limited (NNPC) earn more revenue for the country. Chief Executive Officer (CEO) of the company, Mallam Mele...
The Permanent Secretary Federal Ministry of Works and Housing, Babangida Hussaini has called on the Nigerian public to support the Federal government to ensure all Federal roads and utilities across the nation are kept in good condition. This was contained in a press statement signed by the ministry's Director Press...
The trade Commissioner of the Nigeria Trade Office, Mr. Ibrahim A. Ahmed has said that Nigeria-Taiwan trade in 2021 reached US$830 million. This was contained in a statement on Friday by Deputy Director, Press in the Federal Ministry of Industry, Trade and Investment. TheFact Nigeria learned that the amount represented the...
The Board, Nigeria Commodity Exchange Plc (NCX) has been reconstituted with the appointment of Mrs. Aishah N. Ahmad as the new Chairman. NCX said, the shakeup was in line with the provisions of the Companies & Allied Matters Act (CAMA) 2020. TheFact Nigeria reports that in an Extraordinary General Meeting of...
The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of growth that would impact positively on the downstream sector of the Nigerian economy in 2022. Likewise, Financial Derivatives Company Limited, a financial institution, in...
The Aliko Dangote Foundation (ADF) has commenced the implementation of its nutrition flagship program, tagged: Aliko Dangote Foundation Integrated Nutrition (ADFIN) program in Kano State. According to the ADF’s Director of Health and Nutrition, Dr. Francis Aminu, the program is in line with the plan to use the newly refurbished...
The Nigerian National Petroleum Corporation (NNPC) has confirmed that a minor fire incidence occurred at the Port Harcourt Refining Company (PHRC) today, Saturday, January 1, 2022. NNPC said, the incident, which was contained in less than two hours was caused by a spark while a 33,000 litre truck was discharging...
Nasarawa State governor, Engineer Abdullahi Sule, has flagged off the construction of the 24km Idadu/Agbashi road, in Doma Local Government Area of the state, estimated to cost the government N3.2bn. Engineer Sule performed the groundbreaking ceremony for the construction of the road, in Idadu, Ekye Development Area, on Friday. TheFact Nigeria...
The Federal Government of Nigeria has signed a Memorandum of Understanding (MoU) with the UK based Developing Africa Group to create Africa’s first Intellectual Property Rights (IPR) Commercialization project in Nigeria. A statement signed by Head of Press and Public Relations Unit, Mr. Ibrahim Haruna said, the Minister of Industry, Trade and Investment, Otunba...
A total sum of ₦203.73billion was made on the sale of white products in the month of July 2021 by the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the Nigerian National Petroleum Company (NNPC) Ltd. This was contained in the July 2021 figures of the NNPC Monthly Financial...