The Federal Government today approved the sum of N200 billion for improved gas supply to the power Generation Companies (GenCos), so as to boost electricity supply to Nigerians during the Coronavirus pandemic lockdown.
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari disclosed this after...
The Securities and Exchange Commission (SEC), has denied conducting any recruitment exercise as being speculated by some persons.
The Commission in a statement Monday, Said “Securities and Exchange Commission’s (the Commission) attention has been drawn to some messages and a video being circulated in the social media, wherein the Commission...
The Central Bank of Nigeria (CBN) yesterday clarified that it does not charge any fee on COVID-19 Loan Applications as being speculated.
CBN said, the clarification was necessary because of the false reports in the social media circles that loan seekers and owners of small-scale businesses who apply for loans...
The Hon. Minister of State for Petroleum Resources, Nigeria, and Minister of Petroleum of South Sudan, Hon. Puot Kang Chol joined its other OPEC and OPEC+ counterparts today to agree on a historic deal to cut 9.7 million barrels of oil per day of supply starting May 1st, 2020.
The...
The Securities and Exchange Commission, SEC has clarified its position on the sharing of gifts at Annual General Meetings as contained in Rule 602 (4) of its Rules and Regulations.
SEC in a statement said, “Rule 602(4) states that ‘’public companies shall not distribute gifts to shareholders, observers and any...
The Ministry of Power has said there was no decision reached by the Federal Government to provide Nigerians with free electricity.
Thisis coming barely 48 hours after the power Distribution Companies (DisCos) announced their alignment with the federal government and National Assembly efforts to provide free electricity for two months...
The Association of Nigerian Electricity Distributors (ANED) has announced it's aligning with the federal government and NASS efforts to provide free electricity for two months as a palliative for the effects of the Coronavirus COVID-19 pandemic on Nigerian electricity consumers.
The Executive Director, Research & Advocacy, ANED, & Spokesman for...
The NNPC Retail Ltd., one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has clarified that all its filling stations across Nigeria were selling premium motor spirit (petrol) within the official price band announced by the Petroleum Products Pricing Regulatory Agency (PPPRA) for the month of...
The African Export-Import Bank (Afreximbank) today in Cairo released its audited financial statements for the year ended 31 December 2019, showing strong and consistent growth, with total comprehensive income of $324.2 million.
The results, which reflected a net income of $313.3 million, 14.3 per cent increase over the 2018 performance of...
