The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari has disclosed that the recent deal between the NNPC Ltd. and Indorama Eleme Petrochemicals Ltd would annually contribute $3billionn to the nation’s Gross Domestic Product (GDP) and a lifetime contribution of $18billion to...
The Nigerian National Petroleum Company (NNPC) Limited has announced the appointment of top Executives in an ongoing effort to reposition the company for profitability.
NNPCL's Chief Corporate Communications Officer, Garba Deen Muhammad announced the Senior Management Changes in a statement on Saturday.
The executive appointments by the company are as...
The National Bureau of Statistics (NBS) in its latest Consumer Price Index (CPI) Report showed that the country’s Headline Inflation Rate increased to 25.80% in August, relative to the July 2023 headline inflation rate which was 24.08%.
NBS said, looking at the movement, the August 2023 headline inflation rate shows...
The National Bureau of Statistics (NBS) in its latest report said, Nigeria's public debt stock which includes external and domestic debt stood at N87.38 trillion (US$113.42 billion) in Q2 2023 from N49.85 trillion (US$ 108.30 billion) in Q1 2023, indicating a growth rate of 75.27% on a quarter-on-quarter basis.
NBS...
The Minister of Works, Engr. David Umahi has told contractors handling Government projects in the country that he had come up with a Performance Bond, meaning that all new projects would be guaranteed for 10years.
Director (Information), Press & Public Relations Unit of the Ministry, Mrs Blessing Lere-Adams disclosed the...
The Minister of Works, Engr. David Nweze Umahi has commended MTN Nigeria Communications Company for their dedication to the construction of roads across the country under the Tax Credit Scheme.
Director (Information) Press & Public Relations Unit of the Ministry, Blessing Lere-Adams who disclosed this in a statement issued on...
The Management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the issuance of letters of award to 42 companies/entities deemed successful in the keenly contested bid for 49 Flare Sites put forward during the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP) Auction process.
NUPRC in a statement on...
The Nigerian National Petroleum Company (NNPC) Limited has said, it was not against the sale of Shares of Nigerian Agip Oil Company Limited (NAO) to Oando Plc.
NNPCL's Chief Corporate Communications Officer, Garba Deen Muhammad made the clarification in a statement on Thursday.
Oando Plc has agreed with ENI to acquire...
The Minister of Works, Senator Nweze David Umahi has directed that the failed portions of the Enugu – Port Harcourt Expressway Section III: Enugu – Lokpanta in Enugu State be redesigned with concrete pavement.
Director (Information) Press & Public Relations Unit of the Ministry, Blessing Lere-Adams disclosed this in a...
