The Nigerian Investment Promotion Commission, (NIPC) has said that from January to June 2021, it generated N1.41 billion as IGR, 7% more than the budgeted IGR for the entire year (N1.32 billion). A statement said that a 2020, NIPC’s Internally Generated Revenue (IGR) income was N3.06 billion, 108% higher than...
The Minister of Works and Housing, Mr. Babatunde Fashola, SAN has called on the private sector to join federal government to put an end to the challenges currently faced by the housing sector. He stated this yesterday during an inspection tour to Cosgrove Estate located at Mabushi and Wuye which...
Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Katagum has said that to date, the federal government has successfully disbursed the sum of N56,842,780,000.00 to 1,079,323 to beneficiaries of the MSME Survival Fund Scheme. The Minister who said this in Abuja on Tuesday at a press briefing to...
Nigeria’s domestic gas penetration aspirations have received a major boost as the Nigerian National Petroleum Corporation (NNPC) and the Kaduna State Government have signed a Memorandum of Understanding (MoU) for utilisation and expansion of gas supply in the state. Speaking at the MoU Execution Ceremony which held Thursday at the...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework...
The Nigeria National Petroleum Corporation (NNPC), has hailed the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11), describing it as a huge victory for Nigeria and the beginning of addressing decades of host community restiveness. The Appeal Court sitting in Abuja on Monday...
The Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono has hinted that the ministry intended to turn the country into a global powerhouse in food production. He made this disclosure today, at the inauguration ceremony of the newly reconstituted Governing Council of the Nigeria Institute of Soil Science...
Nigerian National Petroleum Corporation (NNPC) has executed the Engineering, Procurement, and Construction (EPC) and Equipment Procurement contracts for a 50Megawatts (MW) Emergency Power Project in Maiduguri. The pact, according to Corporation, was a significant step towards redeeming the pledge by it to intervene in the perennial electric power supply challenge...
The African Development Bank Group, on 17 August 2021, announces the 18-month debarment of Sargittarius Nigeria Limited and its affiliates, including Sargittarius Henan Water Conservancy Engineering Limited, with effect from 28 July 2021. Sargittarius Nigeria Limited is a limited liability company registered in the Federal Republic of Nigeria. TheFact Nigeria reports...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria Liquefied Natural Gas (NLNG) Limited towards achieving its goal of becoming a global LNG company of choice. Speaking as a Guest of Honour at the 2021 NLNG...