Business & Economy - Page 166

The Federal Government has stated that the Nigerian National Petroleum Company Limited (NNPC) lacks the necessary funds to rebuild aging pipelines. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made this declaration at the recently concluded Energy and Labour Summit

“That the 1st claimant is engaging in an organised crime of storage, supply and distribution of adulterated and substandard petroleum products to unsuspecting members of the public who suffer frequent vehicle and equipment breakdowns, as a result of such nefarious activities in

Customers of various banks have called on the Central Bank of Nigeria (CBN) and banks to institute a standard policy on what constitutes a dormant account. Some of the customers, who spoke to the News Agency of Nigeria (NAN) in Abuja on

Dr. Sand Mba-Kalu, Executive Director, Africa international Trade and Commerce ResearchShares The profit declared by the Nigerian National Petroleum Company Limited (NNPC Ltd.) will spur major investors to take advantage of its Initial Public Offer (IPO) when announced, Dr Sand Mba-Kalu, an Economic Expert

The Federal Government has been urged to sell the government-owned refineries in Port Harcourt, Warri and Kaduna to raise funds for modular refineries. The three refineries are currently managed by the Nigerian National Petroleum Company Limited (NNPC), the government’s oil company. The

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has taken firm action in Calabar, shutting down three petrol stations for overcharging customers and using faulty meters to dispense fuel. This enforcement is part of NMDPRA’s broader initiative to ensure fair and

By Mike Abbah Transcorp Plc has published its 2024 half year results, showcasing impressive growth and reinforcing market confidence. During the period, Transcorp reported an impressive 283% increase in profit before tax, reaching N70.92 billion. This increase not only exceeded the

By Mike Abbah The Chief of Staff to President Bola Ahmed Tinubu, Rt. Hon. Femi Gbajabiamila, CFR, has commended the National Agency for Science and Engineering Infrastructure (NASENI) for its technological advancements, product innovations and interventions in various sectors of the economy.

The Conference of Nigeria Political Parties (CNPP) has described as “highly disappointing” the recent demand by the Nigerian National Petroleum Company Limited (NNPCL) that the Federal Account Allocation Committee (FAAC) pay it an outstanding N4.56 trillion for selling PMS at a subsidized

 The Nigerian Agricultural Insurance Corporation (NAIC), has urged stakeholders in the agricultural sector to adopt NAIC’s insurance products for their investments to forestall the risk of exposure to natural perils. Mrs Folashade Joseph, Managing Director, NAIC, stated this at the train-the-trainer workshop