Airtel Nigeria appoints Balsingh chief executive officer
Airtel Nigeria has named Dinesh Balsingh as the Managing Director and Chief Executive Officer, effective Nov. 1, 2024. The announcement was made in a statement on Tuesday, signed by the Director of Corporate Communications and CSR, Airtel Nigeria, Femi Adeniran….
Dangote Refinery Dismisses Allegation Of High Petrol Price
Dangote Refinery Dismisses Allegation Of High Petrol Price. Dangote Refinery has dismissed the allegation of selling Premium Motor Spirit, PMS, also known as petrol at between N1, 015 and N1, 028/litre, as fake news. Oil marketers, yesterday, said the price…
We have 500m liters, marketers not buying our products – Dangote
Aliko Dangote, President of Dangote Group, on Tuesday, said his refinery has the capacity to provide enough petrol to satisfy local consumption, noting that about 500 million liters have not been taken up by retailers. Dangote, who stated this while…
Binance founder, Zhao released after 4 months
Changpeng Zhao, the founder of Binance and a key figure in the global cryptocurrency industry, has been released. He was released from a California correctional facility after serving a four-month sentence for failing to enforce anti-money laundering protocols on his…
Tony Elumelu Identifies Key Areas for Nigeria’s Development
Billionaire Investor, Tony O. Elumelu, has identified three key areas to be addressed to fix the country – economically and otherwise. That Nigeria is rich in resources both natural and human is well known. That the country has failed to…
Marketer Faults Otedola
The Chairman of Integrated Oil and Gas Ltd., Capt. Emmanuel Iheanacho (rtd), has faulted the call by billionaire businessman and Chairman of Geregu Power Plc, Mr. Femi Otedola, for petroleum marketers in the country to dismantle their depots and sell…
Dangote refinery begins petrol processing – Official
The 650,000 barrels per day Dangote Refinery has begun the processing of petrol, an official has said. The Nigerian National Petroleum Company Limited (NNPC Ltd) would buy its products exclusively, Reuters reported Monday, quoting an official of the company. We…
Geometric Power laments gas shortage
The management of the Geometric Power Plant has decried the acute shortage of natural gas supply to its 188-megawatt plant in the Osisioma Industrial Estate in Aba, Abia State, saying it is affecting the state’s economic growth. In a press…
NIPCO, partner unveil power projects in Lagos
NIPCO Gas has, in partnership with the Nigerian National Petroleum Company Gas Marketing Limited, unveiled the Lekki Gas Distribution Project and the Lekki Power Plant. NIPCO Gas entered into a partnership with the NGML for the supply and distribution of…
Tinubu Appoints Two Directors For Bank Of Industry
Akinde is a finance professional with over 20 years of Investment and Corporate Banking experience and an extensive track record covering capital raising (Debt, Equities and Hybrids) as well as Corporate Finance (Mergers & Acquisitions, Privatization Advisory and Project Finance)….