Gov Eno to build 18-floor Towers in Lagos amidst food crisis
Despite the food crisis in Akwa Ibom State, Governor Umo Eno said the state government is about to start building an “18-floor Ibom Towers” in Lagos State, south-west Nigeria. Governor Eno disclosed this on Monday in Uyo, while performing the…
NNPCL gives new date for return of Port Harcourt Refinery
Nigerian National Petroleum Company Limited (NNPCL) on Monday set a new August 2024 date for the old Port Harcourt Refinery to begin production. It also said the new Port Harcourt refinery and the Warry refinery would follow suit, adding that…
Nigeria to be net exporter of petroleum in December — NNPC
The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that based on emerging indicators in the energy and gas sector, Nigeria will be a net exporter of petroleum by December. Kyari made this known…
NNPC Stake In Dangote Refinery Now 7.2% – Dangote
Africa’s richest man Aliko Dangote says the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki…
Dangote refinery to import crude oil from Brazil
On Friday, the publication said this adds to the large number of overseas barrels of crude feedstock that Nigeria is importing. According to traders with knowledge of the matter, Dangote refinery, which is still ramping up to full capacity, will receive…
Golden Guinea wins N10bn eight-year suit against AB InBev
Golden Guinea Breweries Plc has won an eight-year-long N10 billion suit against International Breweries Plc and Anheuser-Busch InBev (AB InBev). The Umuahia Abia State-based brewer had approched the Federal High Court in 2016 demanding general damages in the sum of…
CBN appoints Sule Minjibr as acting MD, NSPMs, sacks previous management
The Central Bank of Nigeria (CBN) on Wednesday sacked the top management team of the Nigerian Security Printing and Minting Plc, (NSPM) and appointed Abubakar Sule Minjibr as the acting Managing Director. The development is contained in an internal memo…
FEC approves procurement of 2000 tractors, 1200 trailers, others to boost food security in Nigeria
The Federal Executive Council (FEC) has announced the approval of 2,000 tractors, 4,000 disc ploughs, and 1,200 tractor trailers among other equipment under the National Agricultural Mechanization Programme (NAMP) to promote food security in Nigeria. This is contained in…
FG plans N110bn youth enterprise clusters
Vice President Kashim Shettima has disclosed plans by the Federal Government to establish a Presidential Initiative on Youth Enterprise Clusters that will cost N110 billion. He stated this on Thursday at an event organised to commemorate the 2024 World Population…
FG, IOCs agree on crude supply to Dangote, local refineries
The Federal Government and crude oil producers in Nigeria have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system. Both parties said the aim of the commitment was to ensure that…