Business

NNPC tasks experts on solutions to oil problems

Experts in the oil and gas sector have been challenged to come up with solutions to tackle the challenges bedeviling the industry.

Group Managing Director of NNPC, Mallam Mele Kyari, gave the charge while playing host to the Executive members of the Society of Petroleum Engineers, SPE, Nigerian [...]

Mon, 23 March 2020


Oil prices dip 17 years lower, sell at $24pb

The ravaging COVID-19 pandemic has continued to take a direct hit at the global oil market as prices further plunged to 17-year low, last week, ebbing at $24.88 per barrel.

A free fall in demand during the week witnessed Brent crude declining by 13 per cent, the lowest since 2003, making oil ch [...]

Mon, 23 March 2020


SON partners NERC on local content, export

The Standards Organisation of Nigeria, SON, is combining efforts with the Nigerian Electricity Regulatory Commission, NERC, to promote local content on the production of electrical materials and exportation of certified made in Nigeria products.

Both agencies rekindled the partnership during a [...]

Mon, 23 March 2020


NEPZA’s partnership with World Bank, IFC to attract FDI

The Nigeria Export Processing Zones Authority, NEPZA, says its partnership with the World Bank and the International Financial Co-operation, IFC, on infrastructural development of Free Trade Zones and staff capacity building will attract more Foreign Direct Investment to the Nigerian economy.

N [...]

Sat, 14 March 2020


WIEN pledges support to close Nigeria’s energy gaps

A non-political group, Women in Energy Network, WIEN, has pledged to support the Nigerian National Petroleum Corporation, NNPC, in its quest towards meeting the country's energy needs.

WIEN National President, Mrs. Funmi Ogbe, who stated this during a visit to the Corporation headquarters i [...]

Sat, 14 March 2020


40% of Nigerians are financially excluded- NDIC

The Nigeria Deposit Insurance Corporation, NDIC, has said 40 per cent of Nigerians are either financially excluded or operate outside the formal financial system.

Managing Director of the Corporation, Alhaji Umaru Ibrahim, who stated this while receiving the Alumni Association of the National F [...]

Sat, 14 March 2020


FG to support Nigeria’s automotive industry

President Muhammadu Buhari has pledged the Federal Government's support for the automotive industry to improve local capacity in the car manufacturing business.

Buhari stated this in Abuja while Flagging off the 2020 Argungu Festival Automobile Rally participated by locally manufactured and [...]

Sat, 14 March 2020


50 Nigerian oil cargoes stranded as demand drops

Due to the coronavirus pandemic, about 50 cargoes of crude oil belonging to Nigeria have not found landing as there is a drop in demand.

Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, said as at last week, there were over 12 stranded liquefied n [...]

Sat, 14 March 2020


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