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NNPC Ltd says it should be counted out of any claims of economic sabotage
The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage. Kyari, who was addressing the Senate Ad-Hoc Committee investigating alleged economic…
Read More »Senate queries $1.5b spent on P/Harcourt Refinery with little or no result
By Abiodun Folarin The Senate has raised concern over 1.5 billion dollars approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. Sen. Opeyemi Bamidele, Chairman, Senate Ad Hoc Committee to Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry, raised the…
Read More »10 in police net for displaying Russian flags in Gombe
The Police Command in Gombe State says it has arrested 10 protesters for displaying Russian flags while protesting in Gombe. It Commissioner, Hayatu Usman, stated this in Gombe on Wednesday while giving an update of the protest at a news conference. Abdullahi said the protesters’ act disrespected the national symbol…
Read More »Teenager Ogazi squeezes into men’s 400m final
Samuel Ogazi on Tuesday evening ran a personal best 44.41 seconds to qualify for the final of the men’s 400 metres event at the ongoing 2024 Olympic Games in Paris. Ogazi who ran from lane 5 in heat 3 of the event at the Stade de France finished third to…
Read More »NNPCL introduces new crude oil grade, Utapate into international oil market
The NNPC Ltd has announced the introduction of Utapate crude oil blend, a new crude oil grade into the international crude oil market. A statement by Olufemi O. Soneye, Chief Corporate Communications Officer NNPC Ltd said, from Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary,…
Read More »CBN Approves Financial Accommodation for Unity, Providus Bank Merger
By Abiodun Folarin The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. CBN in a statement on Tuesday, by it Ag. Director, Corporate Communications, Hakama Sidi Ali, explained that the strategic…
Read More »UNICEF, others Handover Medical Oxygen Plant to Rivers State Government
By Abiodun Folarin The United Nations Children’s Fund (UNICEF), in partnership with the Government of Rivers State, IHS Nigeria, and the Government of Canada, has announce the handover of a cutting-edge medical oxygen plant and oxygen delivery devices to the General Hospital in Eleme. UNICEF, in a statement on…
Read More »Dangote: Our Refinery is having repeated orders from abroad
*Demarketing of a company by a regulator that it is supposed to protect it, is very unfortunate – Dangote *Urges National Assembly to test all available products from Standard laboratory to disclaim NMDPRA’s assertions *This remarkable achievement does not merely reflect corporate success; it symbolises national pride – Rt. Hon.…
Read More »CBN injects $106.5m into forex market to boost liquidity
The Central Bank of Nigeria (CBN) has sold $106.5 million to 29 authorized dealer banks at N1,498/$1 to N1,530/$1 on Thursday July 18 and July 19, 2024 as part of moves to improve supply in line with its price stability mandate and its commitment to ensure a well-functioning and liquid…
Read More »Biden will not seek reelection; endorses Harris
President Joe Biden says he is not seeking reelection in a letter posted to his official account on X. In a second post, he endorsed Vice President Kamala Harris to succeed him. “It has been the greatest honor of my life to serve as your President,” Biden wrote. “And while…
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