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NNPC alters 44 record with N287 bn profit
Sopuruchi Onwuka The Nigerian National Petroleum Corporation (NNPC) has posted a N287 billion profit after tax for 2020, shattering its business performance record in the past 44 year. The figure is contained in the corporation’s Audited Financial Statements (AFS) published…
CNB goes after forex scammers
Sopuruchi Onwuka Central Bank of Nigeria is rising against abuse of its direct sale of foreign currencies to personal and business travelers, directing all banks enlisted in highly guarded release of scarce foreign exchange in the country to expose customers…
NCDMB sells Bayelsa State electricity
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has become the first government institution in the country to generate and commercialize electricity from its office power plant. The local capacity development agency which has been leading innovative commercial…
Solve problems with enterprise, Wabote charges youths
Sopuruchi Onwuka Nigerian Content Development and Monitoring Board (NCDMB) has canvassed development and empowerment policies to harness the nation’s large population of youths in solving the nation’s social and economic challenges. Executive Secretary, Engr. Simbi Wabote, stated at a virtual…
Fuel smuggling: NNPC points at strong lucre pull
Sopuruchi Onwuka The strong pull to make huge and easy profit by selling subsidized Nigerian petrol across neighbouring African countries has made it very difficult to dissuade smugglers from the illegal trade. The Nigerian National Petroleum Corporation (NNPC) declared to…
NNPC, Chevron donate medical equipment to Delta community hospitals
The NNPC/ Chevron Nigeria Limited Joint Venture has donated modern medical equipment worth millions of Naira to the Oporoza and Tsekelewu Cottage hospitals in Egbema-Gbaramatu kingdoms as well as the Government hospital in Ogidigben. The Egbema Gbaramatu Communities Development Foundation…
Total Nigeria Plc appoints Dr. Samba Seye MD
Total Nigeria Plc has announced the appointment of Dr. Samba Seye as the Managing Director of the company. He replaces Mr. Imrane Barry who has been reassigned to TotalEnergies SE Headquarters in Paris. Dr. Seye holds a Doctorate Degree in…
WTO backs U.S. in solar cell case brought by China
Sopuruchi Onwuka, with agency reports The United States secured a victory at the World Trade Organization on Thursday in a case brought by China over U.S. measures to limit the import of solar panel cells. A three-person WTO panel rejected…
NCDMB hauls N26 bn at local tech innovation
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is to activate a $50 million or N26 billion fund it mapped out to facilitate innovation in the domestic petroleum industry and wider economy. Roll out of the fund will…
NLNG beats chest on domestic LPG supply
Sopuruchi Onwuka The Nigeria Liquefied Natural Gas (NLNG) Limiyted has declared that it has no hand in the supply gaps and consequent hike in the pfrice of Liquefied Petroleum Gas (LPG) also called cokking gas in the country. General Manager,…
