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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…
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,…
Anti-COVID strategies earned NNPC N287 bn profit
Sopuruchi Onwuka Challenges thrown up by the prevailing coronavirus pandemic pushed the Nigerian National Petroleum Corporation (NNPC) to adopt unique operating models that helped cut cost and boost profit in 2020 when the global economy sank by over 3.5 percent…
Kaduna signs deal to plug into AKK pipeline
Sopuruchi Onwuka Kaduna has become the first state in the northern part of the country to officially enter a gas supply deal with the Nigerian National Petroleum Corporation (NNPC) and private firms under the ongoing programme to deepen domestic gas…
