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Dangote: We Have Enough Petrol In Stock To Meet In-country Supply

President of Dangote Group, Alhaji Aliko Dangote
Over the weekend, Aliko Dangote, the president of Dangote Industries Limited (DIL), disclosed that his firm, the Dangote Petroleum Refinery, had more than N600 billion worth of Premium Motor Spirit (PMS), often known as gasoline, in storage to efficiently and adequately service Nigeria’s domestic demands. The wealthiest person in Africa disputes the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) assertion from last week that just 50% of the oil can be obtained locally from nearby refineries. Although Dangote has consistently claimed that this is incorrect, the Authority insisted that it has continued to provide import licenses to oil marketersRead More

Access Bank Grows Profit By 16% To N102bn In Nine Months

Access Bank
Access Bank Plc’s unaudited results for the nine months ended September 30, 2020, has shown that the bank delivered strong top line figures despite the challenging landscape occasioned by COVID-19Read More

Kyari: Era Of Waste In Nigeria’s Oil Industry Over

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said the era of waste and lack of transparency in the oil industry is over. He saidRead More

Money Laundering: EFCC Lists Requirements For Registration Of Law Firms, Lotteries, Casinos, NGOs

The Economic and Financial Crimes Commission (EFCC)
Closes defence in N5m fraud case against Benue Deputy Speaker, others In its bid to contain money laundering activities in the country, the Economic and Financial Crimes Commission (EFCC) hasRead More

OPEC Projects 11m bpd Oil Demand Shortfall By December

Organisation of Petroleum Exporting Countries (OPEC)
Banks on COVID-19 vaccines for market recovery US company, Moderna, announces 95% efficient vaccine By Emmanuel Addeh in Abuja and Martin Ifijeh in New Jersey, USA The Organisation of PetroleumRead More

Discos Blame TCN For Irregular Power Supply

A power transmission system
Electricity Distribution Companies (Discos) have painted an unflattering picture of how the Transmission Company of Nigeria (TCN) contributes to the erratic power supply in the country, describing the only government-controlledRead More

Access Bank Awarded Sustainability Certification Under SSCI Programme

Access Bank
As the sustainability leader in Africa, Access Bank PLC has been awarded the Sustainability Certification under the Sustainability Standards and Certification Initiative (SSCI). The certification audit process saw Access BankRead More

Buhari Orders Retrieval Of Abandoned Farm Estates

President Muhammadu Buhari
President Muhammadu Buhari on Tuesday directed that all abandoned farm estates of National Agricultural Land Development Authority (NALDA) be retrieved to enable thousands of young men and women engage inRead More

FG Exempts Dangote Cement From Land Border Closure

Dangote Cement
The Federal Government has allowed Dangote Cement to resume exports across its land borders, raising hopes that the country may be opening up trade with neighbors after a year-long blockade.Read More

Environmental Degradation: FG Warns Anambra Oil Drilling Firm

Minister of State for Environment, Sharon Ikeazor
The Federal Government has warned that the exploration of hydrocarbon in reserves must be done in an environmentally-sustainable and friendly manner. Minister of State for Environment, Sharon Ikeazor, gave theRead More

We’re Ending Estimated Electricity Billing – President Buhari

President Muhammadu Buhari
President Buhari has pledged his administration’s determination to end the estimated billing regime in electricity supply. President Buhari made the pledge via his Twitter handle on Wednesday, November 4th, 2020.Read More