The Federal Government on Tuesday inaugurated train operation on the Port Harcourt-Aba rail line for use by members of the public with four days free ride. The Minister of Transportation, Senator Saidu Alkali, inaugurated services on the 62-kilometre Port Harcourt-Aba …

  Executive and non-executive directors of 10 banks received N17.79bn as sitting allowance and compensation in 2023, according to an analysis of the lenders’ financial statements. The amount represents an increase of 2.2 per cent or N375.6m from N17.4bn the …

The President of Dangote Industries Limited, Aliko Dangote, has said that the depreciation of the local currency was the company’s biggest challenge in 2023. He stated this on Tuesday during his remarks at the Annual General Meeting of Dangote Sugar …

The Minister of Aviation and Aerospace Development, Festus Keyamo, has unveiled plans to review agreements Nigeria had entered into with some nations of the world, to ensure local carriers fly international routes without any encumbrances. The minister said this at …

The Federal Government on Monday commenced a due diligence meeting for the proposed $2.4bn asset sale by Shell to Renaissance Africa Energy, and announced that it targets to complete the divestment exercise by June this year. Shell, a British energy …

The Making of MMS Inspired Amazon 2024 and the MMS Hall of Famers Day marking the International Women’s Day (IWD) which took place on Tuesday 23rd April, 2024 has come and gone with memories and fun. It provided opportunity, again …

The Onne Port Complex of the Nigerian Ports Authority (NPA) on Saturday again demonstrated its capacity and readiness for large ship call , with the successful berthing of a container vessel with Length over All (LOA) of 300Metres.  The vessel …

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Port Harcourt Refinery The Nigerian National Petroleum Company Limited has signed an agreement with the African Refinery Port Harcourt Limited for the subscription of 15 per cent equity by ARPHL in the Port Harcourt Refining Company. Parties in the deal …

After days of sustained bearish trading, the Nigerian exchange recorded a 0.05 per cent increase in the All-Share Index as investors gained N26bn. The local bourse has been on a bearish run for days, which has seen the major indexes …

The Federal Government through the Central Bank of Nigeria has been urged to sustain recent moves and policies being rolled out to stabilise the naira. The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, who dropped the hint …

Aliko Dangote Chinese state energy major, PetroChina, has been waiting to unload a cargo of United States crude at Nigeria’s giant new refinery for nearly a month due to payment issues, according to four trading sources and shipping data, Reuters …

Oil worker To purchase crude oil, modular refineries are to now pay 80 per cent of the amount in the United States dollar, while 20 per cent is to be paid using the local currency – naira, it was gathered …

The Nigerian Civil Aviation Authority has suspended the Air Operators Certificate of Dana Air. This came barely 24 hours after Dana Air plane coming from Abuja landed at the Lagos airport runway and veered off into a nearby field. Dana …

Alhaji Aliko Dangote The Dangote refinery has been ranked above the 10 biggest refineries in Europe because of its capacity, according to data compiled by Bloomberg. The $20bn Dangote refinery can refine 650,000 barrels of petroleum products per day. The …

Lokpobiri, Minister of State for Petroleum Petroleum Resources The face-off between the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and the former Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, took a new twist …

Oil marketers have continued to dispense Automotive Gas Oil, popularly called diesel, at a price between N1,350/litre and N1,450/litre in various locations across the country despite repeated cuts in the price of the commodity by the Dangote Petroleum Refinery. Although …

Cardoso, CBN Governor The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came as the Central Bank of Nigeria stepped up efforts to stem the tide, selling more dollars to …

Godwin Emefiele, Former CBN Governor The Economic and Financial Crimes Commission has filed a fresh charge at the High Court of the Federal Capital Territory against the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele. EFCC in …

The Presidency has said it is set to launch about 2,700 Compressed Natural Gas-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office. It said the federal government was set to deliver 100 conversion …