NNPC to purchase 20% stake in Dangote Refinery with bank loans ― Kyari

NNPC to purchase 20% stake in Dangote Refinery with bank loans ― Kyari

By Udeme Akpan & Obas Esiedesa – Abuja THE Nigerian National Petroleum Corporation, NNPC, has concluded plans to raise bank loans for the acquisition of 20 per cent shares in the $12 billion Dangote Refinery. Contrary to speculation that the shares would be acquired through the Federation Account, the Group Managing Director, NNPC, Mallam Mele […]
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Seapro Energy seeks wind-up of BRT Transport over insolvency

Seapro Energy seeks wind-up of BRT Transport over insolvency

By Onozure Dania A business firm, Seapro Energy Limited, dealing in petroleum products has pursuant filed a winding-up petition/suit on grounds of insolvency against Primero Transport Services Limited. Primero is the operator of BRT buses in Lagos State. The petition/suit is filed at a Federal High Court sitting in Lagos before Justice Chukwujekwu Aneke. In […]

Nigeria’s oil production falls by 6.32% in 3 months

Nigeria’s oil production falls by 6.32% in 3 months

By Obas Esiedesa Crude oil production in Nigeria fell by 6.32 percent to 1.344 million barrels per day in May, 2021 compared to 1.429 million barrels per day recorded in April 2021, latest data from the Organization of Petroleum Exporting Countries, OPEC, has shown. The report also indicated that Nigeria’s average daily oil production in […]

Nigeria’s LPG consumption hits 1,000,000MT yearly ― NLPGA

Nigeria’s LPG consumption hits 1,000,000MT yearly ― NLPGA

By Udeme Akpan The nation’s Liquefied Petroleum Gas, LPG, consumption has risen to 1,000,000 metric tonnes, MT from 500,000MT, yearly, due mainly to increased demand. The National President, Nigeria LPG Association, Mr. Nuhu Yakubu, said: “The industry has recorded a quantum leap in the number of LPG operators across the entire supply, demand, and distribution […]

NITDA DG commends Jumia on job creation

NITDA DG commends Jumia on job creation

It has been nine years of e-commerce service in Nigeria and Africa in general, with Jumia being the foremost player in the industry.  In his congratulatory message to Jumia in commemoration of her 9th anniversary, Director General of National Information Technology Development Agency (NITDA), Kashifu Abdullahi, commended the company for creating jobs for thousands of […]

LBS, other stakeholders target drug security with new research study

LBS, other stakeholders target drug security with new research study

According to the partners, the study titled: ‘Nigeria Pharmaceutical Manufacturing Value Chain Mapping’ is also designed to identify the services and products required in the Nigerian pharmaceutical manufacturing ecosystem, and the market size of each segment

Gree AC unveils Nollywood actress, Stephanie as Brand Ambassador

Gree AC unveils Nollywood actress, Stephanie as Brand Ambassador

By Juliet Umeh Innovative technology brand, Choice International Group, CIG, manufacturers of home appliances brand, Gree Air conditioner, has introduced an award winning Nollywood actress, Stephanie Linus, as its brand ambassador in Nigeria. The company’s country manager, sale and marketing, Chibuzor Ogunka, said the company believes that bringing its new brand ambassador on board will […]