Guinness declares N265bn revenue, PAT up 53% to N25.3bn
By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
Oil spill: Court imposes N62.5m fine on PPMC
A Federal High Court, which sat in Asaba, Delta State, has ordered the Pipelines and Products Marketing Company, PPCM, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, to pay various fines for refusing to clean up and remediate some oil spills totaling N62.5million.
NPA acquires new pilot cutters, tug boats to boost operation
IN a bid to boost its marine operations, the management of the Nigerian Ports Authority (NPA) has acquired two new pilot cutters and two new tug boats.
Tin-can Customs impounds contraband goods worth N43.8m
TIN-CANIsland Command of the Nigeria Customs Service (NCS) has impounded contraband goods with Duty Paid Value (DPV) of about N43.8 million between January and now.
Revised listing rules targeted at SMEs, telcos, others – NSE
Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has disclosed that the newly revised listing rules are targeted at the Small Medium Enterprises, SMEs, telecommunication firms and oil and gas companies.
NEITI canvasses transparency, accountability in PIB
The Nigerian Extractive Industries Transparency Initiative, NEITI, has renewed calls for the passage of the Petroleum Industry Bill, PIB, stressing that the issue of transparency and development of the oil and gas industry and the national economy hinges on the passage of a robust and pragmatic legislation.
Partnership critical to cross border mobile services in Africa
Sustainable development of cross boarder mobile money services in Africa requires partnership in which industry stakeholders, policymakers, and regulators cooperatively share information, says African Development Bank (AfDB).
Charges: PHCN owes consumers N378bn – Group
The Coalition For Social Equality, a non-governmental organisation has revealed that the illegal imposition and collection of Meter Maintenance Charge from consumers by the Power Holding Company of Nigeria, PHCN, has amounted to about N378 billion.
Nigeria, Norway renew technical co-operation
The Department of Petroleum Resources, DPR, and the Norwegian Petroleum Directorate, NPD, have renewed a Memorandum of Understanding, MoU, for technical cooperation in the oil and gas industry, which began in year 2000.
Road accidents: Shell partners FRSC on safety
As part of efforts to reduce the loss of lives on Nigerian roads, the Shell Petroleum Development Company, SPDC, has promised to support the Federal Road Safety Corp, FRSC, in fighting the unending menace of road accidents.
Stock market rebound: NAAEP canvasses interest rate reduction
Efforts geared towards repositioning the Nigerian Stock Exchange (NSE) for profitability and achieving the vision of making the nation hub of African exchanges will not materialize without effective reduction of interest rate, says Chief Temitope Labinjo Ajayi, Chairman, Nigeria American Agricultural Empowerment Programme Limited (NAAEP).
