Oando grows half year revenue to N2.1trn
Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation.
Osun explores options in biogas
Osun State government has concluded its bilateral talks with the German state of Saxony Anhalt as the state expects to benefit from its agricultural programmes with the use of biogas for electricity generation in all parts of the state.
Low participation delays NIID take off
The Nigerian Insurance Industry Database, NIID, is yet to take off because many Nigerians are yet to be captured into it, the Nigerian Insurers Association, NIA, has said.
Operators laud collaboration on oil theft
Operators in the oil and gas industry have commended the invitation of the armed forces and the police by the Federal Government to collaborate on stemming the rising incidence of crude oil theft and pipeline vandalism in Nigeria.
Electricity hike: FG pays N100bn in subsidy
To cushion the effects of the impending hike in electricity tariff, the Federal Government has agreed to pay about N100 billion in subsidy over the next two years under the second phase of the Multi Year tariff Order, MYTO 2.
Quoted companies are excessively charged on NSE – Ajayi-Tomori
Poly Products Nigeria Plc, a manufacturer of polythene and other plastic products, recently disclosed plans to delist from the Nigerian Stock Exchange. In this interview with Vanguard, Mrs. Funmi Ajayi-Tomori, a Director in the company, gave an insight into the delisting plan, arguing that quoted companies are still burdened by excessive charges from the regulatory authorities among other things. EXCERPTS
