Dangote Refinery secures court orders against NMDPRA
Justice Akintayo Aluko made the order on Monday while granting a motion ex parte in suit marked FHC/L/CS/1174/26, filed and moved by lawyers to the Dangote Petroleum Refinery led by Olawale Akoni, SAN.
Poor asset quality: Operator supports risk management criteria
The Managing Director of Meridian Microfinance Bank, Lagos, Mr. Innocent Ezema, is advocating the use of risk management elements by operators in the microfinance sector.
Oceanic Bank will continue to lend and support projects —Aboh
Managing Director of Oceanic Bank International Plc, Mr. John Aboh, has said that the bank would continue to lend and support the development of infrastructural projects across the country. He also assured customers of the bank of the safety of their deposits, saying the bank is safe and sound.
Vandalism: Shell shuts Utorogu gas plant in Nigeria
SHELL Petroleum Development Company (SPDC), operated of the Shell/NNPC joint venture on Thursday halted operations at its Utorogu gas plant in the southern Niger Delta following suspected sabotage of the Escravos-Lagos Pipeline system.
Cost of funds hit 23% as scarcity of funds intensifies
The scarcity of funds (liquidity squeeze) in the interbank money market intensified last week prompting cost of funds to rise to 23 per cent
Cash calls: Revenue Commission worried by NNPC’s role
ABUJA -THE Revenue mobilisation Allocation and Fiscal Commission (RMAFC) on Friday warned that the execution of the joint venture cash calls (JVCC) initiated by the Nigerian National Petroleum Corporation (NNPC) was having an adverse effect on the nation’s economy.
