Business

Interest rate to remain high amid inflationary pressures — United Capital

Interest rate to remain high amid inflationary pressures — United Capital

By Peter Egwuatu United Capital Plc, has indicated that interest rate in Nigeria is expected to remain high at the backdrop of inflationary pressures in the second half of 2026 H2’26. Speaking at its investor relations roundtable, held in Lagos, with the theme: “Decoding performance insights into United Capital Growth Drives and outlook”, the company’s Group […]
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Shell to supply 45m cubic feet of gas to Aba power plant

Shell to supply 45m cubic feet of gas to Aba power plant

ABUJA-AS part of efforts to ensure adequate gas supply to the188MW Aba Independent Power Plant, towards the effective take-off early next year, Geometric Power Limited, the promoter of the project has signed an agreement with Shell Petroleum Development Corporation, SPDC and its JV partners, Nigerian National Petroleum Corporation, NNPC, Agip Nigeria and Total Nigeria Ltd.

NNPC, Gazprom to set up NiGaz joint venture

NNPC, Gazprom to set up NiGaz joint venture

THE Nigerian National Petroleum Corporation (NNPC) and the Russian Energy giant, Gazprom have signed a Memorandum of Understanding (MOU) to establish an all encompassing joint venture coampany called ‘NiGaz Energy Company Limited’ in pursuit of plans to monetise the country’s huge gas reserves.

Kidnapping: A crime against humanity

Kidnapping: A crime against humanity

IN all the cases we have examined or mentioned there seemed to be a necessity to protest or act, at least in the hearts of the protesters and actors. The Irish Republican Army felt there was need to deploy arms and abduct civilians to harry off the British Imperialist from Irish lands. Al Fattah and Hamas deploying different levels of violence, all fought to achieve one central goal: the independence of Palestine and the liberation of all Palestinian land from occupation and the occupying Israelis.

Gas-powered car: Nipco urges import duty concessions on LPG kits

Gas-powered car: Nipco urges import duty concessions on LPG kits

FOLLOWING the launch of its gas-powered vehicle in Nigeria, Nipco Plc, one of the major players in the downstream sector of the oil and gas industry has called out to the Federal Government to encourage importation of kits by giving concessions and other benefits to cars running on liquefied petroleum gas, LPG.

IPMAN plans to build own refinery

IPMAN plans to build own refinery

ABUJA – THE Independent Petroleum Marketers of Nigeria (IPMAN) has said it plans to build a refinery in the country to reduce the challenges associated with importation of fuel and other petroleum products, a situation which it said has cost the nation millions of dollars in oil revenue.