Eastern Ports Rehabilitation: FG awards Escravos Channel dredging, breakwater reconstruction
As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
Fuel subsidy payment rises to N17bn in one month
Fuel subsidy payment incurred by the Nigerian National Petroleum Corporation, NNPC, rose by N9.94 billion to N16.785 billion. This was to ensure that the price of Premium Motor Spirit, also known as petrol, did not rise above the official rate of N145 per litre.
Fuel Crisis: LCCI seeks urgent review of current policy framework
The Lagos Chamber of Commerce and Industry, LCCI, said the recent fuel crisis once again underscores the need to urgently review the current policy framework for the petroleum downstream segment of the oil and gas industry.
NDIC seeks transparent selection system for banks’ independent directors
Nigeria Deposit Insurance Corporation (NDIC) has called on the Institute of Directors (IoD) to come up with a transparent and rigorous system of selecting independent directors of banks.
Power generation hits 4350MW as epileptic supply persists
The country’s power generation rose to a peak of 4, 351.70 Mega Watts, MW on Friday, even as power supply remains abysmally epileptic.
Fuel Scarcity: Loading resumes in Ejigbo satelite depot
THE scarcity of petrol is expected to be eased up in Lagos and its environs, as the Nigerian National Petroleum Corporation, NNPC said it has resumed loading at Ejigbo.
