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ATM records N39.15trn transactions in Q4 2018

The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018.
L-R Toby Shapshak, Keynote Speaker; Funke Opeke, CEO, MainOne; and Libby Barr, Chief Operating Officer, Avanti Communications at Nerds Unite 2019, MainOne’s annual IT event at Oriental recently

Avanti partners MainOne to improve broadband penetration in Nigeria

Under this arrangement, MainOne will leverage Avanti’s newest satellite, HYLAS 4, launched in April 2018 to enable highly flexible capacity services with 100% country coverage of Nigeria.

NNPC increases gas supply to power, records monthly trading surplus of ₦2.06 billion

A total of 735 Million Standard Cubic Feet of gas per day (mmscfd) was delivered to gas fired-power plants in November 2018 compared with October 2018 where an average of 627mmscfd was supplied, a release by the Nigerian National Petroleum Corporation Group General Manager, Group Public Affairs Division, Ndu Ughamadu, said in Abuja.
Dmitry Medvedev

Russia announces financial injections into Crimea

In the next four years, Moscow will allocate about 310 bn rubles (€4 bn) for the development of infrastructure in Crimea, Russian Prime Minister Dmitry Medvedev promised.

Lai Mohammed: No shortcut to wealth, success

The Minister of Information and Culture, Alhaji Lai Mohammed, has admonished Nigerian youths to be focussed and assiduous and shun any kind of shortcut to wealth and success.

China’s industrial slowdown hits oil and gas trade

China’s thirst for oil and gas is set to wane this year, though in 2018 it posted a record intake for both crude oil and liquefied natural gas (LNG), cementing its status as the world’s largest oil and second-largest LNG importer.
Zainab Ahmed

Excess crude account declines by $1.68 billion in three weeks

Mahmoud Isa-Dutse, the permanent secretary of the ministry of finance, says the balance of the excess crude account declined by $1.68 billion between November 25 and December 19.
buhari muhammadu

Federal government pledges to sign the Petroleum Industry Bill

The Federal Government has pledged to sign the Petroleum Industry Bill into law once the bill is transmitted to the presidency.

Central bank confirms withdrawal of $3.2 billion from NLNG dividend account in three years

Twenty-two withdrawals totalling 3.12 billion dollars were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years.
Nigerian National Petroleum Corporation (NNPC)

NNPC: 45 withdrawals made from NLNG dividends account in 19 years

There were more revelations Thursday as the Senate Committee on Gas investigating the alleged $1.05 billion withdrawn from the Nigeria National Petroleum Corporation dividends in the Nigeria Liquefied Natural Gas was told that over 45 withdrawals were made from the NLNG dividend account with the Central Bank of Nigeria since 1999.

We’re yet to be paid N800 billion subsidy – petrol marketers

Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Breaching pipelines is suicidal

The Nigerian National Petroleum Corporation (NNPC) has warned vandals and other miscreants to stay clear of the corporation’s facilities including pipelines.

Udoma Udoma: Federal government committed to expanding export of locally produced goods, services

The Minister of Budget and National Planning, Senator Udoma Udo Udoma says the Federal government is committed to the diversification of the country’s economy away from dependence on oil and gas.
Schneider Electric

NCDMB: Schneider Electric gets Nigerian content equipment certificate

The Nigerian Content Development and Monitoring Board (NCDMB) has awarded Schneider Electric in Nigeria the Nigerian Content Equipment Certificate (NCEC), in recognition of its commitment to the local content policy.

NGO tasks oil firms on CSR to host communities

A Non-Governmental Organization (NGO), Connected Development (CODE), has advocated that it is pertinent for government to have a transparent role in ensuring accountability of oil companies in order to make positive impacts on host communities.
Nigerian National Petroleum Corporation (NNPC)

NNPC nets $470 million from oil, gas export in August

The Nigerian National Petroleum Corporation (NNPC) on Wednesday, released its August 2018 operational report, disclosing that crude oil and gas export sale was $470million, indicating a growth of about $78million in relation to July oil and gas export figures of $391.91million.

Senate sets up committee to investigate NNPC’s withdrawal of $3.5 billion from NLNG Account

The Nigerian Senate on Tuesday set up a committee to investigate the alleged unauthorized withdrawal of $3.5 billion by the Nigerian National Petroleum Corporation, NNPC, from the account of the Nigerian Liquefied Natural Gas company, NLNG.
tiger nuts

Nutritionist harps on health benefits of tiger nuts

A Nutritionist, Dr Grace Johnson, has advised Nigerians to consume tiger nuts for its numerous nutritional and health benefits, describing it as “an amazing food for anyone”.

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Nigeria’s downstream sector records $56 billion revenue yearly

Nigeria’s downstream sector records a yearly income of 56 billion dollars, Mr Abayomi Awobokun, Chief Executive Officer, Enyo Retail and Supply Limited, has said.
Arsene Wenger

David Seaman: Arsene Wenger would be ‘great’ as Chelsea boss

Former Arsenal goalkeeper David Seaman has suggested Arsene Wenger could be the ideal replacement for Maurizio Sarri at Chelsea.
Beni Lar

Beni Lar: My constituency under siege

A member of the National Assembly representing Langtang South/Langtang North Federal Constituency of Plateau State, Hon Beni Lar, has cried out that her constituency is under siege of political thugs ahead of the rescheduled presidential and National Assembly elections holding on Saturday.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Kailani Muhammad: Atiku Abubakar is desperate to be president

A chieftain of the ruling All Progressives Congress (APC), and strong ally of President Muhammadu Buhari, Engr. Kailani Muhammad, has said that, the presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, is desperate to be president of Nigeria.

Suspected herdsmen kill 16, injure two in Benue

Suspected herdsmen on Wednesday killed 16 persons and injured two others during an invasion of Ebete community in Usha council ward of Agatu Local Government Area of Benue State.