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The NNPC has reportedly issued award letters for highly sought-after contracts to exchange crude oil for imported fuel, with some Nigerian oil firms beneficiaries.
The NNPC, Nigeria’s state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 crude for refined products programme tagged Direct Sale, Direct Purchase (DSDP).
The Nigerian National Petroleum Corporation (NNPC) could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official told Reuters on Monday.
Oil prices hit a four-year high of $81.48 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming sanctions against Iranian oil.
Oil prices jumped more than two per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production.
A Financial analyst and the chairman board of trustees of Chartered institute of Development and Social Studies, Mr Shae Bebeyi, has called on the federal government to shelve the idea of borrowing the proposed $22.7 billion saying it will at the long run create more hardships for Nigerians.
Business experts and microfinance directors have identified lack of integrity and corporate governance as part of reasons why many small and medium businesses (SMEs) struggle to survive in the present economic situation.
The House of Representatives has set up an inquiry into allegations that the management of the Nigeria Social Insurance Trust Fund (NSITF) pilfered N2.3billion of workers’ funds. The motion to probe the agency was sponsored by Rep. Francis Ejiroghene Waive.
A Non Governmental Organisation known as Mercy Corps Nigeria (MCN) has revealed through research that no less than 13.2 million Nigerian children are out of school in the country.
The regulatory body represented on the National Frequency Management Council (NFMC), in conjunction with the National Broadcast Commission, (NBC) has been charged with the responsibility to propose subsidiary legislation to support existing Act for enhanced efficiency and fairness to consumers. It is also to ensure that consumers are not been exploited by Satellite Television station providers.
No fewer than 2,000 runners, including 30 elite athletes, have confirmed participation in the Ikogosi Marathon race billed for Ikogosi-Ekiti on Saturday, the organisers have revealed, even as Ekiti State Governor, Kayode Fayemi, has assured participants in the race of adequate security and conducive environment for a hitch-free competition.
The Senate on Wednesday began the confirmation process of Mohammad Mamman Nami as the Chairman, Federal Inland Revenue Service, FIRS.
An Algerian court sentenced two former prime ministers to long jail terms Tuesday in the first of a string of high-profile corruption trials launched after longtime president Abdelaziz Bouteflika resigned in the face of mass protests in April.
President of the Senate, Ahmad Lawan, on Sunday advanced reasons why the ninth Senate is in a hurry to deliver on some of the targets set in its legislative agenda. Lawan said the Senate is conscious of the need to act very fast before the 2023 politics start to slow down governance.
Anthony Joshua’s net worth is set to double after regaining the IBF, WBA, WBO and IBO heavyweight belts from Andy Ruiz Jnr in Saudi Arabia on Saturday night.