Devakumar Edwin, the Vice President of Dangote Industries Limited, has announced that the Nigerian National Petroleum Commission (NNPC) will become the sole buyer of products from Dangote Refinery as it begins production. According to Edwin, […]
A US federal court has ordered a Nigerian businessman, who last year sought to buy the English football club Sheffield United, to pay more than $250mn in fines and barred him from serving as a director […]
The Nigerian National Petroleum Company Limited finally admitted the company’s “significant debt to petrol suppliers”, saying it poses a threat to the sustainability of fuel supply. There have been reports that a $6 billion debt […]
Misses September 1 deadline If you think getting a $1.5bn cheque for producing nothing is virtually daydreaming, you haven’t met Nigeria’s Port Harcourt refinery. So much of Nigeria’s resources have been wasted under elaborate maintenance […]
The Central Bank of Nigeria has dismissed the Executive Directors of NIRSAL. The Central Bank of Nigeria (CBN) has decided to end the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System […]
As part of measures to foster digital literacy and empower young people in Nigeria, Algorand Foundation, in collaboration with the Taraba State government, launched a week-long program on Monday in Jalingo to train youths in […]
Chief Adeniyi Ajayi, a traditional ruler, the Eletu of Oke-Eletu in the Ikorodu area of Lagos, has been accused of forcefully taking over a landed property belonging to a septuagenarian Mrs. Olaitan Ogunseye. The property, […]
Rotimi Oguneso, a Nigerian lawyer with ties to President Bola Tinubu, pocketed $170,000 as legal fees for his services on the arbitration panel that awarded $70 million against Nigeria over a botched free trade zone […]
The Supreme People’s Procuratorate (SPP) has ordered the arrest of Wang Yilin, former Chairman of the China National Petroleum Corporation (CNPC), on suspicion of bribery, the SPP said on Wednesday. The case of Mr Wang, […]
Oando PLC has successfully completed its acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni for a total consideration of $783 million.The company confirmed via a press release that the deal […]
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