The President of the Petroleum and Natural Gas Senior Association of Nigeria, Mr Festus Osifo, has identified reasons for persistent queues in filling stations across the country. Speaking at the ongoing 2024 PENGASSAN Energy and Labour Summit in Abuja on…
The Federal Government through the Rural Electrification Agency has installed power plants in six federal universities as part of efforts to provide reliable power to critical sectors of society. This was as the agency stated that it had made significant…
The Federal Government’s fiscal deficit rose month-on-month by 0.1 per cent to N824.79bn in April from N823.91bn in March, the Central Bank of Nigeria disclosed in its April 2024 Monthly Economic Report. A fiscal deficit is a shortfall in a…
The Nigerian National Petroleum Company Limited says neither President Bola Tinubu nor Mr Wale Tinubu of Oando Plc has an interest in the acquisition of OVH by NNPC. NNPC, in a statement by its spokesperson, Olufemi Soneye, was reacting to…
Oando Plc has acquired a 100 per cent stake in the Nigerian Agip Oil Company from Italian energy firm, Eni, in a deal valued at $783m. In a corporate notice filed on the Nigeria Exchange Limited on Thursday, Oando noted…
Nigerian banks have contributed over N300m to the Human Capital Retention Fund set up by the Chartered Institute of Bankers of Nigeria. This was disclosed by the President/Chairman of the Council of the institute, Professor Pius Olanrewaju, on Thursday during…
The Commissioner for Insurance/Chief Executive Officer of the National Insurance Commission, Olusegun Omosehin, has revealed that there are some ailing entities in the sector that the regulator is managing. He said this on Wednesday at an interactive session with journalists…
Urban Living Development has reiterated its commitment to redefining Lagos’s real estate landscape. According to a statement on Wednesday, the firm also unveiled its latest project, Mega Bungalows, in the Ketu Epe area of Lagos State. The Managing Director of…
In a bid to recognise and reward young business owners contributing to the economic growth of Lagos State, Acme Multimedia Integration, LAPO Microfinance Bank Plc, and Grand Oak have collaborated to organise the fifth edition of the Lagos Young Entrepreneurs…
Oando PLC says it has completed the acquisition of 100 per cent shares of Nigerian Agip Oil Company Limited. The company made this known in a statement on Thursday, saying “Today marks a historic milestone for Oando PLC as we…
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