Following the recent directive by the Central Bank of Nigeria (CBN) on the sale of foreign exchange (forex) to all bank users nationwide, commercial banks have started reaching out to their esteemed customers about their readiness and creation of teller…
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded N234.63 billion revenue from the sale of white products in the month of March 2021 representing a 24.7% increase from the…
…calls for synergy among govt agencies The Director General of National Agency for Food and Drug Administration and Control, NAFDAC, Prof Moji Adeyeye has decried the incessant rejection of food and agricultural commodities from Nigeria by the United States of…
…declares interim dividend of 2.5 cents per share Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show…
In a bid to stimulate better welfare packages for Nigerian Air Force (NAF) veterans and their families, the Chief of Air Staff (CAS), Air Marshal Oladayo Amao has approved the immediate establishment of the Directorate of Veteran Affairs. The new…
By Kehinde Olaosebikan The Nigerian sports betting and gaming industry has grown astronomically in the last few years. This exceptional growth can be attributed to the large population, especially the number of youths, increased access to digital telephones, successful internet…
By Dakuku Peterside Last week we started a series about possible scenarios in our match to the decisive year 2023. The year 2023 represents a watershed of a sort because the forces at play today in the political space and…
Agency Report Crude oil output from Organization of Petroleum Exporting Countries, OPEC, rose in July to its highest since April 2020. The OPEC, has pumped 26.72 million barrels per day (bpd), up 610,000 bpd from June’s revised estimate with Nigeria…
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the corporation is in the process of establishing two new 200,000 barrels-per-day condensate refineries. According to a statement by NNPC’s Group Managing Director, Mele Kyari, upon completion, the refineries would help…
A faction of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to suspend the supply and distribution of petroleum products to its designated depots in the Eastern zone starting from today. IPMAN’s shun notice was contained…
