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…
Transcorp Hotels Plc has announced its un-audited financial statements for the half year ended June 30, 2021. The results published on the Nigerian Exchange Group showed that revenue rose by 84% to N8.4bn from N4.5bn in June 2020, while total assets rose by 5.27% to N119bn from N113bn during the period under review. Shareholders’ funds stood at N61bn, maintaining…
…Seeks adequate security of Ekiti workers By Mike Adebayo, Ado-Ekiti Security agents have been admonished not to relent in finding effective and lasting solutions to insecurity menace in the country, Nigerian NewsDirect reports. Chairman of the Nigeria Labour Congress (NLC),…
By Uthman Salami The ruling All Progressive Confess (APC) has advised the People’s Democratic Party (PDP) to imbibe internal democracy and shun corruption as atonement for 16 years of mismanaging Nigerian’ wealth. This advice, came in response to a statement…
FBN Holdings Plc has posted a profit before tax (PBT) of N45.2 billion in its unaudited financial results for the half year (H1) ended June 30. The profit before tax rose by 9.2 per cent when compared with N41.4 billion…
By Kayode Tokede Union Bank of Nigeria Plc maintained growth in key financial parameters in its half year (H1) ended June 30, 2021 result and accounts submitted on the Nigerian Exchange Limited (NGX) last week. The bank in the period…
Bankole Taiwo, Abeokuta The newly elected All Progressives Congress (APC) ward leaders have been advised to see their election as a call to duty which requires utmost sense of responsibility on their parts. The Ogun state Deputy Governor Engr Noimot…
By Akintunde Jacobs, Akure The National Association of Seadogs (NAS), also known as Pyrates Confraternity, has tasked state governments to adopt the National Drugs Law Enforcement Agency (NDLEA) designed drug abuse awareness in their school curriculum. Mr Nwankpa Chinazom, State…
