OTHER BUSINESSES

Nigeria National Petroleum Corporation (NNPC) is in the final stage of signing $6 billion worth of deals to exchange more than 300,000 barrels per day (bpd) of crude oil for imported gasoline and diesel, sources with direct knowledge of the process told Reuters. The contracts, which come three months later...

The management of the Oil and Gas Free Zones Authority (OGFZA) has commended Governor Seriake Dickson of Bayelsa State for his numerous efforts in attracting investors to the state which includes creating the right atmosphere for investment opportunities. Managing Director and Chief Executive Officer of the authority, Mr. Umana Okon...

Barely five months after the launch of the much-anticipated Nigerian hospitality report, Jumia Travel, the leading online travel agency, set to launch a report on the African hospitality industry on Thursday, May 25, 2017 in Lagos. The company will also be sharing how some of its new travel products are...

The Executive Vice Chairman, Nigeria Communications Commission, NCC, Umar Danbatta, on Wednesday said more than one million consumers activated the 2442 Do-Not-Disturb code within two months. Mr. Danbatta made this known during the Lagos Launch of 2017 as Year of the Nigerian Telecom Consumer. He said that the response of...

The Lagos State Government has inaugurated the state-owned oil company, Ibile Oil and Gas Corporation (IOGC) to serve as a business arm of the state in the oil and gas industry. At the inauguration ceremony the state Governor, Akinwunmi Ambode, said the initiative was in line with government’s determination to...

The Nigerian National Petroleum Corporation (NNPC) says it will resume oil exploration in the Lake Chad Basin of Borno state. The Group Managing Director of NNPC, Dr Maikanti Baru, disclosed this when he visited Gov. Kashim Shettima at the Government House in Maiduguri on Monday. Baru was represented at the...

About 100 countries have reported a cyberattack that has infected tens of thousands of computers and especially disrupted Britain’s health system and global shipper FedEx. Cyber extortionists tricked victims into opening malicious malware attachments to spam emails that appeared to contain invoices, job offers, security warnings and other legitimate files....

The Central Bank of Nigeria (CBN) has disclosed that a total of N606.2 million was guaranteed to 3,793 farmers under the Agricultural Credit Guarantee Scheme (ACGS) in January 2017. The CBN in its economy report for 2017 said the N606.2 million represented a decline of 25.3 per cent below the...

The Managing Director, Oando Plc, Mr Wale Tinubu on Thursday said that the company would seek approval from the Federal Government for the refurbishment of one or two refineries to end fuel importation in the country. Oando boss broke the good news at the Facts behind the Figures presentation of...

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has said that oil companies in the country will start refining crude before 2019. He said this while speaking with State House Correspondents shortly after meeting with Acting President Yemi Osinbajo and top management of Agip Oil Company in the...