Senate Probes Poor State of Refineries in Nigeria
The poor state of refineries in Nigeria has come under probe by the Senate Committees on Petroleum Resources. Despite $25 billion dollars spent in the last 25 years, the nation’s…
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Federal Government Expects $150bn from Zero-oil Plan
The Federal Government of Nigeria expects additional $150bn to the foreign reserves through the implementation of the Zero-oil Plan. The Executive Director/Chief Executive, Nigeria Export Promotion Council, Mr. Olusegun Awolowo,…
Continue readingNNPC Swapped N3.04tn Worth of Crude Oil for Refined Products
Latest figures from Nigerian National Petroleum Corporation (NNPC) showed that a total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the…
Continue readingUnion Bank of Nigeria Plc Enters an Agreement to Sell UK Subsidiary
Union Bank of Nigeria Plc, a first-generation bank in Nigeria has entered a Share Sale and Purchase agreement to sell its United Kingdom subsidiary – Union Bank UK Plc. Following…
Continue readingMTN Plans to Strengthen Its Operation in Nigeria with $1.6bn
MTN Group declared that a whooping sum of $1.6bn will be invested to strengthen its operations and network in Nigeria. The Group Chairman, Mr. Mcebisi Jonas made this declaration at…
Continue readingFG Inaugurates Committee for $1.1bn Agriculture Mechanization Scheme
The Federal Government has inaugurated an 18-man committee for the implementation of the $1.1bn agriculture mechanization scheme known as the Green Imperative Programme. Speaking at the inauguration in Abuja, the…
Continue readingCentral Bank of Nigeria Pumps $9.98bn into Forex Market in the 4th Quarter
Central Bank of Nigeria (CBN) sold a total of $9.98 billion to authorized foreign exchange dealers in the fourth quarter of 2019. Of the total, foreign exchange sales to BDCs,…
Continue readingBREAKING: Amu Planks & Building Materials Market at Mushin On Fire
The popular planks & building materials hub at the Olorunsogo area of Mushin is currently on fire. The fire was said to have started at the early hours of Saturday…
Continue readingCBN Monetary Policy Committee (MPC) raises Cash Reserve Ratio From 22.5% to 27.5%
The CBN Monetary Policy Committee has increased the Cash Reserve Ratio from 22.5% to 27.5%. The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, made this known while…
Continue readingNational Council Of Privatization – Invitation To Bid: (LEASE) Sale Of Nigerian Coal Corporation (NCC) Residential Houses/Land In Enugu And Kogi States To The General Public
C.A. CHIZEA & CO.ON BEHALFTHE NATIONAL COUNCIL OF PRIVATIZATIONSECRETARIAT: BUREAU OF PUBLIC ENTERPRISES(LEASE) SALE OF NIGERIAN COAL CORPORATION (NCC)RESIDENTIAL HOUSES/LAND IN ENUGU AND KOGI STATES TO THE GENERAL PUBLICINVITATION TO……
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