Category: Business

NNPC subsidiary declares N15.8 billion profit after tax

The Nigerian National Petroleum Corporation, NNPC, says Nigerian Gas Processing and Transportation Company Ltd., NGPTC, one of its subsidiary companies, has declared a...

NNPC/Chevron deworm 60,000 pupils in Ondo

The Nigerian National Petroleum Corporation (NNPC)/Chevron Joint Venture has commenced Mass Deworming Programme that will cover 60,000 pupils in Ondo State. The...

Nigeria will soon drink her crude oil – Oby Ezekwesili

Oby Ezekwesili, former minister of education, says Nigeria will be forced to drink her crude oil very soon. She said the country risks losing its grip on crude oil as...

Central bank recovers N50bn excess charges from banks

The Acting Director of Corporate Communications at the Central Bank of Nigeria (CBN), Mr. Isaac Okorafor, has said the nation’s apex financial institution has...

India unveils $2.5 billion plan to electrify all households by end 2018

India’s Prime Minister, Narendra Modi, on Monday launched a 2.5-billion-dollar project to electrify the country’s households by the end of 2018. More than 40 million...

Nigeria records N13.5bn from cashew nuts

Nigeria’s effort to diversify the economy appears to be yielding results with increased revenue from cashew nuts and other agriculture products’ export. The Minister...

Nigeria To Withdraw From 90 International Organizations

The Federal Government says it has begun the process of terminating its membership of 90 international organisations out of the 310 bodies it belongs to. This was...

British Airways (BA), sacks cabin crew over alleged racist comments against Nigerians

The British Airways (BA) has sacked a member of its cabin crew who allegedly made racist comments against Nigerians on board a flight from London Heathrow to Abuja....

NNPC subsidiary, NETCO, records N5.1bn profit

The National Engineering and Technical Company Limited (NETCO), has recorded a profit after tax of N5.1 billion for 2015 and 2016 financial year. The breakdown shows...

CBN: 20,684 assets valued at N392bn on collateral registry

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has revealed that movable assets valued at N392 billion have been registered on the National Collateral...