Category: Business News
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FG laments over N37bn debt owed by airlines
The Federal Government has raised concerns over a 37 billion naira debt owed by airlines. The Minister of Aviation, Hadi Sirika told a media conference today that the airline debt owed agencies like Nigeria Airspace Management Agency (NAMA), Nigerian Civil Aviation Authority (NCAA), Federal Airport Authority of Nigeria (FAAN) has accumulated for over thirteen years…
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NNPC Commits to Ensuring Energy Sufficiency, Wealth Creation for Nigerians
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, made this assertion while delivering the keynote address at the 2021 Nigeria Oil and Gas Conference and…
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Fidelity Bank clears air on alleged probe of immediate past MD/CEO, Nnamdi Okonkwo
The management of Fidelity Bank Plc has denied information making the rounds in some sections of the online media (TheNewsGuru, TNG not included) that it’s board has approved the probe of the bank’s immediate past Managing Director/Chief Executive Officer, Nnamdi Okonkwo. The bank in a statement on Tuesday by its Brand and Communications Manager, Ejike…
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OPEC commends Buhari, NASS on PIB
The Organisation of Petroleum Exporting Countries (OPEC) has commended President Muhammadu Buhari and the National Assembly on the passage of the Petroleum Industry Bill by the National Assembly. OPEC Secretary-General, Dr Mohammad Barkindo, gave the commendation at the ongoing 20th Nigeria Oil and Gas Conference (NOG) in Abuja, on Tuesday. The theme of the conference…
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We will patronise Dangote refinery – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) has expressed interest to lift refined petroleum products from the Dangote Refinery, Lagos which is at completion stage. The Dangote Group made the announcement in a statement posted on its website on Sunday. The statement said the marketers made the request during a recent visit to the…
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NNPC, Partners to Rake in over $760million Revenue from OML 130 Gas Supply Agreements
The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed Thursday at the NNPC Towers. The agreements which are part of…
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Fidelity Bank Receives Allied Food & Confectionery Services EXCO Members
Fidelity Bank, as a purpose-driven financial institution, makes concerted efforts to forge alliances with forward-thinking companies, working together to grow the Nigerian economy. Just recently, EXCO members of the Bank led by Managing Director/CEO, Mrs. Nneka Onyeali-Ikpe received Mr. Antoine Zammarieh, Managing Director, Allied Food & Confectionery Services Limited (Franchisee of Burger King in Nigeria),…
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Ecobank Nigeria To Launch Bespoke Women Empowerment Initiative, Ellevate
All is set for the launch of “Ellevate”, a bespoke women empowerment proposition of the Ecobank Group. Ellevate is targeted at empowering women-owned, and women-focused businesses in Nigeria. Executive Director, Commercial Banking, Carol Oyedeji said the initiative which is scheduled for launch on July 7, 2021 in Lagos (Registration link https://bit.ly/3hDPHkT ), is specially designed…
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Transcorp Energy presents alternative energy solution to Nigeria
Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, one of Nigeria’s leading power producers, announced an alternative energy solution to Nigeria, as part of its broader integrated energy strategy. Unveiling Transcorp’s alternative energy plan at a meeting with the Honourable Minister of Science & Technology, Dr. Ogbonnaya Onu, Peter Ikenga, the Head…
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Delta ready to partner FG on AfCFTA – Okowa
Gov. Ifeanyi Okowa of Delta on Tuesday said that his administration would partner the Federal Government toward domesticating the African Continental Free Trade Area (AfCFTA) agreement. The governor gave the assurance in a meeting with a Federal Government Trade delegation led by the Minister for Industry, Trade and Investment, Mr Niyi Adebayo, in Asaba. He…