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NUPENG orders tanker drivers to suspend services in Lagos from Monday
The National Leadership of the Nigeria Union of Petroleum and Natural Gas Workers on Friday directed petroleum tanker drivers to withdraw their services from Lagos State from Monday, August 10.
NUPENG gave the directive in a…
Kano Govt vows to provide more investment opportunities
By Abdullahi Dankano, Kano
The Kano State Government says it would continue to provide more investment opportunities as means of achieving economic transformation.
The State Deputy Governor, Dr. Nasiru Yusuf Gawuna, stated this when…
Toyota expects 64% fall in annual net profit amid Covid-19 pandemic
Toyota Motor forecasts its net profit for the current financial year will drop by 64.1 per cent from the previous year to 730 billion yen ($6.9 billion) due to the fallout from the COVID-19 pandemic, it said on Thursday.
Japan’s largest…
NNPC generates N2.3tn from petroleum sales in one year
The Nigerian National Petroleum Corporation (NNPC) has said it generated N2.393.88 trillion from the sale of petroleum products from May 2019 to May 2020.
NNPC disclosed this in its May 2020 Monthly Financial and Operations Report (MFOR),…
NCC stops telecoms from charging for money transfer via USSD
The Nigerian Communications Commission (NCC) has directed Mobile Network Operators to stop charging consumers directly for the use of Unstructured Supplementary Service Data channels for financial services in the form of end-user-billing.…
IPMAN directs members to sell petrol at N150 per litre
by Abdullahi Dankano
The Independent Petroleum Marketers Association of Nigeria, IPMAN, Kano chapter, has directed its members to sell Premium Motor Spirit, otherwise known as petroleum at N150 per litre.
The directive was contained…
Virgin Atlantic files for bankruptcy as Covid-19 continues to hurt airlines
Virgin Atlantic has declared itself bankrupt and is seeking protection from creditors in the US, according to a court filing in New York on Tuesday.
The airline is seeking the protection under chapter 15 of the US bankruptcy…
Shell’s gas pipeline project will open Nigeria’s economy says MAN
The Manufacturers Association of Nigeria (MAN) has expressed delight with the role the Shell Nigeria Gas (SNG) Company is playing towards industrialisation in Nigeria through domestic gas supply to industries and manufacturing…
We’re not leaving Nigeria, ShopRite clarifies
ShopRite Nigeria has dismissed as false media reports that it intends to close shop in Nigeria.
The Country Director for Chastex Consult, Ini Archibong, made it clear on Monday that “Shoprite is not leaving Nigeria.
“We have only just…
NNPC GMD vows to reactivate Nigeria’s refineries by 2023
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Mele Kyari has reaffirmed his commitment to ensure that the nation's refineries become fully functional by 2023.
Kyari expressed dismay that
Nigeria’s…