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Obaseki’s industrialisation drive gets boost as FG energises CCETC-Ossiomo 55MW Power Plant
All is set for the testing and certification of the Governor Godwin Obaseki-backed CCETC-Ossiomo Independent Power Plant (IPP) by the Nigeria Electricity Services Agency (NEMSA), as the agency energises the 33KV Transmission line, next…
NLNG denies withdrawal of $1.05b from Dividend Account
The Nigeria Liquefied Natural Gas Limited, (NLNG), has dismissed as false, reports that it illegally withdrew the sum of $1.05 billion from its dividend account with the Nigerian National Petroleum Corporation (NNPC).
NLNG’s General…
CBN seeks powers to freeze accounts linked to criminals
The Central Bank of Nigeria is seeking statutory powers to freeze accounts linked to criminals in the country.
The CBN disclosed this in a presentation at a public hearing organised by the Senate on a Bill for an Act to Repeal the Banks…
Abrupt Relocation of Tank Farms, Petroleum Products Depots could endanger economy, NNPC warns
The Nigerian National Petroleum Corporation (NNPC) on Wednesday warned against an abrupt relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country as that could…
Nigeria earned $206.06bn from crude oil in last five years… OPEC
Nigeria earned a total of $206.06bn from crude oil exports in the last five years, according to the Organisation of Petroleum Exporting Countries.
Nigeria is Africa’s largest oil producer.
OPEC disclosed in its 2020 Annual Statistical…
CBN Unveils Non-Interest Guidelines for AGSMEIS, MSMEDF, Others
The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises…