NINE years after its botched plan to demolish several structures in Mpape, a bustling town adjacent the highbrow Maitama District in Abuja, the Federal Capital Territory Administration FCTA on Wednesday rolled out its bulldozers, pulling down over 2, 000 illegal…
THE Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Regulation Department, addressed to…
Namibia’s competitive petroleum exploration scene has helped the state-owned NAMCOR to take a stand in shaping the country’s prospects HISTORICALLY overlooked by independent oil companies (IOCs) and considered something of an oil and gas frontier state, Namibia is establishing itself…
How FG plans to spend N982.7bn THE federal government plans to spend N859.397 billion of the 2021 Supplementary Budget, recently passed by the National Assembly, on capital projects, while N123.332 billion would be spent on recurrent expenditure. The government provided…
…1,720GW power equivalent lost in 2 years Gas flare in Nigeria’s oil fields fell by 0.33 percent in the first quarter of 2021 to 45.33 billion cubic feet, BCF, compared to 45.48BCF of gas flared in the fourth quarter of…
IN a bid to strengthen and reposition the Nigerian National Petroleum Corporation (NNPC) towards attaining global excellence and profitability, the Management of the Corporation has announced the promotion and redeployment of some staff members to fill key vacant positions. In…
…Targets 3m jobs, receives 77 applications THE Federal Government weekend gave conditions under which companies and start-up businesses can access the N250 billion National Gas Expansion Fund set up by the Central Bank of Nigeria, CBN, to boost gas usage…
Resident doctors and the Federal Government are sticking to their rigid positions on their dispute, thus indicating that the end to the strike, which enters day five today, is not in sight WITH an army of over 16,000 doctors, the…
THE Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, today August 4, 2021 arraigned one Yusuf Yakubu before Justice Sanusi Ma’aji of the Kano State High Court on a one count charge of misappropriation. The defendant allegedly…
THE Federal Executive Council (FEC) has approved the sum of 11.17 billion dollars to link all Nigeria’s coastal cities by rail in six years. Lai Mohammed, Minister of Information and Culture, briefed State House correspondents after the virtual FEC meeting …
