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Mainstream Energy MD Outlines Ways to Stabilise Electricity in Nigeria

The Managing Director of Mainstream Energy Solutions Limited, Engr. LamuAudu,has identified the challenges of power supply in Nigeria. According to him, the irregularity in the supply of electricity in Nigeria is attributable  to a series of problems ranging from inability of generating companies to redeem backlogs of invoices to persistent wasting of energy produced by Generation companies. He made his vie ...

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NNPC Announces New Measures to Ensure Robust Products Supply

The Nigerian National Petroleum Corporation has in stock, a robust inland supply of over 1.2 billion litres of petrol sufficient for more than 34 days forward consumption. The Corporation’s product supply outlook for March to May, 2017, shows that steps have been taken to ensure adequate supply of diesel and aviation fuel. For Automotive Gas Oil and Aviation Turbine Kerosene, NNPC will continue to import to ...

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Economy: CBN, Fiscal Authorities Meet in Abuja

Desirous of monetary and fiscal collaboration in order to pull the Nigerian economy of the current crunch, economic management leaders from the Central Bank of Nigeria (CBN) and the Ministries of Finance, Budget and National Planning as well as Trade and Investment, over the weekend, gathered in Abuja to harmonise their policy perspectives. Speaking at the opening of the two-day Monetary Policy Committee (M ...

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Recession: Nigeria Making Progress With Agriculture, Says Presidency

Efforts to get the nation out of state of misery brought about by economic recession are yielding much results in the area of Agriculture, the Senior Special Assistant on Media and Publicity Garba Shehu told the Pyramid Radio in Kano. According to Malam Garba,"Because the elite don't care for ordinary people they are saying that government is doing nothing but we are doing a lot for ordinary people. They do ...

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Oil and Gas Union Lauds NNPC For Sanitizing Distribution Of Petroleum Products

The Oil and Gas Trainers’ Association (OGTAN) has commended the management of the Nigerian National Petroleum Corporation (NNPC) under the leadership of the Group Managing Director, Dr. Maikanti Baru, for sanitizing the distribution channels of petroleum products in the country. President of OGTAN, Dr. Mayowa Afe, gave this commendation during a courtesy visit to the GMD at the NNPC Towers, Abuja, on Thursd ...

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Yakubu’s Health Failing In Custody, Lawyer Cries Out

The health of former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, is deteriorating in EFCC's custody, his lawyers complained. One of his lawyers who challenged  the conditions of his detention disclosed:  “His health is deteriorating day-after-day.” Family sources have also revealed  that the 62-year-old has been diagnosed with High Blood Pressure (Hyperte ...

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Transcorp Hotels Plc Posts N4.5bn Profits, Announces Dividend Of 40k Per Share

Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc   commended the management and staff of the Company for recording a strong financial and operational performance in the financial year ended 31st December 2016, with improvements across all indices despite the econ ...

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Kaduna Electric Meets Rigasa Community

The Management of Kaduna Electric in a continuous effort to engage the customer and communicate its customer-centric culture has once again held the Customer Appreciation Day/Customer Forum, this time at Rigasa Area Office of Kaduna. In his welcome address, the Business Development and Relationship Officer (BDRO) of Rigasa Area Office, Mr. Ibrahim Mohammed expressed his profound gratitude to the customers f ...

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NNPC Moves to Recover N11bn Missing Petrol from Capital Oil

The Nigerian National Petroleum Corporation (NNPC) on Friday announced measures to achieve full recovery of over 130 million litres of Premium Motor Spirit (PMS), also known as petrol, stored in the facilities of two indigenous downstream operators, MRS Limited and Capital Oil & Gas Limited, under a throughput arrangement to ensure a robust strategic reserve. Providing details of the act by the companie ...

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Elumelu Speaks on Africapitalism to youths at Ghana’s leading institution

Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism.  In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa,   the Group Chairman UBA Plc, and Founder of the Tony Elumelu Foundation, Mr. Tony O. E ...

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EFCC Secures Another Oil Subsidy Conviction

The Economic and Financial Crimes Commission,  EFCC,  on Thursday,  March 16, 2017, secured the conviction of Rowaye  Jubril,  Managing Director,  Brila  Energy Limited,  before Justice Lateefa Okunnu  of the State High Court,  sitting in Ikeja,  Lagos. The convict was arraigned alongside his company,  Brila Energy Limited,  sometime in November 2012 on a 13-count charge bordering on forgery and obtaining m ...

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NNPC Pledges To Intensify Anti-Corruption Drive

The Nigerian National Petroleum Corporation, NNPC has pledged to strengthen the anti-graft war across its value chain to ensure efficiency and optimization of resources. NNPC GMD, Dr. Baru, said as an anti-corruption minded entity, the NNPC had meted out appropriate sanctions against staff found to have flouted established process and procedures. Dr. Baru stated this Thursday in Abuja while receiving the ma ...

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