Category: Business News
Business News
Provision of uninterrupted supply for varsity students, no a mere 'streetlighting' – Fashola
The Ministry of Power, Works and Housing wishes to restate that the Energizing Education Programme (EEP) of the Federal Government is aimed at rejuvenating the nation’s education system by providing uninterrupted power supply to a total of 37 federal universities and 7 university teaching hospitals.This clarification has become necessary in the light of the misrepresentation…
Baru disclaims allegation linking Kyari to N50bn funds kept away from TSA
The Nigerian National Petroleum Corporation (NNPC) has disclaimed the allegation that its Group Managing Director, Dr. Maikanti Baru, had ever stated in any fora that the Chief of Staff to the President, Mallam Abba Kyari, “directed the Corporation to keep the sum of N50billion away from the Treasury Single Account (TSA).”NNPC wishes to state that the…
Fuel scarcity: Monitoring team uncovers 144 trucks of hoarded petrol
By Oke Peter Security agents and Nigerian National Petroleum Corporation (NNPC) monitoring team have discovered 144 trucks of petrol not streamed by some marketers in Kano. The NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, made this known in a statement in Abuja on Friday. Ughamadu stated that the team was set up to…
Fuel scarcity: Monitoring team uncovers 144 trucks of hoarded petrol
By Oke Peter Security agents and Nigerian National Petroleum Corporation (NNPC) monitoring team have discovered 144 trucks of petrol not streamed by some marketers in Kano. The NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, made this known in a statement in Abuja on Friday. Ughamadu stated that the team was set up to…
Monitoring team uncovers 144 trucks of hoarded petrol
By Oke Peter Security agents and Nigerian National Petroleum Corporation (NNPC) monitoring team have discovered 144 trucks of petrol not streamed by some marketers in Kano. The NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, made this known in a statement in Abuja on Friday. Ughamadu stated that the team was set up to…
Senate queries N10b solar power project for varsities
By Oke Peter The Senate Committee on Power, Steel Development and Metallurgy, on Thursday questioned the Rural Electrification Agency (REA) over a N10 billion solar power projects for nine universities in the country. Committee Chairman, Senator Enyinnaya Abaribe, who led the budget defence session of agencies under the committee said it was unbelievable that REA…
HPC, Vitol set to develop crude oil terminal in Port of Corpus Christi
In response to increased demand for crude transportation from South Texas and the Permian Basin, Harvest Pipeline Company (an affiliate of Hilcorp Energy Company) and Vitol Inc. have established an agreement to explore joint development of a state of the art crude oil terminal to be located in the Port of Corpus Christi. “The agreement…
Senate pledges support to Nigerian electricity market
By Oke Peter The Chairman of the Senate Committee on Privatisation, Senator Ben Murray Bruce has pledged the commitment of the upper legislative chamber to resolving all crises bedeviling the nation’s power sector and restoring investors’ confidence in the sector. He made the pledge yesterday in Kaduna when he led members of the Senate Committee…
Intellectual devt of youth necessary for sustainable growth -Baru, NNPC GMD …As Gaius-Obaseki pledges support for NNPC management
Leaders at all levels in the country have been called upon to pay attention to the intellectual development of the youth if the country must attain sustainable growth. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, gave this charge at a book launch in Abuja today. Dr. Baru who was…
Petrobras, ExxonMobil to form strategic alliance
Petrobras and ExxonMobil today signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of ExxonMobil Exploration Company. Petrobras and ExxonMobil will…