How to harness gas flaring for aggregate national development, by Derefaka
ABSTRACT: Global energy demand will nearly double by 2050. Most of the increase will come from the world’s emerging economies as a result of population growth and improved standards of living. The Nigerian Gas Flare Commercialization Programme (NGFCP) will play…
CBN silent on latest Fitch rating on Tier-1 banks’ over operating environment
Barely four days after the global financial rating agency, Fitch Ratings expressed fresh concerns over government and regulatory ability to support the Nigerian banking industry, the Central Bank of Nigeria (CBN), has remained mute. Fitch had earlier in the week,…
Glo customers fete with celebrities at launch of new Gloworld Outlet on A’Avenue
…Wins two awards for outstanding contributions to the country Deepening Globacom voice and data services across the nation and the recent unveiling of new outlet on the posh Allen Avenue attracted array of Nollywood, Comedians and music stars to the…
Societe Generale Bank avoids Nigeria in new 19 African nation’s growth strategy
Pan African financial institution, Societe Generale Bank has drawn up strategic development plan for all 19 countries of its operations in Africa excluding Nigeria. Business Hilights recalls that the bank which had been in Nigeria pulled out due to issues…
Irony: Nigeria imports $3.3b steel products yearly, can’t complete Ajaokuta with $1.21bn
The revelation of the Minister of State for Mines and Steel Development, Abubakar Bwari, at the recent 16th Mines and Money in London, that Nigeria imports $3.3 billion worth of steel and associated derivatives yearly, has continued to raise concerns…
Good news in SE as NNPC resumes fuel sales from Enugu, Aba depots Dec 1
Strong indications have emerged that the seasonal fuel scarcity that usually characterizes the entire South East during end of the year yuletide may not resurface this year. Reason; the Managing Director of the Petroleum Products Marketing Company (PPMC), a subsidiary…
NPA refutes report, says 2017 operating surplus already remitted
The Management of the Nigerian Ports Authority (NPA), has reacted to newspaper reports alleging that the Authority has failed to remit the sum of N177b Operating Surplus from its 2017 revenue to the Consolidated Federation Account, saying it had long…
Osinbajo’s SIP tour forces PDP to review grassroots strategy ahead of 2019
The overbearing influence so far generated by the sharing of soft interest-free loans to Nigerians in the grassroots under the National Social Intervention Programme (NSIP) ahead of 2019 elections may have forced the National Chairman of the Peoples Democratic Party…
Dangote Refinery won’t sell fuel at government regulated price—Minister
Minister of State for Petroleum Resources, Dr Ibe Kachukwu has revealed that the emerging 650,000bpd oil refinery in Lagos, is not coming to sell Premium Motor Spirit (PMS) popularly called petrol or any of its products at government regulated prices….
Moody’s report sees Diamond Bank’s solvency crisis deepening
Though the Diamond Bank Plc management had denied any form of talks bordering on either buy over or mega loan discussions with any other bank in Nigeria over revelation of its solvency status, the baseline credit assessment (BCA) and adjusted…
