Ghana oil & gas sector leads in Resource Governance Index 2017 in Africa
A new report has shocked Nigeria’s oil and gas industry to vote the Ghanaian counterpart as the best in the 2017 Resource Governance Index (RGI), making it the best performer in sub-Saharan Africa. The report is the product of 89…
NNPC, JV partners flag off another search for oil in Lagos
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has flagged off fresh search for oil in parts of Lagos. This was made public during the flag-off ceremonies of the NNPC/First E&P Oil Mining Leases (OMLs)…
New security architecture coming for NNPC’s depots, pump stations
To ensure that security around its depots and pump stations to ensure they remain functional, the Nigerian National Petroleum Corporation (NNPC), has mapped out new security strategies around critical installations. NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, said…
SGF: Babachir Lawal out at last, Boss Mustapha of NIWA in
First step to facing the music of corruption trial for the embattled former suspended Secretary to the Government of the Federation, Babachir Lawal has started on Monday afternoon with the official termination of his appointment and immediately replaced by the…
Intels weighs court action against OGFZA over false allegations
Indications have emerged showing the readiness of leading logistic giant and port concessionaire, Intels Nigeria Limited (INL) to initiate legal action against the Managing Director of the Oil and Gas Export Free Zone Authority (OGFZA), Umana Okon Umana, for levelling…
BVN: Diaspora remittances, financial inclusion may collapse if….
Analysts have started picking holes in the recent High Court order to commercial banks to freeze all accounts without Bank verification Number (BVN). According to them, the order if implemented will lead to massive drop in Diaspora remittances from Nigerians…
More reasons why CBN can’t achieve rates convergence emerge
The sustained struggle by the Central Bank of Nigeria (CBN) to drive exchange rate convergence in the face of liquidity squeeze and forex crisis is now close to one year without the expected result. There were signals that the target…
Experts query CBN on how it can achieve single digit inflation in 2018
Last week’s speculative position of the Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele, that he expected the inflation rate to fall at a faster pace and hit high single-digit rates mid-next year has attracted divided attention from financial experts….
Strike balance between work, home affairs, Don tells Nigerian workers
…Business Hilights hails Chevron, PAU partnership Nigerian workers both men and women have been charged to always strike a comfortable balance between their official activities and family management to limit the chances of marriage breakup and being seen by other…
MTN weeds away 50.3m subscribers’ through value redefinition in W’Africa
A new initiative introduced by MTN Group to really track and remain with real subscribers on its networks across West Africa, tagged ‘Subscriber-redefinition’, has weeded away about 50.3m liability subscribers. An official of the company explained that the exercise was…
