Monday, December 9, 2019
Business

Business

Dangote Takes Delivery of Single-train Crude Refining Equipment

The Dangote Oil Refinery Company on Sunday took delivery of what it described as the world’s largest crude distillation equipment. Rajen Sachar, Head, Maritime and Ports Infrastructure of Dangote, told journalists at the arrival of the equipment in Lagos that...

New Oil Discovery To Spur Job Creation- NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari yesterday, said oil discovery in the nation’s inland basin would spur massive job creation. Speaking at the ninth Practical Nigerian Content Summit in Yenegoa, Kyari said the...

Failure of OPEC+ To Deepen Cuts May Drive Oil To $40- Report

New outlook by international observers has shown that a substantial build of global crude stocks and a corresponding drop in oil prices is imminent if additional oil production cuts by OPEC in 2020, is not followed by OPEC+. Empirical evidence...

Stallion Group: Border Closure Very Timely

Anant Badjatya, the agent of Stallion Group in Nigeria, says the decision to close the country’s land borders could not have come at a better time. Badjatya was answering questions from journalists, including TheCable, at a recent event in Lagos. “The...

Nigeria’s Fuel Consumption Down By 30% Since Border Closure- Buhari

President Muhammadu Buhari says domestic fuel consumption in Nigeria has dropped by 30 percent since his administration took the decision to close all land borders. Receiving a delegation of Katsina State Elders Forum at his country home in Daura, the...

Nigeria Meets 100% OPEC Target Agreement – Minister

The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria has met the 100 per cent target agreement entered into by the Organisation of Petroleum Exporting Countries (OPEC) and 10 Non-OPEC Member States. Mr Sylva said this in a...

NPA Renews Commitment With PoA To Enhance Ports’ Capacity

The Nigerian Ports Authority (NPA) has reaffirmed its commitment to strengthen collaboration with Port of Antwerp (PoA) to enhance port activities in Nigeria in a report by the Guardian Nigeria. The Chairman Board of Director, NPA, Emmanuel Adesoye, revealed this...

Nigeria Reiterates Conditions To Reopen Borders With Benin, Others

The Federal Government on Wednesday restated the conditions under which its borders with neighbouring countries will be reopened. The Ministers of Finance, Budget and National Planning, Zainab Ahmed, and her counterpart in the Information and Culture Ministry, Lai Mohammed, said...

Nigeria’s Pension Assets Hit N9.58 trillion

The National Pension Commission (PenCom) says its assets in the contributory pension scheme (CPS) have grown to N9.58 trillion. Aisha Dahir-Umar, acting director-general of the commission, said this on Thursday while speaking at a journalism workshop in Benin, Edo state...

Border Closure Contributing To Rising Inflation-Finance Minister

Zainab Ahmed, minister of finance, says the closure of the country’s land borders is contributing to rising inflation. Last week, the Nigeria Bureau of Statistics (NBS) released figures that showed that the consumer price index, which measures inflation, rose to...

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Stock Exchange Reopens, Shows Positive Signs

For the first in several weeks, equity transactions on the trading floor of the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday, with...

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