Business

The Nigerian National Petroleum Corporation (NNPC) on Tuesday said out of the 35 interests that were indicated in modular refineries, the Department of Petroleum Resources (DPR) had issued licences to 13. The Group Managing Director, Dr. Maikanti Baru, who made this disclosure, said he had already been invited to the ground breaking of the first one in Bayelsa State in …

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Nigerian Association for Young Adults of Canada (NAYA), a non-profit organization registered and incorporated with the Government of Canada is committed to providing sustainable platform for positive youth development and to strengthen communities through humanitarian services. This was disclosed by the National President of NAYA, Mr. Shola Agboola in an exclusive interview with natinalwire. He said as a vibrant organization, …

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Photo Caption: From Left; Dr. Ore Sofekun, Managing Director, Vencap Limited; Mrs. Tope Omojokun, Managing Director, Investment-one Funds Management Limited; Mr. Bola Adeeko, Head, Shared Services, The Nigerian Stock Exchange (NSE); Mrs. Adejoke Chukwuma, Chairperson, Investment-one Funds Management Limited; Mr. Tony Ibeziako, Ag. Head, Listings Business Division, NSE; Mr. Azubuike Okonkwo – Director, Investment-one Funds Management Limited and Mrs. Gbemi …

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Following the crisis rocking the National Union of Road Transport Workers (NURTW), Lagos Island Chapter, the state government on Tuesday ordered the immediate suspension of all union activities on the Island indefinitely. The state’s Commissioner of Police, Imohimi Edgal, who disclosed this in Lagos, shortly after the Security Council Meeting chaired by Governor Akinwunmi Ambode, said the decision was to …

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Former President Olusegun Obasanjo has warned President Muhammadu Buhari against participating in the 2019 presidential election. Although Buhari has not publicly declared interest in the 2019 race, there are clear indications that the president is interested in seeking another term. Stakeholders in the ruling All Progressives Congress (APC) have endorsed him, while his reelection campaign office has been launched in …

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Folake Sokoya Contrary to claims by the opposition party, the Kwara State Government says it has always made use of local contractors in the execution of road projects in the state. The Senior Special Assistant on Media and Communication to the State Governor, Dr Muyideen Akorede said this while featuring on a radio programme, tagged ‘Ibi Abashe de on Tuesday, …

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Out of a total active labour force of 85.08 million people in Nigeria, about 16 million people were unemployed in the third quarter of 2017, the National Bureau of Statistics, NBS, has said. This was contained in a report on Labour Force Statistics in the third quarter of 2017 published on the bureau’s website on Monday. The report said the …

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The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million  to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement on Monday in Abuja said the fund would ensure that legitimate demands for foreign exchange are met. He said that the CBN offered $100 …

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Over N4.03 trillion was collected as revenue in 2017 as the Federal Inland Revenue Service (FIRS) recorded 82.38 percent success in its projected income of N4.89 trillion for the year. However, the revenue is N720 billion more than the 2016 total collection figure of N3.3 trillion. Details of sectorial contributions showed that taxes from non-oil sources accounted for 63 per …

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Nigerian National Petroleum Corporation (NNPC) is to build more depots across the Country. NNPC Group Managing Director, Dr. Maikanti Baru who disclosed this Monday in Abuja while inaugurating the board of one of its downstream Companies, NNPC Retail limited, said the addition to the corporation’s existing 23 depots nationwide would ease products supply and distribution in the country. Dr. Baru …

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