NNPC reports fire outbreak at Ibadan Depot

… Says Loading to Resume in 48 Hours By Etuka Sunday The Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja announced a minor fire incident involving some fuel trucks at the loading bay of the Ibadan Depot operated by the corporation’s Downstream subsidiary, Nigerian Pipelines and Storage Company (NPSC). A statement by the NNPC Group More...

by new | Published 2 weeks ago
By new On Thursday, September 12th, 2019
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FEC raises VAT to 7.2 percent, proposes N10.07tr 2020 budget

By Lawrence Olaoye In a bid to raise the nation’s revenue base to meet up with its increased financial obligations, the Federal Executive Council (FEC) has approved an increase in the Value Added Tax (VAT) from More...

By new On Thursday, September 12th, 2019
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FG to deliver four FIDs, tackle crude oil theft

By Etuka Sunday The Federal Government has revealed plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter this year. Minister More...

By new On Wednesday, September 11th, 2019
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Again, CBN injects $210m into Forex Market

By Etuka Sunday The interbank segment of the Foreign Exchange Market has received another boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, September 10, 2019. Figures More...

By new On Wednesday, September 11th, 2019
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FCCPC, SEC Sign MoU on Regulatory Collaboration

By Miriam Humbe The Federal Competition and Consumer Protection Commission (FCCPC) and the Securities and Exchange Commission (SEC) have signed a Memorandum of Understanding (MoU) to foster a mutually beneficial More...

By new On Wednesday, September 11th, 2019
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Kaduna Electric assures Improved Power Supply to Rigasa Communities

The Chief Technical Officer of Kaduna Electric, Engr. Bello Musa, has assured communities in Rigasa of improved power supply as the faulty transformer feeding them has been fixed. Engr. Bello disclosed this to representatives More...

By new On Wednesday, September 11th, 2019
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NAICOM approves Two Takaful Insurance Firms

From Ngozi Onyeakusi, Lagos The National Insurance Commission (NAICOM) has granted approval in principle to Cornerstone Takaful Insurance Company Ltd and Salam Takaful Insurance Company Ltd as Composite Takaful More...

By new On Wednesday, September 11th, 2019
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Insurers inject N371.2bn into Insurers Annuity Business

From Ngozi Onyeakusi, Lagos National Pension Commission (PenCom) has disclosed that retirees from the public and private sectors had since the inception of the Contributory Pension Scheme (CPS) paid premium of N371.21 More...

By new On Wednesday, September 11th, 2019
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AIICO Insurance appoints Olusola Ajayi Executive Director

From Ngozi Onyeakusi, Lagos The Board of Directors of AIICO Insurance Plc has appointed Mr. Olusola Ajayi as Executive Director following a successful assessment and due approval by the National Insurance Commission More...

By new On Wednesday, September 11th, 2019
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Home ownership: Why it pays to take a mortgage than rent

Investopedia defines mortgage as “a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments”. Simply put, a More...