Seplat denies non-remittance of N8.8bn to FG

By Etuka Sunday Seplat Petroleum Development Company Plc has denied the allegation of non-remittance of dues on royalty oil, royalty gas, concessional rental and gas flared penalty from 2013 through 2017, totaling $1.8billion (N8.8billion). The Seplat said, the publication with the headline, “NPDC, Seplat short-changed FG by $1.8bn, N8.8bn –Presidential More...

by Peoples Daily | Published 3 weeks ago
By Peoples Daily On Wednesday, May 29th, 2019
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223 Companies bid to off-take Nigeria’s Natural Gas Liquids

By Etuka Sunday The Nigerian National Petroleum Corporation (NNPC) has commenced the process of expanding the nation’s Liquefied Petroleum Gas (LPG) market through the selection of reputable companies to off-take More...

By Peoples Daily On Wednesday, May 29th, 2019
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Pension Fund Assets peaks at N9.03trn

From Ngozi Onyeakusi, Lagos The National Pension Commission (PenCom) has disclosed that the pension Funds asset has risen to N9.03 trillion as at March 2019, The assets gained N117 billion between February and March More...

By Peoples Daily On Wednesday, May 29th, 2019
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FBNInsuranc settles N4.8bn claims in 2018

From Ngozi Onyeakusi, Lagos FBNInsurance Limited, has settled claims worth N4.8 bn for the financial year ended 31st December 2018. Addressing shareholders at the company’s Annual General Meeting (AGM) in Lagos, More...

By Peoples Daily On Wednesday, May 29th, 2019
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After 4 Years: Assessing Fashola’s Performance in Housing

In a shocking move, President Buhari at resumption of office in 2015 – decided to merge three critical ministries under one minister. The previously separate ministries of Power, Works and Housing became one under More...

By Peoples Daily On Wednesday, May 29th, 2019
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Homes selling for an average of £4,000 more than asking price in Scotland

Across Scotland, on average, properties are selling for £4,000 more than their asking price, with the price for sale increasing across much of the country. In the first quarter of 2019 the average selling price More...

By Peoples Daily On Tuesday, May 28th, 2019
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FG set to issue N15bn Series II Green Bond

By Etuka Sunday Following the Federal Government of Nigeria’s (‘’FGN’s’’) successful debut Green Bond Issuance of N10.69 billion in December 2017 – by which Nigeria became the first African country More...

By Peoples Daily On Tuesday, May 28th, 2019
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SEC warns Market Operators against unethical conduct

By Etuka Sunday The Securities and Exchange Commission, SEC, has warned some Operators in the Capital market to desist from unethical practices that could lead to strict regulatory actions in accordance with the More...

By Peoples Daily On Tuesday, May 28th, 2019
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Oil, gas investment opportunities abound in Africa – Seplat Operations Director

By Etuka Sunday Seplat Petroleum Development Company Plc’s Operations Director, Mr. Effiong Okon, has restated Africa’s stance as the destination for gas development and investment. He gave this insight during More...

By Peoples Daily On Tuesday, May 28th, 2019
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Telecoms contributes 1.9trn to Nigeria Economy in 2018 – NCC

From Ayodele Samuel, Lagos The Nigerian Communications Commission (NCC) says the figures from the National Bureau of Statistics (NBS), at the 4th Quarter 2018, showed contributions of Telecommunications and Information More...