NNPC refinery loses N2b to illegal tappers
The Kaduna Refining and Petrochemical Company Limited (KRPC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), loses an average of N2.2 billion yearly to illegal tapping of its raw…
The Kaduna Refining and Petrochemical Company Limited (KRPC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), loses an average of N2.2 billion yearly to illegal tapping of its raw…
Deposit Money banks have agreed to contribe five per cent of their Profit After Tax (PAT) to a pool of funds to fund eligible bankable projects meant for exports and…
A team of researchers, representing the Africa Rice Center (AfricaRice), the International Rice Research Institute (IRRI) and Wageningen University, has raised the alarm over the enormous economic impact of parasitic…
REUTERS photo U.S. tech giant Intel unveiled plans on Feb. 8 for a $7 billion chip factory in Arizona, in an announcement at the White House with President Donald Trump.…
AFP photo Japanese auto giant Toyota on Feb. 6 revised up its full-year forecast but warned of an uncertain outlook with the car industry bracing for Donald Trump’s U.S. presidency…
The Central Bank of Nigeria (CBN) has tightened its operational guidelines on foreign exchange (forex) trading among banks and other authorised dealers. Defaulting banks risk eight weeks suspension, according to…
AP photo Toyota lost its crown as the world’s top-selling automaker in 2016, company figures showed on Jan. 30, with the Japanese giant overtaken by Volkswagen as the industry prepares…
At the public hearing on the investigation of $22billion OPLs and Oil Mining Leases (OMLs) conducted yesterday by the Gideon Gwani-led ad hoc Committee, the Central Bank of Nigeria (…
General Electric Co has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities. GE’s plan and similar promises from companies…
With Nigeria’s foreign reserve standing at $28.9 billion, the Central Bank of Nigeria (CBN) has warned against reckless depletion of the kitty. Addressing reporters at the end of the bi-monthly…