The Nigerian National Petroleum Corporation (NNPC) yesterday said it would convert the $144 million Premium Motor Spirit (PMS) or petrol foreign exchange (forex) intervention to Automative Gas Oil (AGO) or …
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 Trumpโs 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 worldโs 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 …
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