NNPC tasks professionals on solutions to oil industry challenges

Seeks unimpeded movement of products-bearing tankers The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to proffer solutions to the current challenges facing the industry. The Group... Read more »

FG reduces petrol price to N123.50 per litre

Independent marketers kick The Independent Petroleum Marketers Association (IPMAN) has directed its members to stick to the old price of N125 per liter of petrol, rather than revert to the new pump... Read more »

Lock down: Prices of foodstuff soar as Aro women rush to make last minute purchases

In a state of frenzy, Arochukwu women besieged the Central Market yesterday (Tuesday, March 31), in a last minute rush to purchase and stockpile food, to beat the deadline for the lockdown.... Read more »

Prudential Zenith Life Insurance rolls out services to protect customers against COVID-19 pandemic

In the face of the coronavirus pandemic and the consequent lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help customers cope with the situation. The new services... Read more »

Lockdown: NNPC loading depots to remain operational

…As Corporation assures of nationwide product availability In its bid to ensure that the Presidential directive on the lockdown of some states is adhered without concerns about availability of petroleum products, the... Read more »

Banks, ATMs to function during lockdown, says Finance Minister

The Finance Minister, Mrs. Zainab Ahmed, clarified on Monday that President Muhammadu Buhari has allowed skeletal operations in the financial system and money markets during the lockdown in Lagos, Abuja and Ogun.... Read more »

Power supply drops to 3,899mw as gas shortage persists

Despite assurances by the Transmission Company of Nigeria (TCN) that gas shortage to power generating plants would only last for 10 days from March 8, the energy crisis still persists. Consequently, the... Read more »

Crude oil price slumps further to $23 as COVID-19 pandemic worsens

Crude oil benchmarks slumped at the open of electronic trading at the week end, extending last week’s losses as the global COVID-19 pandemic worsened and the Saudi Arabia-Russia price war continued unabated.... Read more »

We have enough fuel to last 60 days, says NNPC

The Nigerian National Petroleum Corporation (NNPC) has declared that it has enough petroleum products to serve Nigerians for over sixty days, saying there is no reason for panic buying. The Group Managing... Read more »

Fidelity Bank’s profit leaps 24% to N30.4bn

Fidelity Bank Plc has delivered another impressive full-year result, sustaining the sterling financial performance that has been witnessed by the top lender in recent years. The bank’s full year 2019 results released... Read more »
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