Tag - leadership

  PUNCH NNPC targets gas in 126 northern basins, others The Nigerian National Petroleum Corporation on Monday said that there was a need to expand the country’s gas exploration efforts in its sedimentary oil and gas basins in order to increase the product’s reserve.[Read More…] CBN warns against patronage of ‘wonder banks’ The Central Bank of …

  PUNCH Naira falls further to 414/dollar The naira fell to a new low of 414 against the United States dollar on Sunday amid the continued scarcity of foreign exchange in the country, with economic experts predicting further pressure in the forex market this week. [Read More…] Monthly cheque transactions decline to N489bn A steady decline …

  THISDAY Adeosun, Finance Commissioners Meet Today on Fresh Bailout to States The Minister of Finance, Mrs. Kemi Adeosun, will tuesday meet with the 36 commissioners of finance to finalise discussions on a fresh bailout to their cash-strapped states.[Read More…] Power: Planned Transmission Repairs to Cut Supply by 300MW Nigeria’s meagre power generation and supply capacity …

  VANGUARD Nigeria loses N13bn to oil theft, vandalism in one month Nigeria has lost N12.566 billion in one month due to petroleum products theft and vandalisation of the facilities of the Nigerian National Petroleum Corporation, NNPC.[Read More…] PUNCH Nigeria risks losing oil buyers to Iran, S’Arabia Nigeria, which recently lost its Africa’s top oil producer …

  PUNCH CBN adopts flexible forex policy as reserves dip to $26.6bn The Monetary Policy Committee of the Central Bank of Nigeria has directed the management of the apex bank to adopt a flexible exchange rate policy in the inter-bank forex management structure.[Read More…] Reps to probe N571bn loss to tax waivers The House of Representatives …

LEADERSHIP NASS Debates, Passes 2016 Budget Today After bouts of buckpassing on alleged errors in the 2016 budget estimates, the Senate is set to pass its version of the Appropriations Bill, before proceeding on its Easter recess.[Read More…] THISDAY NBS: Unemployment Rate Rises to 10.4% in Fourth Quarter The unemployment rate in the country has climbed …

  LEADERSHIP Exports Slumped 40% In 2015 Over Fallen Oil Price Nigerian exports slumped 40.3 per cent last year after a fall in crude prices slashed government’s revenues, weakened the currency and caused the economy to grow at its slowest pace in decades, the National Bureau of Statistics (NBS) has said.[Read More…] PUNCH Nigeria records 5.2% …

  THE GUARDIAN NNPC workers suspend strike It was with huge relief that Nigerians yesterday received news that the strike embarked upon by the Nigerian National Petroleum Corporation (NNPC) workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) …

  LEADERSHIP Reserves Rise As Oil Hit $40pb Nigeria’s external reserves continued a steady appreciation, rising by 0.2 per cent within seven days in March as global oil price rose to $40 per barrel on Wednesday.[Read More…] Nigeria’s Oil Reserve Hits 36.2bn – DPR The director of the Department of Petroleum Resources (DPR), M.B Ladan, has …

  THISDAY Crude Theft: FG Sues IOCs over $12bn Missing Oil Revenue In a move interpreted by industry watchers as a major step by the Muhammadu Buhari administration to curb the menace of oil theft in the country, the federal government has instituted civil suits against international oil companies (IOCs) operating in the country in …