The Permanent Secretary, Ministry of Petroleum Resources, Dr Sani Gwarzo, Says effective implementation of the Petroleum Industry Act (PIA) will drive purposeful investment in the oil and gas sector. Gwarzo made this known at the virtual Nigeria oil and Gas outlook 2021 with the theme “Achieving Energy Security; the Engine for Secured Economic Growth” on Monday….
Tranding on the nation’s bourse resumed for the week on a negative mood with a loss of N83 billion following sell pressure on bellwether stocks. Specifically, the market capitalisation which opened for the week at N20.572 trillion dipped N83 billion or 0.40 per cent to close at N20.489 trillion. Also, the All-Share Index lost 158.98…
AIDS Healthcare Foundation (AHF) Girls Act, on Monday called on world leaders to ensure that all countries had equitable access to COVID-19 vaccines. Ms Maryam Wakari, member of the AHF Girls Act, Abuja Chapter, made the call during a media campaign tagged “Vaccinate Our World” (VOW) in Abuja. The News Agency of Nigeria (NAN) reports…
Dangote Industries Limited has said its $2bn petrochemical plant in Lagos is designed to produce 77 different high-performance grades of polypropylene in the country. The company said in a statement on Sunday that with a turnover of $1.2bn, the plant, situated alongside the Dangote Refinery, had been strategically positioned to cater to the demands of…
The threat of more attacks against Kabul airport remains acute one day before the US military completes its withdrawal from Afghanistan after 20 years of war, Pentagon spokesman John Kirby said Monday. Kirby said the evacuation operation at the airport, currently controlled by thousands of US troops, is on high alert after the Islamic State-Khorasan…
A plane carrying desperately-needed medical supplies landed in Afghanistan on Monday, the World Health Organisation said, a first since the Taliban took control of the country two weeks ago. Hospitals and clinics are rapidly running out of supplies in the war-ravaged country, and a deadly attack at Kabul airport Friday has further complicated the delivery…
Kaduna State Internal Revenue Service sealed the head offices and other branches of four banks in Kaduna on Monday over N300.5 million unpaid taxes. KADIRS Executive Chairman, Zaid Abubakar, identified the affected banks as First Bank, Access Bank, Guaranty Trust Bank and Sterling Bank. Abubakar told journalists after the exercise in Kaduna that the money…
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped its fingers in the federation account in order to announce a profit of N287bn. President, Major General Muhammadu Buhari (retd.), had announced a net profit by the NNPC for the first time in its 44-year…
Gov. Abubakar Sani-Bello of Niger and Chairman North Central Governors Forum has described as tragic the killing of Capt. Abdulkarim Na’Allah by assailants. In a statement by Mrs Mary Noel-Berje, his Chief Press Secretary, Sani-Bello said the killing indicated the level of atrocity of activities gun men to people. The governor said that the killing…
