The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, is expecting fresh reports to confirm the real sulphur content of the diesel produced by the Dangote refinery as the company debunked claims of inferior fuel production. The NMDPRA spokesman, George Ene-Ita, in an interview on Sunday, said the agency had done its […]
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the […]
The Management of Dangote Industries Limited has insisted that the international oil companies are still frustrating crude supply to its 650,000-capacity refinery. The management said this even as it commended the Nigerian Upstream Petroleum Regulatory Commission for its various interventions in the oil company’s crude supply requests from IOCs, and for publishing the Domestic Crude […]
The Nigeria Employers’ Consultative Association, NECA, Manufacturers Association of Nigeria, MAN, and the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, NACCIMA, have blamed hastily implemented government policy shifts without corresponding plans to mitigate the negative effects of the inception of the present government for the socio-economic crises confronting the country currently. President […]
The Chief Executive Officer, Air Peace Limited, Allen Onyema, has urged Nigerians to embrace nationalism against ethnicity and religious dogma for the development of the country. Onyema stated this while delivering a lecture titled “Leading by Example: Instilling Trust and Confidence in Subordinates”, for course participants of Senior Course 46 of the Armed Forces Command […]
The Nigerian National Petroleum Company Limited, NNPCL, is planning to secure a fresh $2 billion oil-backed prepayment loan amid fuel scarcity in the country. This is according to a report by Reuters on Tuesday, suggesting that NNPCL plans to achieve the deal in two months. The Group Chief Executive Officer, Mele Kyari said the new […]
For Nigeria to tap into the $10 trillion available for World Maritime Trade annually, there is a need for a shift from oil economy to the Marine and Blue Economy sector, assumed to be second revenue earner for the country. A maritime expert, Ambrose Okehi, said this at the maiden edition of News Emperor Magazine’s […]
Access Holdings Plc (“Access Holdings” or “the Group”) on Tuesday, June 2, 2024, held a formal signing ceremony as part of the arrangements to raise a total of N351,009,103,017.25 by way of a Rights Issue (“the Offer”) to existing shareholders. The offer is part of the Group’s strategy to enhance its working capital […]
The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, yesterday faulted the hike of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). He spoke at the Banquet Hall of the Presidential Villa in Abuja at the commencement of a three-day summit organised by the Manufacturers Association […]
The Federal Government is set to commence the disbursement of N150 billion soft loans to micro, small and medium enterprises (MSMEs) and manufacturers by the end of July. Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed this in a statement through her official X handle. Uzoka-Anite said that 60 percent of the proposed one million […]
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