BUSINESS
BREAKING: Banks Reach Agreement To Halt Staff Sack
The bankers' committee of the Central Bank of Nigeria (CBN), has agreed that plans to lay off staff would be suspended. This was announced in a statement signed by Isaac Okorafor, Director, Corporate Communications said the CBN, Bankers’ Committee both decided to suspend lay-offs in banks. Also Read: Banks In Abuja, Lagos, Others To Open From Monday Access Bank has been trending...
Petrol Price Now N151.56 Per Litre ― PPMC
THE price of petrol has been increased to N151.56 per litre, according to Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC. In a statement obtained by Vanguard, D.O Abalaka of the PPMC stated: “Please be informed that a new product price adjustment has been effected on our payment platform. “To this end, the price...
Investors Are Losing Confidence In Nigerian Oil & Gas Industry – NNPC
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari, says the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry. He stated that the worst hit is the upstream sector. Kyari spoke when he received the House of Representatives Committee on Petroleum Resources (Upstream). He said international investors were losing confidence in the...
Chevron Nigeria To Sack 25% Of Workforce
Chevron Nigeria Limited has said it will slash its workforce by 25 percent as it is reviewing its manpower requirements in the light of the changing business environment. CNL disclosed this on Friday in a statement entitled ‘Chevron Nigeria Limited reviews workforce in accordance with business exigencies’. The oil major said it would continue to evaluate opportunities to improve capital efficiency...
BREAKING: Okonjo-Iweala Elected First Female Leader Of WTO
All indications are that Dr Ngozi Okonjo-Iweala has been Elected as the first female leader of the World Trade Organisation (WTO). A source revealed that Dr Okonjo-Iweala is the top choice for the job, although her contender, Yoo Myung-hee of the Republic of Korea, is still very much in the race. See the full WTO statement titled “WTO members narrow field...
BREAKING: Petrol Pump Price Now N170 Per Litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN ) has directed marketers to sell the Premium Motor Spirit (PMS ) for N170 per litre. The instruction followed Thursday’s night announcement of N155 .17ex-depot price to the marketers. IPMAN National Vice President, Alhaji Abubakar Maigandi, said: “The PPPMC ) last midnight told us that the ex-depot price is now N155. 17 per...
Shell Commence Construction Mega Gas Plant In Aba
Shell Nigeria Gas Limited, SNG, said it has commenced the construction of a huge gas plant in the commercial city of Aba, in Abia, an official said. SNG, a subsidiary of the Shell Petroleum Development Company, SPDC, said the facility will be used for the transmission and delivery of gas to its business customers in the area. The Managing Director of...
Gregory University To Partner Israeli Embassy On Innovation, Invention
All is now set for one of the foremost private universities in Nigeria, Gregory University Uturu to partner with the Embassy of Israel in Nigeria in the area of innovation, invention, and research. Others to join in this collaboration is office of the Vice President, Skill 'G' Ltd, DeNovo-Israel Ltd, and other like-minded development agencies in presenting the premiere edition...
Enyimba Mall Outlets Offers Opportunity For Shopping, Pleasure — Manager (VIDEO)
The project manager of Enyimba Mall Outlets Shops, Engr. Kelechi Abiakam has assured that the ongoing project will offer clients the opportunity to shop in most pleasurable environment. Speaking with ABN TV during a project tour, Engr. Abiakam while expressing regret that the #EndSARS protest caused a setback in the project due to the damage of a part of the...
Kalu Advocates For Local Investments
Former Abia State Governor and Senate Chief Whip, Dr Orji Kalu, has called on Nigerians in the Diaspora to invest in the Nigerian economy in order to stimulate the local economy and ultimately drive sustainable development. ABN TV reports that Kalu who showered praises on Mr Nnamdi Imo, a Nigerian who resides in Canada, for investing in the hospitality industry...
