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Nigerian National Petroleum Corporation Limited logo
Business

NNPCL finishes pipeline repairs at depots

The Nigerian National Petroleum Corporation Limited has finished repairing the pipeline at the Satellites depots area. The Punch reported that the repairs were carried out through NNPCL Pipeline and Marketing, one of the NNPCL subsidiaries. According to the report, the Chairman of Satellite Depots, Akin Akinrinade, said that the pipeline had been repaired. Also, It […]

IMF calls for CBN's 2017 Act review
News

IMF calls for CBN’s 2017 Act review

  The International Monetary Fund has requested that the Central Bank of Nigeria Act 2007 be reviewed in order to increase the bank’s autonomy and governance. IMF made the demand in the latest report titled ‘Nigeria: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nigeria’. The need for a […]

New naira: Beware of currency hoarders, EFCC warns BDC operators
Business

EFCC retrieves unremitted N900m for NHIS

EfccIThe Economic and Financial Crimes Commission  has again retrieved a sum of N900 million for the National Health Insurance Scheme. The EFCC’s spokesman, Mr Wilson Uwujaren, disclosed this in a statement on Saturday. According to the News Agency of Nigeria, the council’s spokesperson claimed that the amount was a part of the money some banks […]

The snippet of the CBN's registration portal dashboard
Business

Old naira: What to know about CBN’s deposit portal

The Central Bank of Nigeria on Wednesday launched an online portal as one of the measures to ease the hardship caused by the scarcity of new naira notes. The aim of the portal is to redeem the old N1000 and N500 cash still held by Nigerians and facilitate the process of depositing the cash in […]

The old 500 and 1000 naira noted
Business

Banks collect old N500, N1000 despite CBN order

Wilson Adekumola Some commercial banks on Saturday morning were reportedly collecting the old N500 and N1,000 notes from customers despite the order of the Central Bank of Nigeria order. This came barely 24 hours after the CBN debunked the rumours that it had instructed commercial banks to collect the old N5,00 and N1,000 notes from […]

Banks collect old N500, N1000 despite CBN order
News

Banks collect old N500, N1000 despite CBN order

  Wilson Adekumola Some Commercial Banks on Saturday morning were reportedly collecting old N500 and N1,000 notes from customers despite the Central Bank of Nigeria order. This is came barely 24 hours the Central Bank of Nigeria, in a statement, said that it did not direct banks to collect the old N5,00 and N1,000 notes […]

Aviation

Airpeace diverts Lagos, Ilorin, Kano flights over bad weather

Juliet Buna   Air Peace on Saturday announced the divertion of Lagos-Ilorin and Lagos-Kano flights as a result of the low visibility caused by the bad weather.   The airline noted that the weather in some of its destinations which is currently below operating minimum.   According to a statement by the management of the […]

Passport issuance made simpler for Nigerians -Immigration boss
Business

Passport issuance made simpler for Nigerians -Immigration boss

The Nigeria Immigration Service’s interim comptroller general, Isah Idris, has said that the new passport reforms his government implemented had made it simpler for Nigerians to apply for and receive passports. In light of this, he stated that Nigerians could anticipate further improvements that would result in simpler processing of the travel document. At the […]

PTI tasks matriculants on seeking lasting solution to oil industry
Oil and Gas

PTI tasks matriculants on seeking lasting solution to oil industry

  By Christian George Petroleum Training Institute, Effurun, Delta State has matriculated not fewer than 1,718 students in its 2022/2023 academic session. The Principal and Chief Executive of the PTI, Dr. Henry Adimula, on Friday lwhile indoctrinating the new intakes, stressed the need to adopt new ways of exploring fossil fuel, using the local and […]

The old 500 and 1000 naira noted
Business

Old naira: Buhari, CBN, govs throw Nigerians into confusion

El-Rufai, Ganduje, Abiodun disregard Buhari’s order… Nigerians have been thrown into a state of confusion by the President, Major General Muhammadu Buhari, the Central Bank of Nigeria and some state governors owing to their conflicting positions on the old and new naira policy. Punch Metro reported that Buhari on Thursday ordered the CBN to allow […]

NNPCL laments as fuel subsidy hits over N400bn
News

NNPCL laments as fuel subsidy hits over N400bn

  Wilson Adekumola   The Nigerian National Petroleum Company Ltd. has lamented as the fuel subsidy hits over N400bn, adding that it is extremely challenging for them to be funding this from the cash flow of the company without getting refunds from Ministry of Finance. The Group Chief Executive Officer, NNPCL, Mallam Mele Kyari made […]

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