Daily Record

NNPC plans to acquire stakes in six private refineries

The Nigerian National Petroleum Corporation (NNPC) on Monday said it is currently considering equity participation in some private refineries across the country. It said this was in line with a Federal Government’s policy directive which stipulated the mandatory participation of the corporation in any privately-owned refinery that exceeded 50,000 barrels …

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N3.4b fraud: Buhari sacks NSITF MD Somefun, Kemi Nelson, others, reconstitutes board

Adebayo Somefun President Muhammadu Buhari has sacked the suspended Managing Director of the Nigeria Social Insurance Trust Fund (NSITF),Adebayo Somefun for spending N3.4 billion on “non-existent staff training.” The President also approved the appointment of Akabogu Michael as Managing Director/Chief Executive Officer to replace Somefun. Somefun and three other Executive …

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