slideshow

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 …

Read More »

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 …

Read More »

Delta 2023: It’s turn of Urhobos –Taiga

President-General, Urhobo Progress Union (UPU) Worldwide, Olorogun Moses Taiga, in this interview with Okungbowa Aiwerie, bares his mind on restructuring, state police, power rotation and the forthcoming Delta State gubernatorial elections. Excerpts DESPITE agitation by stakeholders in the Niger-Delta region, the issue of sole administrator for the NDDC appears to …

Read More »

Aggrieved aspirants petition Lagos APC over primaries

  × Some aggrieved aspirants and members of the All Progressives Congress on Sunday visited the State secretariat of the All Progressives Congress to express their displeasure over the local government primary elections held on Saturday. The aspirants, who visited the State secretariat accompanied by their supporters, lamented how the …

Read More »

NASCON shareholders approve N1.06bn dividend for 2020

Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the company for the financial year ended Dec. 31, 2020. The shareholders unanimously gave the approval at the company’s Annual General Meeting on Friday in Lagos. The dividend translated to 40k per share to …

Read More »