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Unsold: Nigerian Crude Oil Waits For Buyers

Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported. Reuters said the supply glut is a sign that an expected second-half rebalancing of the global market is getting off to a slow start. An increase in production in Nigeria and Libya, where conflict and unrest had curbed output ...

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Oil Block Sale Scandal: Nigeria Parliament Summons Ex-President Jonathan

Nigeria’s lower house of parliament called on Wednesday for ex- president Goodluck Jonathan to testify in an inquiry into the contested sale of an oil block during his tenure, the investigating committee said. Investigations into the $1.3 billion sale in 2011 of oil prospecting licence (OPL) 245, which could harbour more than 9 billion barrels of oil, have involved Nigerian, ...

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NNPC Gets $2b Discount on Re-Negotiated Contract

The Nigerian National Petroleum Corporation (NNPC) has secured $2 billion discount from re-negotiated upstream contracts being executed by its various service providers in the last one year. The Group Managing Director of the corporation, Dr Maikanti Baru, made this known in a message to mark one year of his headship of the organisation. In a statement by Mr Ndu Ughamadu, ...

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Why Diesel Prices are Crashing in Nigeria – NNPC

Diesel retail prices nationwide are falling and the Nigerian National Petroleum Corporation (NNPC) has attributed the continuous slide to its sustained strategic intervention. A national survey by Oil and Gas Forum, NNPC’s weekly TV programme, indicated that in the last few weeks, the price of diesel has fallen steadily from between N175 and N200 per litre as at June 18, ...

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Quest to Own KIA Cerato Excites Access Bank Customers

The ongoing Access Bank Family Fortune promo has reeled in some appreciable level of interests from customers across the country all in a bid to stand a chance of winning special prizes, particularly the Kia Cerato, Kia Motors Nigeria has revealed. As explained in a statement from Kia Nigeria on Friday, for customers of the bank, it’s a dream come ...

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Peugeot Unveils Refreshed 301 Midlife Series in Nigeria

PAN Nigeria Limited has unveiled the latest generation of the Peugeot 301 sedan called Peugeot 301 Midlife in continuation of its quest to remain competitive in the local market.  The official unveiling which was elaborately celebrated at PAN drive located at Kakuri Industrial Estate in Kaduna brought together customers, top government functionaries including representatives from  Nigerian Customs Services, Nigerian Prisons, Peugeot ...

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Nigerian 2017 Budget: 65 Roads Billed For Construction

The Federal Government has set aside N10 billion for the construction and rehabilitation of over 65 roads and bridges to enhance transportation system in the country. The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, disclosed this at the public presentation of the 2017 Appropriation Act on “ Budget of Recovery and Growth’’ on Monday in Abuja. Udoma ...

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Executive Orders:NAMA Demands Strict Compliance

The Nigerian Airspace Management Agency (NAMA) has challenged Airspace Managers across Nigerian Airports to ensure strict and unhindered compliance to the implementation of Federal Government Executive Orders in their domains. The Acting President, Prof. Yemi Osinbajo, on May 18, signed three Executive Orders on ease of doing business in the country. Mr Fola Akinkuotu, the Managing Director of NAMA in ...

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LASTMA Trains Traffic Officers in Ekiti, Oyo, Others

…Releases Official to Head Edo Traffic Management Agency In accordance with its age long tradition of brotherhood, support and cooperation with other sister states, the Lagos State Traffic Management Agency (LASTMA) has re-positioned the traffic agencies and retraining of traffic officers in seven states across the federation. The States include Delta Ogun, Oyo, Ekiti, Kwara and Rivers. While Mr. Yekeen Babatunde ...

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Kia Nigeria Hails Appointment of new NADDC Boss

MATILDA FRANCES The Managing Director of Kia Nigeria, Jacky Hathiramani has applauded Buhari-led  federal government for appointing  Mr. Aliyu Jelani as the new Director-General of National Automotive Design and Development Council (NADDC). In a statement released on Friday, Mr. Hathiramani described Jelani’s appointment as an indication that President Buhari’s regime is on the path of developing the nation’s automobile industry, ...

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