Sunday, April 11, 2021
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Posts From Mary Ugbodaga

Mele Kyari: NNPC to establish power plant in Maiduguri

    Mele Kyari: NNPC to establish power plant in Maiduguri

The Nigerian National Petroleum Corporation (NNPC) says it will partner with stakeholders to establish a gas-fired power plant in Maiduguri, Borno state, to address the issue of power supply. Mele

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NNPC to resume oil exploration in Sokoto Basin

    NNPC to resume oil exploration in Sokoto Basin

The Nigerian National Petroleum Corporation (NNPC) has announced plans to resume active crude oil exploration in Sokoto Basin. Mele Kyari, group managing director (GMD) of NNPC, said this while receiving

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Nigerian Breweries declares N7.7bn dividend, offers new shares option for shareholders

    Nigerian Breweries declares N7.7bn dividend, offers new shares option for shareholders

Nigerian Breweries (NB), Nigeria’s biggest beer maker by market size, has announced a total dividend of N7.71 billion for its shareholders for full-year 2020. This represents a 52 percent decrease

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NITT set to produce made-in-Nigeria electric vehicle

    NITT set to produce made-in-Nigeria electric vehicle

The Nigerian Institute of Transport Technology (NITT) has set up a 22-member project team to develop an electric vehicle. Olorogun-John Inojeharho, chairman of the NITT governing council, said this during

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IATA: African airlines’ traffic declined by 68% in February

  IATA: African airlines’ traffic declined by 68% in February

The International Air Transport Association (IATA) says African airlines’ traffic dropped by 68 percent in February 2021 compared to the

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Shell paid $3.24bn to Nigeria in 2020 — lowest in six years

  Shell paid $3.24bn to Nigeria in 2020 — lowest in six years

Royal Dutch Shell says it paid $3.24 billion to the federal government and its agencies in 2020. This is contained

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DMO: Outer Marina road rehabilitation financed with Sukuk

  DMO: Outer Marina road rehabilitation financed with Sukuk

The Debt Management Office (DMO) says the Outer Marina road rehabilitation is currently being funded with Sukuk. A Sukuk is

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FG partners Nestle to tackle iron deficiency in women, children

  FG partners Nestle to tackle iron deficiency in women, children

Nestle Nigeria, in collaboration with the federal government, has launched a campaign to address iron deficiency in Nigerians, especially women

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DMO working on issuing eurobonds, to pick advisers in open bids

  DMO working on issuing eurobonds, to pick advisers in open bids

The Debt Management Office (DMO) says it is working on issuing eurobonds and plans to appoint transaction advisers through an

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DPR revokes four PSC licences operated by Addax Petroleum

  DPR revokes four PSC licences operated by Addax Petroleum

The Department of Petroleum Resources (DPR) has revoked four production sharing contracts (PSCs) operated by Addax Petroleum over non-development of

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