Category: Opinion

Chevron Grasps Two Awards in Oil/Gas Industry At NIPS

Chevron Nigeria Limited, CNL, operator of the joint venture between the Nigerian National Petroleum Corporation, NNPC, – NNPC/CNL Joint venture,JV has received two awards during the Oil/Gas industry award presentation ceremony organized by the Ministry of Petroleum Resources as part of the programmes to mark the official opening ceremony of the Nigerian International Petroleum Summit…

NUC Granted Approval To Maritime University To Commence Undergraduate Degree Programmes

……..Approval underscores FG’s commitment to develop Niger Delta region In line with the Buhari administration’s New Vision to develop the Niger Delta region, Maritime University, Okerenkoko, Delta State, has been granted approval by the National Universities Commission (NUC) to commence undergraduate degree programmes effective from the 2017/2018 academic session. The NUC approved that academic activities…

DBN Boss Tutors MSMEs How To Access DBN funds

…….call on the federal government to allow SMEs access capital at a single digit interest rate …….. Managing Director of Development Bank of Nigeria has been counseling owners of Medium, Small and Micro Enterprises (MSMEs) in Nigeria on how to access funds from the bank. The DBN Boss, Tony Okpanachi while speaking at the recently…

Fall out of CBN’s Circular on Retained Earnings, Dividend Payout by Banks  

The central Bank of Nigeria, CBN said in its recent amended circular that globally, retained earnings have been identified as an important source of growing an institution’s capital. The circular which was signed by Ahmad Abdullahi, Director, Banking supervision department in the central bank contained some advantages of retained earnings include: being a source of…

Fuel Queues: NNPC Imports $5.8bn Worth of Petrol to Arrest Fuel Crisis

The Nigerian National Petroleum Corporation (NNPC)says it has imported 9.8 million metric tons of Premium Motor Spirit (PMS) worth $5.8 billion to combat the fuel crisis that resurfaced since late last year. This was disclosed by the Group Managing Director of the corporation, Dr. Maikanti Baru, during a public hearing by the Senate Committee on…

DAPPMAN plans disengagement of staff due to outstanding subsidy debts owed to petroleum marketers 

Olufemi A. Adewole, Executive Secretary,  Depot and Petroleum Products Marketers Association of Nigeria The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has issued what it may have term to be the final warning letter to Dr. Emmanuel Ibe-Kachikwu, Hon. Minister of State, Petroleum Resources, Federal Ministry of Petroleum Resources copied other relevant government agencies.…