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Category: Economy

Economy headline

NNPC recovers N771m forfeited assets

Iheanyi Ejiofor March 5, 2019 No Comments

The Nigerian National Petroleum Corporation says it has recovered assets worth over N771 million from some marketers who under-paid for petroleum products supplied to them. The corporation disclosed this in…

Read More NNPC recovers N771m forfeited assets
Economy headline

Resignation: My tenure expires in June, says Emefiele

Iheanyi Ejiofor March 5, 2019 No Comments Resignation: My tenure expires in Junesays Emefiele

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Tuesday dismissed claims in some quarters that he had been asked to proceed on terminal leave. There had…

Read More Resignation: My tenure expires in June, says Emefiele
Economy headline

Dormant Refineries: NNPC loses N228.1bn revenue in 7 months

Iheanyi Ejiofor March 5, 2019 No Comments Dormant Refineries: NNPC loses N228.1bn revenue in 7 months

The Nigerian National Petroleum Corporation lost revenue of N228.1bn between April and November 2018, a period of about seven months, as its refineries continued to perform poorly, the latest industry…

Read More Dormant Refineries: NNPC loses N228.1bn revenue in 7 months
Economy

Oil prices rise on trade deal hopes as OPEC cuts supply

Iheanyi Ejiofor March 4, 2019 No Comments Oil prices rise on trade deal hopes as OPEC cuts supply

Oil prices rose on Monday, buoyed by output cuts by Organization of the Petroleum Exporting Countries and reports that the United States and China are close to a deal to…

Read More Oil prices rise on trade deal hopes as OPEC cuts supply
Business Economy

Zinox challenges Premium Times to show proof over N170m alleged contract scam

Iheanyi Ejiofor March 3, 2019 No Comments

The management of Zinox Technologies Ltd. has challenged Premium Times, an online news medium, to show proof of any criminal court case or indictment by the Economic and Financial Crimes…

Read More Zinox challenges Premium Times to show proof over N170m alleged contract scam

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