NNPC Commences First Phase Of Refineries Rehabilitation

The Nigerian National Petroleum Corporation (NNPC) has flagged off the first phase of refineries rehabilitation programme with the Port Harcourt Refinery Complex.

The Accountant General of the Federation (AGF) Ahmed Idris has urge Ministries, Department and Agencies (MDAs) of government to immediately comply with the directive to move their payroll to the Integrated Personnel Payroll Information System (IPPIS) or face the wrath of its office.

The Senior Special Assistant on Media and Publicity Office of the Vice President, Laolu Akande has debunked the claims by critics of TraderMoni (a social investment programme of the Federal Government) that the scheme was introduced to buy votes during the general elections.

The Nigerian National Petroleum Corporation (NNPC) said it has not received any letter or memo from the Presidency as alleged instructing the taking over of the OML 11 from SPDC, a local arm of Anglo Dutch oil major, shell.

The Federal Government is set to increase Value Added Tax (VAT) between 35-50 percent to enable the government to pay the minimum wage. Minister for Budget and National Planning, Udo Udoma disclosed this on Tuesday through Babatunde Fowler, chairman First Inland Revenue Service.

Jumia Set To Be Listed on New York Stock Exchange

In a bid to go public, popular Nigerian online store, Jumia,  has filed an IPO, making it a step towards being listed in the New York Stock Exchange (NYSE). Though the New York filing did not reveal details of the price of the shares and how many shares would be sold.

The Central Bank of Nigeria (CBN) has revealed that there is hope that Nigeria will be the world’s third-largest palm oil producer. This was disclosed yesterday by the CBN Governor, Godwin Emefiele in Abuja while addressing stakeholders in palm oil industries.

Nigerian Stock Market Appreciated By 3.8% To Close At N11.83tr

The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose from 30,557.20 to close at 31,721.76 while market capitalization gained N434 billion, rising from N11.395 trillion to N11.829 trillion at the end of February which is a 3.8 percent increment compared with a decline in January.

Investors Set To Acquire Yola Electricity Distribution Company(YEDC)

Disclosure made by the Bureau of Public Enterprises (BPE) on Monday, the 18th of March, 2019 revealed that a total of five bids has been received for the purchase of YEDC. And March 15, 2019, has  been set as deadline for the submission of technical and financial proposals for the acquisition of YEDC and Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited).

Dangote Now Ranked 64th In World Richest List

African's richest billionaire and President of the Dangote Group, Alhaji Aliko Dangote has significantly moved up in the world billionaires’ list, emerging as the 64th richest person in the world. His net worth estimated at $16.6 billion, as against his previous ranking of 103rd in the world.