Naira-for-crude: Three refineries plan PMS production, Dangote awaits NNPC supply

Naira-for-crude: Three refineries plan PMS production, Dangote awaits NNPC supply

The Nigerian National Petroleum Company Limited may begin the supply of crude oil in naira to the Dangote Petroleum Refinery this week following the announcement by the Federal Government that the naira-for-crude deal has commenced. Also, following the promise by the government, three more refineries are getting set to start the production of Premium Motor Spirit, otherwise known as petrol, it was gathered on Sunday. The three refineries include the […]

October 7, 2024 13 2

NEWS

Russian strikes kill three in Ukraine

Russian strikes killed three people in southern Ukraine, including at the Black Sea port of Odesa, authorities said on Wednesday. Russia has carried out nightly attacks on cities across Ukraine since launching its invasion in February 2022. “The aggressor targeted port infrastructure in the Odesa region. Unfortunately, two people were killed — a security guard and a truck driver,” governor Oleg Kiper said. It was unclear whether the deaths were […]

July 10, 2024 15

NEWS

Obajana-Benin road: FG terminates contracts with three firms for non-performance

The Federal Ministry of Works has terminated contracts with three companies – Mothercat Ltd, Dantata & Sawoe Construction Ltd, and RCC Ltd – due to non-performance on the dualization of the Obajana-Benin road project. According to a statement on Monday by the Special Adviser (Media) to the Minister of Works, Orji Uchenna, the termination was necessary due to the inordinate delay and failure of the companies to fulfil their contractual […]

July 1, 2024 7

NEWS

Obajana-Benin road: FG terminates contracts with three firms for non-performance

The Federal Ministry of Works has terminated contracts with three companies – Mothercat Ltd, Dantata & Sawoe Construction Ltd, and RCC Ltd – due to non-performance on the dualization of the Obajana-Benin road project. According to a statement on Monday by the Special Adviser (Media) to the Minister of Works, Orji Uchenna, the termination was necessary due to the inordinate delay and failure of the companies to fulfil their contractual […]

July 1, 2024 7

BUSINESS

CBN resumes forex sale to BDC operators after three years

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. The development came three years after the former CBN governor, Godwin Emefiele, announced the suspension of foreign exchange sales to BDC operators. The apex bank disclosed this in a new circular issued and signed by the Director, Trade and Exchange Department, Hassan Mahmud, on Tuesday. […]

February 28, 2024 50

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