Business articles

NPA moves against Atiku’s biggest cash cow, Intels, over TSA policy, project funding

NPA moves against Atiku’s biggest cash cow, Intels, over TSA policy, project funding

The Nigerian Ports Authority and and Integrated Logistics Services Nigeria Limited (Intels), Nigeria’s leading logistic firm for the oil and gas industry, are locked in a fierce business dispute, with the NPA threatening to terminate Intels’ port revenue collection contract, PREMIUM TIMES can authoritatively report today. Those familiar with the matter said the dispute, which

Reps summon CBN gov, Magu, others over N12bn virtual currency scheme

THE House of Representatives, yesterday, summoned Mr Godwin Emefiele, Governor of Central Bank of Nigeria, CBN, and Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission, EFCC, over the N12 billion virtual currency scheme involving 60,000 Nigerian investors. Chairman, House Committee on Public Petition, Mr Uzoma Nkem-Abonta, who issued the directive at the

BREAKING: National Assembly passes 2017 budget

The National Assembly has passed the 2017 Appropriations Bill, raising the budget from N7.28 billion earlier proposed by President Muhammadu Buhari in December last year, to N7.44 trillion. The Appropriations Committees of the Senate and the House of Representatives separately presented their harmonised reports of the budget for consideration and subsequent passage on Thursday. According

BOOK REVIEW: ANEEJ expands the oil subsidy debate with new book

Title: Fatality of Nigerian Oil Subsidy Politics. ISBN 978-978-959-255-8 Authors: The Rev David Ugolor & Comrade Leo Atakpu. Publisher: The Africa Network for Environment and Economic Justice (ANEEJ) Number of Pages: 76. Reviewer: Erhisohwode Assurance Ovie. A book is a work of art requiring a lot of discipline and painstaking dedication and commitment in all

NNPC woos investors, showcases multi-billion dollar investment opportunities

In its bid to woo investors, the Nigerian National Petroleum Corporation (NNPC) has unveiled multi-billion dollar investment opportunities in the Nigerian oil and gas sector. Group Managing Director of the Corporation, Dr. Maikanti Kacalla Baru, unveiled these opportunities before international investors at the ongoing Offshore Technology Conference (OTC) taking place in Houston, Texas, United States

Photos: Wike goes to market

Gov. Wike And Wife Show Some PDA As They Go Shopping At Port Harcourt Local Market: Rivers State Governor, Nyesom Ezenwo Wike accompanied by his wife, Justice Eberechi Suzzette Nyesom-Wike on Wednesday visited the Creek Road Market in Port Harcourt where they made purchases amid cheers by traders and market women. The Governor and his

Adeosun: Fear NOT, recovered funds will not be re-looted

Kemi Adeosun, minister of finance, has reassured Nigerians that the cash recoveries being made by agencies of government in President Muhammadu Buhari’s anti-corruption drive will not be re-looted. Fielding questions at a press conference on the World Bank, IMF meetings in Washington, Adeosun said the country now has a single account for reconciling recovered funds,