Nigerian-American Critiques NIDOA's Unification as Misplaced Priority
Ejike Okpa, a Nigerian-American residing in Dallas, Texas, has criticized the recent unification of the Nigerians in Diaspora Organization America (NIDOA) as a "misplaced priority." Okpa argues that the organization lacks the structure and substance needed to make...
Discos Kick as Reps Demand N500bn Investment or Exit
The House of Representatives on Wednesday called for a minimum of N500 billion recapitalisation threshold for the 11 Electricity Distribution Companies (DisCos) in the country to remain operational.
In response to this, DisCos have listed the conditions...
NNPCL Unveils 40,000 bpd Utapate Crude to Global Refiners
The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration.
It said the development is a...
Dangote Refinery Crude Import Resumes after Three Months
The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity.
The new purchase comes after a three-month hiatus in...
NUPRC Assures IOCs not Exiting Nigeria
The Nigerian Upstream Petroleum Regulatory Commission has said that no international oil company is leaving Nigeria despite their divestments.
NUPRC’s Chief Executive Officer, Gbenga Komolafe, described the recent divestments by IOCs in the oil sector as “portfolio rationalisation”.
Komolafe said at...
MPR Hike: UBA, Zenith, 17 Other Banks Pay 8.18% Interest on Savings
Aligning with the Central Bank of Nigeria’s (CBN) recent monetary policy adjustment, Nineteen deposit money banks are now offering an 8.18 percent interest rate to customers for their savings.
Commercial banks are mandated to...
