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NNPC Cautions on Phantom Recruitment exercise

The Management of the Nigerian National Petroleum Corporation, NNPC, has raised the alarm on the existence of some dubious syndicates with specialty in extorting money from unsuspecting members of the public under the pretext of a purported recruitment exercise and promise of phantom job...

NNPC to Transform into Integrated Energy Company

The ongoing reform of the Nigerian National Petroleum Corporation (NNPC) is geared towards transforming it from an oil and gas company into an integrated energy outfit with interest in power generation and transmission. This was disclosed by the Group Managing Director of NNPC, Dr Maikanti...

Non-performing mortgage loans rise to N94bn

Mortgage lenders are buckling under the weight of unpaid loans as job losses and inflation near a record high hinder the ability of customers to pay off their debts, Bloomberg has reported. At least 55 per cent of the mortgage industry’s N94bn loans are classified...

NNPC plans to generate, trasmit electricity

The Nigerian National Petroleum Corporation on Wednesday said its ongoing reform was geared towards transforming it from an oil and gas company into an integrated energy outfit with interest in power generation and transmission. It also stated that the country’s power transmission capacity was inadequate,...

NAICOM, 2 Others in Synergy to enforce public building insurance

Following series of consultations by the National Insurance Commission (NAICOM), a synergy has been created with the Federal Fire Service (FFS) and the Nigeria Insurers Association (NIA), to as a matter of urgency kick-start the enforcement of public building insurance in the country. NAICOM's Commissioner...

States’ Debt Rises to N3.3tn- Report

The Nigeria Extractive Industries Transparency Initiative said the debt burden of the 36 states of the federation rose to over N3.342tn at the end of 2016. According to NEITI, Lagos, Delta, Osun and Akwa Ibom topped the chart of highly indebted states with N1.262tn, representing...