NGPTC To Deliver Pipeline Projects, Records N6.1bn Profit The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has announced a profit after tax of N6.11bn for the Nigerian Gas Processing and Transportation Company, a subsidiary of the NNPC. He said the PAT was recorded in...

NEXIM Bank Backs Inland Dry Seaport Projects, Targets N5.12bn Profit in 2018   The Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello has put the bank’s estimated profit before “bad and doubtful” provisions for 2018 at N5.12 billion. The figure was however, expected to shrink...

FG Commends Techno Oil’s LPG Cylinder Manufacturing Project   The federal government has restated its position to support industries desirous of helping to develop the country’s economy through their impactful drives. This is at it lauded Techno Oil Limited for setting up an automated multi-billion naira Liquefied...

Oil Majors Delay Investment On $23.5b Offshore Projects   International Oil Companies (IOCs) operating in Nigeria may have devised means to compel the Federal Government into changing its fiscal policy on the Petroleum Industry Governance Bill (PIGB). The Guardian learnt the IOCs have deliberately put on hold...

The MacArthur Foundation, known for bestowing its annual “genius” grants on artists, actors and other creative people, has announced the eight semifinalists in a new competition: come up with the best proposal to solve a global problem, with a reward of $100 million. Out of...