Section
Business
635 stories
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NDIC Begins Sale Of Defunct Heritage Bank Landed Property Nationwide |SituationReport|
The Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation, NDIC, Bello Hassan, on Wednesday, December 4, 2024, said the corporation has commenced sales of landed property and…
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Again, NERC Extends DISCOs’ Meter Upgrade By 26 Days |SituationReport|
By Idorenyin UMOREN, Uyo The Nigerian Electricity Regulatory Commission, NERC, has extended the deadline for meter upgrades from distribution companies, DisCos, to their customers on January 1, 2025,…
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After 65 years, Swiss multinational Exits Nigeria, Sells Lafarge Africa for $1 Billion |SituationReport: Idorenyin UMOREN, Editor-in-Chief|
After more than six decades of operations in Nigeria, Swiss multinational Holcim has announced its decision to exit the country. Holcim, a global leader in innovative and sustainable…
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Port Harcourt Refinery Begins Operation |SituationReport By Idorenyin UMOREN, Uyo|
The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, November 26, 2024, announced that the Port Harcourt Refinery has commenced operations. Its Chief Corporate Communications Officer Mr Olufemi…
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Dangote Refinery Reduces Petrol Price |SituationReport By Idorenyin UMOREN, Uyo|
Dangote Refinery has reduced ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers. The move is a N20 reduction…
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Report Resellers Of Christmas Village Kiosks Above N100,000, Gov Eno Tells Residents |SituationReport By Idorenyin UMOREN, Uyo|
Akwa Ibom Governor, Umo Eno, PhD, has urged the public to report anyone reselling kiosks at the Christmas Village above the government-approved rate of N100,000. The governor, who…
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Akwa Ibom Transfers Public Enterprises’ Shares To Investment Corporation After Project Mismanagement Report |SituationReport By Idorenyin UMOREN, Uyo|
The Akwa Ibom Government has directed the transfer of all its shares in State-Owned Enterprises (SOEs) to the Akwa Ibom Investment Corporation (AKICORP). This was contained in a…
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Akwa Ibom To Digitise Tax Collection In 2025 |SituationReport|
Akwa Ibom State Revenue Service said it would commence full digitalisation of all tax collection processes in the state beginning from the 2025 fiscal year, Punch reports. The…
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Firm Denies Sabotaging Akwa Ibom Power Supply |SituationReport|
By OUR REPORTER Accugas Limited (AL), a subsidiary of Savannah Energy Plc has countered the allegation of being responsible for the current blackout in Akwa Ibom State. The…
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Akwa Ibom Wins $1.2bn Gas Deal For Resuscitation Of Aluminium Smelter Company |SituationReport|
A Nigerian firm (BFIG) and Chinese National Chemical Engineering Company (CNCEC) have signed a deal worth $1.2 billion for the resuscitation and restoration of gas processing plant in…