Oando Ready To Participate In FG Bid For Refineries Repair

Oando Plc has revealed that it is ready to participate in the Federal Government bids for the refurbishment of one or two Nigeria’s refineries, probably the Port Harcourt refinery as stated via @Oando_PLC, the company’s twitter handle. The Managing Director, Oando Plc, Mr. Wale Tinubu, said that the company would seek approval from the Federal…

Baru Sets Performance Evaluation For NNPC Top Execs 

The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru has set key performance indicators for the Chief Operating Officers (COO) of the five (5) Autonomous Business Units and two (2) Directorates as efforts deepened to transform the corporation to commercially focused and profitable business. The performance bond, tagged: “Corporate Scorecard Key Performance Indicators…

Oil edges higher after sell-off on weaker dollar

Oil prices ticked higher on Friday, recouping some of the previous session’s losses, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output. Global benchmark Brent LCOc1 was up 19 cents at $55.27 a barrel at 0941 GMT, recovering some of…

President Buhari Urges Dr. Maikanti Baru to Deliver NNPC Mandate

President Muhammadu Buhari, after approving the appointment of Dr Maikanti Kacalla Baru as the new Group Managing Director of the the Nigerian National Petroleum Corporation (NNPC) with the composition of a new Board of the corporation, has urged the new helmsman to ensure the successful delivery of the mandate of the NNPC. According to a…

PDP House Caucus Rejects Subsidy Removal

Following the divergent hues and mixed reactions from all quarters of the country on the current fuel price hike imbroglio, the Peoples Democratic Party (PDP) caucus of the House of Representatives has presented its opposition to the removal of fuel subsidy to the members of the public. The Chairman, Committee on Capital Market & Institutions,…

Lawyer Dismisses Damaging Comments On Warri, Lagos, Brass OGFZS

A legal practitioner, Iyobosa Egerin has described insinuations making the rounds that the Warri, Lagos, Brass Oil and Gas Free Zones were illegal establishments as “cruel, unfortunate, misleading and disheartening”. Egerin spoke to newsmen on the side-lines of Labour Day celebrations, to express his disappointment that such insinuations were being published by some national dailies,…