The Nigeria Liquefied Natural Gas Limited (NLNG) says it has signed a LNG Sale and Purchase Agreement (SPA) with ENI for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. NLNG disclosed this in a statement signed by Eyono Fatayi-Williams, its General Manager, External Relations, in Abuja, on Monday. It said the agreement was … Read more
The federal government through the minister of Information and Culture, Lai Mohammed says the speculated plan by the U.S. to add Nigeria to its existing list of visa travel ban countries is ill conceived. Lai Mohammed stated this in London during an official engagement with international media and other think tank. The minister said although … Read more
Shares of Beta Glass rose by N6.10 or 9.55 percent on Friday to close at N70 per unit against N63.90 each it ended on Thursday. This made the company lead the gainers’ chart at the last trading day of the week. Beta Glass was among the 16 equities that appreciated on a day the market … Read more
……MTN, FCMB, Forte Oil, Oando, PZ Exit NSE 30 Index The Nigerian Stock Exchange (NSE) has announced the results of its annual full year market index review, leading to the entry and exit of major companies from several indices which will take effect when the market opens on Wednesday, January 2, 2020. A statement issued … Read more
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Sunday defended the Central Bank of Nigeria’s (CBN’s) N305 to dollar exchange rate policy. It said the decision has helped in stabilising the naira. ABCON President Aminu Gwadabe explained that the N305/$ exchange rate is for settling government obligations and not a transactional rate … Read more
The World Bank has once again cried out over that the poverty rate in Nigeria could become worse in the next ten years with up to 30 million people expected to fall into extreme poverty. This, it said, can only be prevented by Federal Government policy reforms. “Nigeria’s population is expected to grow by as … Read more
The Chief Executive Officer (CEO) of Financial Derivatives Company and a member of the Economic Advisory Council (ECA), Bismarck Rewane, says Federal Government’s obedience to court orders will boost investors’ confidence. Rewane, stated this on Wednesday during an interview on Channels Television’s Business Morning, following the release of the RevolutionNow protest, Mr Omoyele Sowore and … Read more
Ekohotblog understands that the Federal Government has set aside the sum of N61bn for the Nigeria Electrification Road map to be developed in partnership with Germany-based Siemens AG. The amount provisioned for the Presidential Power Initiative is one of the key expenditures captured in the 2020-2022 Medium-Term Expenditure Framework but was not included in the … Read more
The Federal Competition and Consumer Protection Commission on Tuesday stopped the additional N50 charge currently being imposed on transactions conducted through Point of Sales Terminal. According The Punch, the FCCPC issued the directive in a statement personally signed by its Chief Executive Officer, Mr Babatunde Itukera and made available to newsmen in Abuja. Ekohotblog recalls … Read more
Permanent Secretary, Ministry Of Transportation, Mr Sewedo Oluseyi Whenu has urged residents to disregard the general stereotype and belief that ‘ember months’ especially the month of December are associated with evil and more dangerous than other months. Speaking during the Year 2019 Insurance and Road Strategy Conference, organized by Messrs Safe Driving Academy (SDA) in … Read more
Royal Dutch Shell said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook. In a trading update ahead of full year results, Shell also lowered its oil products sales forecast, pointing … Read more
The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas industry. The Group Managing. Director, Malam Mele Kyari disclosed this at the inaugural Nigeria Extractive Industries Transparency Initiative (NEITI) Policy Dialogue in Abuja on Tuesday. He said … Read more
The Federal Government has approved additional flight frequencies for some African airlines operating in Nigeria for the Christmas period. The Director, Consumer Protection, Nigerian Civil Aviation Authority, Adamu Abdullahi, who made this known, said during the yuletide, many Nigerians travel and some airlines deploy certain aircraft not big enough to accommodate both passengers and their … Read more
The Central Bank of Nigeria on Tuesday revealed that not less than N1.3 trillion was spent by the Federal Government on the importation of rice, fish, sugar and wheat in the last 12 months. The bank’s Deputy Governor, Corporate Services, Edward Lametek, spoke at a seminar organised for Finance reporters in Owerri, Imo State. Speaking … Read more
The proposed sale of 539,003,333 ordinary shares of 50 kobo each of C&I Leasing Plc through rights issue has received the approval of the Securities and Exchange Commission (SEC). The company has been given the go-ahead to conduct the rights issue by opening subscription from Monday, November 18, 2019 and close the exercise by Friday, … Read more
The Managing Director, NNPC Retail, Sir Billy Okoye has revealed that over 90 per cent of the Liquefied Petroleum Gas, also known as cooking gas, produced in the country is being exported. Billy Okoye stated these in a presentation through the company’s Manager in charge of LPG and aviation fuel, Mr John Chiejina, at the … Read more
The board of PZ Cussons Ghana Limited has made known its intention to stop trading its shares on the floor of the Ghana Stock Exchange (GSE), Business Post has learned.The board of PZ Cussons Ghana Limited has made known its intention to stop trading its shares on the floor of the Ghana Stock Exchange (GSE), … Read more
The Department of Petroleum Resources (DPR), has cautioned owners of filling stations against the increase in hawking and begging activities at the filling stations in Zamfara. According to NAN, the controller inchage of Gusau, DPR field office, Alhaji Ango Haruna, gave this warning during a surveillance patrol of filling stations and gas stations in Gusau … Read more
The Federal Government has approved the sum of $1.6bn for new Seaport construction in Portacourt and Warri. Ekohotblog gathered that the two new seaports is part of the Federal Government’s efforts to decongest the Lagos ports. According to the Minister of Transportation, Rotimi Amaechi, two ports would be built in the Pessu area of Warri, … Read more
Mr Godwin Emefiele, Governor of the Central Bank of Nigerian (CBN) has revealed that if the nation’s border remained closed for the next 24 months, kidnapping, insurgency amongst others will be totally flushed out. Emefiele stated this at the first Convocation Lecture of Edo University, Iyamho, Auchi on Friday. The governor, while responding to questions … Read more