Tag: Nigeria Business Now

Daily petrol consumption drops to 44.3 litres -NMDPRA

Daily petrol consumption drops to 44.3 litres -NMDPRA   Domestic consumption of Premium Motor Spirit (PMS) or petrol in the country has recorded a significant drop after the deregulation occasioned by fuel subsidy removal. According to the Chief Executive Officer, Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed,[Read More…]

NNPCL confirms Warri refinery fire incident

NNPCL confirms Warri refinery fire incident The Nigerian National Petroleum Company Limited, on Friday, confirmed a fire incident at the Warri Refinery and Petrochemical Company Limited. It, however, stated that the fire was contained, adding that the incident would not affect the ongoing rehabilitation of the refinery. The national oil[Read More…]

MABISCO shuts down operation

MABISCO shuts down operation The owners of major indigenous biscuits company in Nigeria, Mayor Biscuits Company Limited, says they will sell the multi-million-dollar biscuits plant to reinvest the proceeds into a new line of business. In a statement signed by the Finance Director of the company, Segun Matthew, prior to[Read More…]

ILO, stakeholders develop engagement framework for int’l labour recruitment

ILO, stakeholders develop engagement framework for int’l labour recruitment   Stakeholders in the international labour recruitment arena are developing an engagement framework for the facilitation of fair international labour recruitment. Director, ILO Country Office for Nigeria, Ghana, Liberia, Sierra Leone, and Liaison Office for ECOWAS, Vanessa Phala, who lauded the[Read More…]

Tinubu Appoints New PTDF Executive Secretary/CEO

Tinubu Appoints New PTDF Executive Secretary/CEO   President Bola Tinubu has appointed Ahmed Aminu as the Executive Secretary and Chief Executive Officer of the Petroleum Technology Development Fund (PTDF).   He is to serve for a term of four years in the first instance, presidential aide Ajuri Ngelale said in[Read More…]

Polaris Bank Partners Millwater on stable Power Delivery to Industrial Clusters

Polaris Bank Partners Millwater on stable Power Delivery to Industrial Clusters   Photo Caption: From:L-R; Lagos Deputy Governor, Dr. Obafemi Hamzat; Vice President, Kashim Shettima; Ogun State Governor, Prince Dapo Abiodun; Executive Director Polaris Bank, Chinwe Iloghalu and Deputy Managing Director, Wema Bank, Wole Akinleye at the Agbara Business Roundtable,[Read More…]