Category: Business

Crude Oil price jumps to $70/barrel

Crude oil price jumps to $70 per barrel

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that …

DAPPMA, IPMAN calls for full deregulation

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have called for the total deregulation of the downstream sub-sector of the country’s oil and gas industry. The marketers …

Glo distances self from 9mobile acquisition

Telecommunications giant, Globacom, has distanced itself from media reports which insinuated that it was the preferred bidder to acquire telecommunications company, 9Mobile. A press statement issued in Lagos on Friday said: “Globacom has not acquired …

No preferred bidder in 9mobile takeover – NCC

Nigeria Communications Commission, NCC, has reacted to reports in the newspaper and online that there is a preferred bidder to acquire 9mobile, formerly Etisalat. The Nigerian regulator said that the exercise leading to the acquisition …

Stop panic buying, we have too much fuel – NNPC

The Nigerian National Petroleum Corporation (NNPC) has advised motorist against panic buying, saying it has adequate fuel supply across Nigeria that can serve citizens for 30 days. In a statement by the Group General Manager, …