Good morning, here are the latest top business news headlines for today Thursday, August 2021.
NNPC, Chinese Firm, GE Partner On 50MW Power Plant Project
The Nigerian National Petroleum Corporation (NNPC) has signed a contract with a Chinese firm, China Machinery Engineering Company (CMEC), and General Electric (GE) to build a 50 Megawatts power plant in Borno State.
The corporation made this known in a statement issued by the…Read more
“PIB Will Help To Regulate Environmental Hazards” – Uzodinma
Imo State’s Governor Hope Uzodinma said that the signing of the Petroleum Industry Bill (PIB) 2021 into law will help to regulate environmental hazards such as oil spillage.
Governor Uzodinma praised President Buhari for signing the bill…Read more
CBN Moves To Strengthen Cyber Resilience To Protect OFIs
The Central Bank of Nigeria (CBN) on Tuesday released a framework to protect Other Financial Institutions (OFIs) against cyberattacks.
This was contained in a memo by Nkiru Asiegbu, CBN’s Director…Read more
NNPC Limited To Take Off In Six Months Time – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva has stated on Tuesday that the Nigerian National Petroleum Corporation (NNPC) will become a commercial company within six months.
This is stemming from the recently signed Petroleum Industry Bill by…Read more
Bamboo, Risevest Reassures Investors On Safety Of Funds Over CBN’s Order To Freeze Accounts
Following the actions of the Central Bank of Nigeria targeting some Fintech companies over alleged ‘illegal foreign exchange transactions, two of the affected companies, Bamboo and Risevest have stated that investors’ funds are safe and accessible.
The CBN secured a court order to freeze the accounts of several fintech companies in order to…Read more
AfDB Bars Sargittarius Nigeria For 18 Months
The African Development Bank Group (AfDB) on Tuesday announced the debarment of Sargittarius Nigeria Limited for 18 months over alleged fraudulent practices.
This implies that the company and its affiliates cannot participate in…Read more
Petrol Price Remains N165/ Litre As FG Plans Deregulation
Premium Motor Spirit (PMS) or Petrol is still selling at N165 per litre across the country but there are plans to deregulate the sector and allow market forces to determine the pump price of the product, the Minister of State for Petroleum, Timpre Sylva said.
The minister who spoke during a press conference in Abuja on Tuesday said…Read more
Africa’s Youth Unemployment Rate Highest Globally
Former President Olusegun Obasanjo has said that Africa has the highest youth unemployment rate in the world, urging African nations to ramp up efforts in reducing unemployment levels.
He said this on Tuesday while presenting the 2020 Africa Progress Group…Read more
Oyo State Govt. To Take Fresh N6bn Loan
A fresh N6 billion loan has been approved by the Governor-in-council in Oyo State to be channeled towards the financing of “existing projects”.
The loan approved on Tuesday would aid the development of state…Read more
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