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2019 budget: NNPC assures on 2.3barrels per day crude oil production benchmark

… Reports Progress in drilling at Kolmani River-II Well

The Nigerian National Petroleum Corporation (NNPC) has said that the Oil Industry would achieve the 2.3million barrel per day production volume-target for the 2019 budget, assuring that measures have been emplaced to attain the set mark.

Five investors bid for Yola Disco, Afam Genco

Bureau of Public Enterprises (BPE) said that it received five bids as the deadline expired on Friday for the submission of technical and financial proposals for the acquisition of the Yola Electricity Distribution Company (YEDC) and Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited) by prospective core-investors.

The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja.

Access Bank records 58% profit growth as net profit peaks at N9bn

.FMO arranges $162.5m loan to the Bank

One of the top brands in Nigeria’s banking industry, Access Bank Plc have continued to draw global attention as the bank records positive growth indexes on all fronts.

FMO arranges $162.5m loan to Access Bank

Access Bank Plc has confirmed its signing of what it described as subordinated syndicated loan agreement totaling $ 162.5 million.

BPE set to make privatised entities profitable, sets up committees

In its determination to ensure that privatised enterprises in the country provide dividends to the citizenry in line with the privatisation policy of the Federal Government, the Bureau of Public Enterprises (BPE) has inaugurated four committees to come up with a mechanism for addressing the complexities and challenges hindering the growth and development of some privatised enterprises in the country which were handed over to the core investors over ten years ago.

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