The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Kacalla Baru, says he had engaged investors to establish a refinery in Akwa Ibom State, Southern Nigeria. The NNPC GMD, made the disclosure at a two-day PENGASSAN’s Triennial Retreat/Synergy workshop with the theme “Leadership and Team Building for Change in Trade Union Administration” holding in Uyo, the capital of Akwa-Ibom State, also said that the state was well-positioned geographically to have a refinery.

The World Bank has projected that up to $22 billion will flow into Nigeria in 2017 through Diaspora remittances, noting that global remittance flow is set to recover this year after two consecutive years of decline.

Saudi Aramco plans to make “the deepest customer allocation cuts in its history” in oil supplies in November to help reduce global inventories and balance the market.

AZMAN Air-Nigerian fasting growing airline has boosted it fleets of aircrafts with the acquisition of a new Airbus as part of an on-going initiative geared at operating some of the new international routes approved for it by the Nigerian aviation authorities.

The Comptroller-General of Customs, retired Col. Hameed Ali, said that the service has seized 3,665 vehicles from 2015 till date with a Duty Paid Value (DPV) of over N13 billion.

Babatunde Fashola, minister of power, works and housing, has questioned the call for the cancellation of the privatisation of the power sector.

Dr Maikanti Baru, the Group Managing Director, the Nigerian National Petroleum Corporation(NNPC) has urged Oyo and Osun State Governments to assist the corporation in curbing activities of pipeline vandals.

Dr Ja’afar Sa’ad, a political economist on Thursday in Zaria advocated for the establishment of an autonomous body to regulate community and micro finance banks in Nigeria for maximum output.

The Federal Government has approved the verified sum of N25.9 billion as debt owed distribution companies by Ministries, Departments and Agencies MDAs of the Federal Government, according to the Minister of Power, Works and Housing, Babtunde Fashola. Fashola made this known to journalist after the federal executive council meeting at the State House.

Vice President, Prof. Yemi Osinbajo has described the establishment of an endowment fund for Africa, Caribbean and the Pacific (ACP) as timely.