The Supreme Court on Tuesday upheld its earlier judgment, ordering the Nigerian National Petroleum Corporation (NNPC) to pay $22.6 million(N8.1billion) in damages to BCE Consulting Engineers over a failed Consultancy Service Contract.
Tag: Business
Nigeria, Russia to sign agreement on pre-paid metres production
The Abuja Chamber of Commerce and Industry (ACCI), on Friday said that Nigeria and Russia would sign a Memorandum of Understanding on production of pre-paid meter to bridge the gap that currently exists in the sector.
World billionaires go poorer, lose $388bn
The world’s richest people became a little ‘poorer’ last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time in a decade.
Access Bank hits N1bn in digital lending daily
Access Bank plc has hit one billion naira daily in loan value through its expanded digital lending portfolio.
NNPC explains increase in price of Kerosene
The Nigerian National Petroleum Corporation (NNPC) has attributed the increased in the price of household Kerosene in the country to the pressure of demand and supply.
NUPENG: NNPC intervened, scheduled meeting to avert strike
President of the Union, Williams Akporeha, on Thursday in Abuja, said that NNPC had intervened and a meeting had been scheduled.
Chevron agreement: NUPENG issues 7-day strike notice to FG
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has issued a seven-day strike notice to the Federal Government over Chevron agreement.
Oil, Gas suppliers association warns members against sharp practice
Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has advised it members to avoid all sharp practices in carrying out their businesses as it begins nationwide operation.
Facebook firm in its quest to launch Libra cryptocurrency
Facebook chief Mark Zuckerberg has reaffirmed Facebook’s commitment to the Libra cryptocurrency project while fielding questions during an earnings call.
Why MTN retired Chairman Paschal Dozie, 5 other directors
MTN Nigeria on Wednesday notified the Nigerian Stock Exchange, the investing public and other stakeholders that some non-executive Directors including the Chairman, Dr. Paschal Dozie are retiring from its Board after 18 years of service.