There are indications that one of the strong banks in this clime,Zenith, is making a sharp ,strategic business move,as oil revenue declines globally..Zenith Bank is one of the banks that seem to have shifted focus from the oil and gas to lending to the real sector and the bank is making money from it, as its lending to the oil ...
May, 2016
January, 2016
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14 January
NNPC Raises Hope; Another Refinery For Construction In Bayelsa
A Nigerian firm, Epic Refinery Group, has signed a consulting agreement with a foreign firm, Chiron Refineries, for the construction of a 100,000 barrel refinery in Bayelsa State in south-eastern Nigeria. The Managing Director of Epic Refinery, Barango Wenke Jnr., said that the agreement followed the granting of licence to the company by the Nigerian Government. He said that his ...
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14 January
NNPC Set To Offer First Public Shares In 2018
Nigeria National Petroleum Corporation, NNPC, has unveiled plans to make its first initial public offering of assets in 2018, Petroleum Resources Minister of State, Emmanuel Kachikwu said. The NNPC GMD said “It’s inevitable,”on Tuesday in an interview in Abu Dhabi. “Part of the cleaning up process that we’re doing is to prepare for that.” Nigeria plans to sell shares in its ...