Articles Posted in the " loss " Category

  • NNPC records N267 billion loss

    The Nigerian National Petroleum Corporation (NNPC) has announced a loss of N267.14 billion in its activities in 2015. This is contained in the corporation’s Monthly Financial and Operation Report released on Wednesday in Abuja. It said that it lost N11.86 billion in December, 2015, a loss less than N14.29 billion deficit it recorded in November. […] Post from PM News


  • Akwa Ibom, Abia Verdicts: Supreme Court to explain decisions Feb. 15, 26

    Ayorinde Oluokun/Abuja Supporters of Dr Alex Otti, the candidate of the All Progressives Grand Alliance in Abia State and Chief Umana Okon Umana, the All Progressives Congress governorship candidate in Akwa Ibom, still shell-shocked about the judgements of the Supreme Court, will need to wait a while to understand the reasons. The Justices said they […] Post from PM News


  • Oil Theft: Okowa challenges Navy to check loss of revenue

    Okafor Ofiebor/ Port Harcourt Following the economic woes facing Nigeria and the attendant financial crisis due to the dwindling revenue from oil resources, the Delta State Governor, Senator Dr Ifeanyi Okowa has challenged the Nigerian Navy to ensure effective maritime security. Speaking at the opening ceremony of a 2-day retreat for the Nigerian Navy in […] Post from PM News


  • FG to implement Niger Delta Master Plan – Osinbajo

    Vice President Yemi Osinbajo says the Federal Government is focused on implementation of Niger Delta Master Plan to drive development of the region. Osinbajo stated this at the inaugural meeting of Partners for Sustainable Development Forum organised by Niger Delta Development Commission (NDDC), in Port Harcourt on Monday. He said President Muhammadu Buhari had also […] Post from PM News


  • Nigeria’s foreign reserves drop to $30.04bn – CBN

    The Central Bank of Nigeria (CBN) said that the nation’s foreign reserves fell to 30.04 billion dollars as at November 26. The bank disclosed this on its Website on Monday. It said that the figure dropped by seven million dollars from 30.11 billion dollars recorded in October 26. It said the 30.04 billion dollars represented […] Post from PM News


  • APC supporters honour murdered members

    Okafor Ofiebor/Port Harcourt Attacks on supporters of All Progressives Congress, APC, in various parts of the Rivers State Monday, thousands of them converged on the Polo Club to attend a solemn interdenominational service in honour of over 98 of the party members killed in election violence in the state. Prominent APC Chieftains and supporters led […] Post from PM News





  • ANALYSIS: Competitors linked to CPC raid on Multichoice office

    By Olalekan Bilesanmi The face-off between the Consumer Protection Council,CPC, and Multichoice got to a head, last week, when the CPC swooped on Lagos Island headquarters of the pay – TV firm to carry out an enforcement exercise. The enforcement exercise, led by the CPC Director of Legal Services, Mr. Emmanuel Ataguba, came on the […] Post from PM News