Business – The Whistler NG Exclusive Stories and Top News In Nigeria And Around The World Tue, 20 Aug 2019 09:53:27 +0000 en-GB hourly 1 Strike Action Forces British Airways To Offer Limited Catering Services To Customers Mon, 19 Aug 2019 21:07:28 +0000 British-AirwaysThe  British Airways has said that there will be limited catering services on its  BA83 flight to Nnamdi Azikiwe International on 19 Aug 2019. According to a document by its customers service department which was seen by THE WHISTLER, the airline said the development is as  a result of  an industrial action by its catering company. […]]]> 0 Hard Times Await Oil Thieves, Pipeline Vandals As NNPC Partners Civil Defence Mon, 19 Aug 2019 17:12:12 +0000 The Nigerian National Petroleum Corporation (NNPC) has strengthened its partnership with the Nigeria Security and Civil Defence Corps (NSCDC) towards making business hard for pipeline vandals in the country. The Group Managing Director of NNPC, Mallam Mele Kyari, while receiving the Commandant General of the Corps, Abdullahi Muhammadu, at the NNPC Towers in Abuja also […]]]> 0 FOREX BAN: It’s Unfair To Misrepresent Buhari’s Directive – Emefiele Mon, 19 Aug 2019 15:06:00 +0000 Godwin-Emefiele-CBN-GovernorThe Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, has said it is unfair to misrepresent President Muhammadu Buhari directive to halt provision of foreign exchange for food importation. Emefiele, while speaking with journalists at the State House during a retreat for new ministers, noted the president’s speech has been largely misrepresented, describing the […]]]> 0 British Court Ruling: No Need To Panic, Emefiele Tells Investors Mon, 19 Aug 2019 13:11:21 +0000 CBN-Governor-Godwin-EmefieleThe Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said there is no cause for alarm over the British court ruling that ordered the Process and Industrial Development Limited (P&ID) to seize Nigerian assets worth $9 billion. The CBN boss experienced his confidence on Monday while responding to questions from journalist before […]]]> 0 NHIS Accredits NNPC Health Maintenance Organisation Sun, 18 Aug 2019 13:49:33 +0000 NHIS-NNPC-HMO-CERTThe National Health Insurance Scheme (NHIS) has accredited the Health Maintenance Organisation (HMO) of the Nigerian National Petroleum Corporation (NNPC) for healthcare services delivery to Nigerians across the country. This was according to NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, who made the revelation in a statement issued in Abuja on Sunday. […]]]> 0 Kyari Fulfils Promise As NNPC Announces Winners Of New DSDP Oil Contracts Sun, 18 Aug 2019 06:43:48 +0000 Maikanti-Baru-and-Mele-Kolo-KyariThe Mallam Mele Kyari-led Nigerian National Petroleum Corporation (NNPC) has made good its promise to be more transparent and accountable by publishing all crude oil term contracts awarded by the Corporation. This comes as the NNPC on Sunday published the names of 15 firms that have been awarded contracts to lift Nigeria’s crude for the […]]]> 0 FAAN To Close Enugu Airport Runway August 24 Sat, 17 Aug 2019 21:20:15 +0000 Akanu-ibiam-international-airport-Enugu-The Federal Airports Authority of Nigeria (FAAN) has notified airlines, passengers and all other stakeholders that the runway at Akanu Ibiam International Airport, Enugu will be closed for major repairs. FAAN’s General Manager, Corporate Affairs, Henrietta Yakubu, made this known in a statement issued in Lagos on Saturday. The closure of the airport is coming […]]]> 0 You’ve Improved Nigeria’s Reputation Globally, VON DG Praises Kyari’s Appointment As NNPC GMD Fri, 16 Aug 2019 13:58:09 +0000 Mele-Kolo-KyariThe Director-General of Voice of Nigeria (VON), Mr. Osita Okechukwu, has applauded the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, saying the corporation’s global reputation improved after his appointment.  Okechukwu, who led a delegation of the management staff of VON on a courtesy visit to the NNPC management in Abuja, […]]]> 0 CBN Directs Microfinance Banks On How To Disburse Lower Currencies Thu, 15 Aug 2019 21:51:15 +0000 Emefiele-Godwin-CBN-The Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country. A circular issued by the Director, Currency Operations Department of the Bank, Mrs. Patricia Eleje in Abuja on Thursday, August 15, 2019, indicated that all microfinance banks must have a […]]]> 0 Nigeria, South Africa Lead Other African Nations In Women Entrepreneurship Wed, 14 Aug 2019 18:28:55 +0000 2019-AWIEF-AwardsNigeria and South Africa have been ranked first ahead of other African nations in the area of innovation and entrepreneurship championed by women in the respective countries on the continent. On Wednesday, August 14, leading Pan African entrepreneurship and innovation non-profit, the Africa Women Innovation and Entrepreneurship Forum (AWIEF), announced the top finalists in its […]]]> 0 US Targets African Energy Market With Record-Breaking Gas Production Wed, 14 Aug 2019 16:04:37 +0000 Gas-export-terminaWith record-breaking gas production by the United States this year, and the promotion of gas as a “cleaner, cheaper” energy source a continued priority for the current White House, the US Department of Energy is now looking towards Africa to develop opportunities in the exploration, production and monetization of LNG. This may not be unconnected […]]]> 0 Kyari Restates Nigeria’s Commitment To OPEC Production Adjustments Wed, 14 Aug 2019 15:07:46 +0000 Maikanti-Baru-and-Mele-Kolo-KyariNigeria’s Representatives on the OPEC Economic Commission Board and Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has restated Nigeria’s total commitment to  comply  with the agreement reached by  parties to the Declaration of Cooperation (DoC).  During the last Ministerial Meeting known as OPEC Plus, on July 2, 2019, Vienna, Austria, member […]]]> 0 Facebook Adds Igbo, Yoruba To Expand Language Coverage, Counter Misinformation Wed, 14 Aug 2019 14:10:34 +0000 Facebook’s-Mark-Zuckerberg-visits-NigeriaFacebook, in partnership with Africa Check, today announced it has added new local language support for several African languages as part of its “Third-Party Fact-Checking programme,” which helps to assess the accuracy of news on Facebook and also aims to reduce the spread of misinformation. Through the programme, which was launched in 2018 across five […]]]> 0 NNPC Partners NOSDRA To Stop Oil Spill Wed, 14 Aug 2019 13:32:33 +0000 NNPC-Partners-NOSDRA-To-Stop-Oil-SpillThe Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that the National oil company will work in close partnership with the National Oil Spill Detection and Response Agency (NOSDRA) to mitigate incidences of oil spillage in all areas of its operations. Kyari expressed the corporation’s willingness to collaborate […]]]> 0 Buhari Directs CBN To Halt Forex For Food Importation Tue, 13 Aug 2019 19:30:51 +0000 President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to halt provision of foreign exchange for food importation. This, Buhari said, was because his administration has achieved food security. The Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu,  said Buhari gave the directive on Tuesday in Daura, Katsina State, where […]]]> 0 PenCom Records N21bn Growth On Pension Assets In Q2 2019 Mon, 12 Aug 2019 19:59:50 +0000 Aisha-Dahir-UmarData obtained from the National Pension Commission (PenCom) shows that pension assets in the second quarter of 2019 increased by N21 billion. In Q1 2019, the growth of Retirement Savings Accounts (RSAs) holders under the Contributory Pension Scheme led to a N29 billion increase in pension assets According to the monthly report on summary of pension fund assets and Retirement Saving […]]]> 0 Forex: CBN Injects $280.04m, CNY 28.3m Into Retail SMIS Fri, 09 Aug 2019 18:03:10 +0000 Central-Bank-of-NigeriaThe Central Bank of Nigeria (CBN), has injected a boost $280.04million into the Retail Secondary Market Intervention Sales (SMIS). The latest interventions in the inter-bank foreign exchange market was announced on Friday, by the CBN Director, Corporate Communications Department, Isaac Okorafor,  saying that  the intervention was for requests in the agricultural and raw materials sectors […]]]> 0 African Property Investors Commit Over $500mn To 10 Deals In Six Months Fri, 09 Aug 2019 14:44:28 +0000 Craig-SmithA number of institutional investors in the African property market have committed at least $500 million to financing real estate development projects across the continent during the first half of 2019. This is according to market data sourced by THE WHISTLER from APIEvents, organizers of the Africa Property Investment ((API) Summit, which is Africa’s largest […]]]> 0 We’ve Spent $11bn In Nigeria, Says World Bank Fri, 09 Aug 2019 14:06:21 +0000 World-BankThe World Bank Group has said its operations in Nigeria have gulped $11 billion. The group’s country director, Rachid Benmessaoud, said this on Thursday in Abuja at the maiden edition of the Nigeria Portfolio Performance Award. Organised in partnership with the ministry of finance, the award recognised outstanding performance from project implementation units of World Bank-supported […]]]> 0 Kyari’s Rich Action Plans Would Bring Growth To Oil Industry -ExxonMobil Chairman Thu, 08 Aug 2019 21:58:59 +0000 ExxonMobil-Chairman-with-NNPC-GMD-Mele-KyarThe Chairman and Managing Director of ExxonMobil companies in Nigeria, Mr. Paul McGrath, has expressed optimism on the future of the oil industry under the management of the Mallam Mele Kyari-led Nigerian National Petroleum Corporation (NNPC). Mr. McGrath, during a courtesy visit to the NNPC towers on Thursday in Abuja, stated that he foresaw good […]]]> 0 5 Things To Know About CBN New Cheque Standard Thu, 08 Aug 2019 15:53:16 +0000 CBN-Governor-Godwin-EmefieleFollowing the Central Bank of Nigeria’s (CBN) review of the Nigerian Cheque Standard (NCS) and Nigerian Cheque Printers Accreditation Scheme (NICPAS), the bank stated that all cheques orders after August 31, 2019 must match the new cheque standards. The review of the NCS and the NICPAS, according to the apex bank, is to increase the efficiency and security […]]]> 0 You’re A Master Of Letters, NNPC Chief Applauds Adeniyi Thu, 08 Aug 2019 14:41:26 +0000 Mele-Kolo-KyariThe Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has congratulated Olusegun Adeniyi for his new achievement as a fellow of the Nigerian Academy of Letters.    Serving as the current chair of the editorial board of ThisDay newspapers, Adeniyi is a Nigerian journalist and a former presidential spokesman for […]]]> 0 NPDC Seeks Partnership With Police, DSS To Protect Oil Assets Thu, 08 Aug 2019 10:00:05 +0000 The upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) has sought partnership with the Nigerian Police Force (NPF) and the Department of State Services (DSS) towards securing the company’s oil and gas assets across the Niger Delta. The Managing Director of the NPDC, Mr. Mansur Sambo, in a statement signed […]]]> 0 Look Beyond Train-7FID, Its A Done Deal, Kyari Urges NLNG Wed, 07 Aug 2019 21:12:10 +0000 The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged the Management of the Nigerian Liquefied Natural Gas (NLNG) to think beyond the execution of the much awaited Final Investment Decision on Train-7 billed for October, 2019.    Kyari said this while welcoming the top-level NLNG Management team, led by its […]]]> 0 USAID Launches $15.7m Investment Program To Support 5000 Agribusinesses In Nigeria Wed, 07 Aug 2019 09:07:12 +0000 Ambassador-Stuart-SymingtonThe United States Agency for International Development (USAID) on Tuesday, August 6 launched an investment support activity to nurture a business-enabling environment that promotes private sector investment in Nigerian agriculture. According to a document sent to The Whistler by the United States embassy in Abuja, the new program, known as “Feed the Future Nigeria´´ and […]]]> 0 Mbeki, Ghana VP, Dangote Lead AfroChampions Agenda To Finance African Continental Free Trade Area Wed, 07 Aug 2019 09:01:05 +0000 All-participants-at-AfroChampions-Accra-SessionThe AfroChampions Initiative, which is co-chaired by former South African President, Thabo Mbeki, and Aliko Dangote, the President and CEO of Dangote Group, on Tuesday announced it has formally launched a private sector investment framework to secure financing for the African Continental Free Trade Area (AfCFTA). This announcement was made following the occasion of a […]]]> 0 NNPC’s Kyari Visits Defence Chief, Seeks Military Support To Resume Oil Exploration In Chad Basin Tue, 06 Aug 2019 22:03:34 +0000 The Nigerian National Petroleum Corporation (NNPC), on Tuesday, said it was ready to resume full-scale oil exploration in the Chad Basin, Gongola and Benue Trough.  The NNPC said it will need the Nigerian military to protect its workers and equipment to be able to fully operate in these regions.  The Group Managing Director of the […]]]> 0 NNPC Will Publish All Crude Oil Contracts, Audited Accounts – Mele Kyari Tue, 06 Aug 2019 10:53:57 +0000 NNPC-Will-Publish-All-Crude-Oil-Contracts-Audited-Accounts-Mele-KYARIThe oil and gas world is set to see a more transparent Nigeria National Petroleum Corporation (NNPC) in the days ahead as its Group Managing Director, Mele Kyari has promised to further open up the books of the Corporation for all stakeholders. Kyari, who was appointed GMD on July 8, spoke at the Corporation’s headquarters […]]]> 0 NNPC Will Leverage Technology To Build Energy Company Of Global Excellence – Kyari Mon, 05 Aug 2019 16:59:16 +0000 Mele-Kolo-KyariThe Nigerian National Petroleum Corporation (NNPC) plans to leverage technology and innovation to achieve the goal of building Energy Company of Global Excellence. The corporation’s Group Managing Director, Mallam Mele Kyari, stated  this while delivering his address at the society of petroleum engineers (SPE)   Nigeria Annual International Conference & Exhibition (NAICE 2019), in Lagos, tagged “Artificial Intelligence, […]]]> 0 NNPC Debunks Report On Relocation Of Nigerian Gas Company Headquarters From Niger Delta Sun, 04 Aug 2019 09:04:58 +0000 NNPC-Towers-AbujaThe Nigerian National Petroleum Corporation (NNPC) has refuted reports on its alleged plan to relocate the headquarters of the Nigerian Gas Company (NGC) from the Niger Delta to elsewhere.  The NNPC assured stakeholders in Delta State and the Niger Delta region that the headquarters of NGC, which is one of its subsidiaries, will remain where […]]]> 0