Armani Express

  Port Harcourt Refinery Undergoing Test-Run, Production To Begin Soon - Lokpobiri - Politics - Nairaland The Nigerian Government has said the Port Harcourt Refining Company was still being test-run, adding that refined petroleum products from the plant would hit the market soon. The Minister of State for Petroleum Resources, Heineken Lokpobiri, told journalists on Wednesday that the plant was still being test-run. Speaking at a briefing in Abuja, Lokpobiri, said the mechanical aspect of the refinery has been completed According to him, the Port Harcourt refinery is one of the projects that were very fundamental to the survival of the country economically. “ I believe that very soon products will start coming from there…and the Warri refinery is in top gear. “If you ask me, in the next few months, we would have tremendously increased our refining capacity. “So I believe that very soon the Port Harcourt refinery and the other refineries will all come on stream,”  he said. https...

  Atiku slams Tinubu, says president’s directive to NNPCL to submit crude oil sales receipts to CBN illegal Former Vice President Atiku Abubakar has condemned the directive by President Bola Tinubu to the Central Bank of Nigeria to take over the responsibility for crude oil sales proceeds from the Nigerian National Petroleum Company Limited (NNPCL). In a statement he signed on Thursday, Atiku described the directive as illegal and that it undermines the operational independence of the national oil company President Tinubu reportedly asked the NNPCL to send its receipts for crude oil sales to the CBN for vetting and documentation. The directive, according to reports, was aimed at ensuring accountability and transparency.

  Support grows for relocation of CBN departments to Lagos. Finance and economy analysts have shared perspectives on the relocation of some units and departments of the Central Bank of Nigeria to Lagos. The stakeholders spoke to PUNCH Online on Wednesday following the recent apex bank’s announcement directing the movement of some of its units and departments to Lagos for enhanced operational efficiency. The CBN’s decision to relocate certain departments from its Abuja headquarters to Lagos has given rise to intense debates and controversies in recent weeks. While some are viewing it as a wise choice due to Lagos’ superior infrastructure capacity, others, primarily from the Northern political class, expressed concerns about potential disparities between the North and South. In an interview with our correspondent,  the Managing Director, APT Securities and Funds Limited, Garba Kurfi, described the apex bank’s decision as the best for the national economy development and blessing...

  Kidnapped Lagos PDP chairman regains freedom The chairman of the Lagos State chapter of the Peoples Democratic Party, Philip Aivoji, who was abducted by some yet-to-identified gunmen along the Lagos-Ibadan Expressway has regained his freedom. Aivoji was released four days after he was abducted on Thursday. Aivoji and some other party chieftains were abducted at the Ogere area of the Lagos-Ibadan Expressway on Thursday while returning from the party’s Stakeholders’ Zonal Caucus meeting convened by Oyo State Governor, Seyi Makinde, and held in Ibadan, the state capital. His release was disclosed by the State Publicity Secretary, Hakeem Amode, in a short statement issued around 1.15 am on Monday. Related News  Cops who asked Lagos motorist for tinted glass permit identified  Amotekun, police caught napping as kidnappers resurrect in South-West  Kidnapping epidemic: Tracking device shortage hindering police probes – Sources Amode said, “Lagos State PDP Chairman release...

  Sierra Leone Anti-Corruption Commission Recovers 8.6billion Leone From Ministry - Foreign Affairs - Nairaland Sierra Leone's Anti-Corruption Commission (ACC) Displays 8.6 Billion Leones Recovered in Corruption Probe Involving Ministry of Finance and SLRA Staff 24 January, 2024 In a noteworthy development, the Anti-Corruption Commission (ACC) disclosed the recovery of a sum of 8.6 billion old Leones during a press briefing. This marks a pivotal milestone in an alleged corruption case involving personnel from the Ministry of Finance and the Sierra Leone Roads Authority (SLRA). During the briefing, the Commissioner highlighted the scale of the recovery, describing it as a substantial amount embezzled by individuals under investigation at the SLRA. Six individuals implicated in the case openly admitted to their involvement in the embezzlement and voluntarily reimbursed the state while under detention pending further investigations. The Commissioner stated, “It’s indeed a sea of money...