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NNPCL reacts as Reps probe alleged payment of N20 billion to “ghost” consultants

The Nigerian National Petroleum Company Limited (NNPCL) Limited said it welcomed the investigation launched by the House of Representatives into the alleged payment of N20 billion to ghost consultants. GarbaDeen Muhammad, the chief corporate communications officer of the NNPCL, in a statement on Friday said the outcome of the investigation into the “false allegation will vindicate the company and put an end to all speculations concerning the matter.” NNPC Limited had on Monday denied the publication by an online…

Geregu Power reports 51% drop in annual profit, proposes N20 billion dividend

Femi Otedola’s Geregu Power recorded a drop in post-tax profit of 50.5 per cent for 2022 as revenue tumbled steeply and finance costs soared almost seven times, eating away at earnings, the audited financial statements of the power-generating firm showed Wednesday. At N47.6 billion, the company posted one-third less revenue than it reported one year prior as gas supplies to the firm stopped mid-July on account of a nationwide force majeure declared by Shell Petroleum Development Company Limited, its major…

Nigerian Breweries to raise N20 billion through commercial paper

Nigerian Breweries Plc has launched a new phase of its N100 billion commercial paper programme, allowing the firm to raise N20 billion from investors. The capital raise comes in three series of varying maturities: the first has a tenor of 91 days, the second 120 days and the third 154 days. Typically unsecured, commercial papers provide corporations an opportunity to borrow from investors to meet short-term financial obligations at a fixed interest rate. Nigerian Breweries said the debt will cater for its…

OnePlus’ Nord N20 just dropped down to $229 again

OnePlus has just dropped the price of the Nord N20 back down to its all-time low, which we last saw on Black Friday last year. It is now just $229, which is going to save you $70 off of this phone. It’s a pretty inexpensive phone normally, and now it’s even cheaper. So now is a great time to pick up the OnePlus Nord N20.The OnePlus Nord N20 is a pretty good smartphone to pick up today. For the price, it has a lot going for it. That includes a 6.43-inch display, with the Snapdragon 695 5G and 6GB of RAM inside. There’s…

Buhari govt once agreed to pay consultants N1.5 trillion to recover over N20 trillion — Presidency

The Presidency has again dismissed allegations of misappropriation of Stamp Duty funds leveled against some government agencies by a member of the House of Representatives, Gudaji Kazaure. A statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, on Tuesday said the allegations were “baseless and misleading”. Mr Shehu had on Sunday described the claim as a figment of the imagination of Mr Kazaure, who had earlier claimed that he is the secretary of a committee set up by…

OnePlus Nord N20 SE Listed for Sale in India via Amazon and Flipkart: Price, Specifications

OnePlus Nord N20 SE was unveiled in select markets in August this year. Ahead of any official launch announcement, the Nord series smartphone powered by MediaTek Helio G35 SoC has been silently listed for sale on Amazon India and Flipkart. The OnePlus Nord N20 SE features a 6.56-inch HD+ display and has a dual rear camera setup led by 50-megapixel primary sensor. It is backed by a 5,000mAh battery with support for 33W SuperVOOC fast charging. The 4G phone appears to be a rebranded Oppo A77 4G that debuted in the country…

OnePlus Nord N20 SE now available on Amazon and Flipkart in India, but here’s why you should not buy it

Highlights OnePlus Nord N20 SE is listed on Amazon and Flipkart in India.The handset hasn’t been officially launched by the brand so there won’t be any warranty or after-sale support.OnePlus Nord N20 SE launched in India as OPPO A77 4G.OnePlus Nord N20 SE debuted globally back in August and the phone is available in India as the OPPO A77 4G (rebrand). Usually, the Nord N-series phones are limited to global markets and not India. Surprisingly, the OnePlus Nord N20 SE has now made an appearance on Flipkart and…

OnePlus’ Nord N20 just got a massive Black Friday Discount

OnePlus has discounted the Nord N20 5G, making it just $229, ahead of Black Friday. That’s going to save you $70 off of the regular price. Or roughly 25% off. That’s not too shabby. And is actually low enough for a new all-time low on the Nord N20.Now, the Nord N20 is not the only phone that OnePlus has on sale right now. Here’s the full list:The OnePlus Nord N20 is a pretty good smartphone to pick up today. For the price, it has a lot going for it. That includes a 6.43-inch display, with the Snapdragon 695 5G and 6GB of…

Nigerian govt to turn N20 trillion CBN debt to bonds repayable over 40 years

The Nigerian government is to restructure its record N20 trillion debt to the central bank to bonds, a step seen as availing the revenue-starved government the luxury of longer time to pay back, after President Muhammadu Buhari consented to the proposal. The credit, obtained through Ways and Means Advances – a facility granted by central banks to help government bridge temporary funding gaps subject to regulatory limits, has run up for years, standing at N789.6 billion when the current administration started in…