House of Representatives urges federal government to suspend sale of 49% NLNG...
The House of Representatives yesterday called on the Federal Government to halted the sale of its 49 percent share capital at the Nigerian Liquified Natural Gas (NLNG). Moving the motion, Rep. Brown...
View ArticleCSR-in-Action partners NEITI, FMPR, FMMSD on resolving conflict in extractive...
Ibe Kachikwu PRESS RELEASE—-CSR-in-Action Advocacy, in partnership with the Nigerian Extractive Industries Transparency Initiative, NEITI; the Federal Ministry of Petroleum Resources, FMPR; Ministry...
View ArticlePrivate Individuals Can Invest In Embedded Power Generation-Says Fashola
Investors are free to establish commercial independent power generation plant without seeking a license from the Federal Government. These were the words of the Minister of Works, Power and Housing,...
View ArticlePhoto News: Open Day of Economic Recovery and Growth Plan (ERGP) Focus Labs
Minister of Finance, Mrs. Kemi Adeosun; Vice President Yemi Osinbajo and Minister of Budget and National Planning, Senator Udoma Udo Udoma, during the Open Day of the Economic Recovery and Growth Plan...
View ArticleTantalizers Pursues Expansion, opens new outlet in Ikare Akoko
Tantalizers, one of the leading brands in the nation’s Quick Service Restaurant sector, says its expansion program is fully on course as many towns in the country have been identified for new...
View ArticleFBN Insurance Wins African Insurance Company Of The Year Award
BY NKECHI NAECHE—–FBNInsurance Limited has won the 2018 Insurance Company of the year award at the 4th African Insurance Awards in recognition of its aggressive strategy to develop the retail life...
View ArticleNigeria’s Inflation Drops To 12.48% In April-NBS
BY MATTEW ORJI—-The National Bureau of Statistics (NBS) on Tuesday said that the Nigeria’s Consumer Price Index which measures inflation dropped from 13.34 per cent in March to 12.48 per cent in April....
View ArticleOPEC SECRETARY GENERAL TO BE HONORED AS “AFRICA OIL MAN OF THE YEAR”
*Africa Oil & Power will present H.E. Mohammed Barkindo, Secretary General of OPEC, with highest honors at annual Cape Town conference *OPEC Secretary General has restored global oil market...
View ArticleBW OFFSHORE MAKES NEW FINDS IN DUSSAFU
Oslo listed BW Offshore, has penetrated additional hydrocarbon-bearing reservoirs in the Dentale D2B and Dentale D6 reservoirs with the DTM3, an appraisal well in the Tortue field in Gabon’s offshore...
View ArticleTOTAL MULLS >$1BILLION INVESTMENT IN PETROCHEMICALS IN ALGERIA
TOTAL has signed an agreement with Sonatrach, the Algerian state hydrocarbon company, to launch engineering studies for a petrochemical project in Arzew, in the west of the country. The project...
View ArticleTRANSFORCADOS PIPELINE SHUT IN FOR THE 7TH DAY RUNNING
The TransForcados Pipeline in Nigeria, blown up on May 7, 2018, had not been re-opened as of the afternoon of May 14, 2018, a full week after. Over 15 oil fields, producing about 250,000BOPD through...
View ArticleForex: Inter-Bank Sector Gets $210m
May 16, 2018/CBN In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, 2018, injected the sum of $210million into the inter-bank Foreign Exchange Market to boost...
View ArticleFunding Rates Crash Below 20% as CBN SLF hits 6-Month high at N239bn
15/5/2018/Zedcrest Capital Bond The bond market traded on a relatively flat note, as initial bullish sentiments following release of the April inflation results were offset by some profit taking by...
View ArticleNNPC Pledges Continued Support For NIPS …Receives Event’s Official Report
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr Maikanti Baru has pledged the Corporation’s continuous support for the Nigerian International Petroleum Summit,...
View ArticleOver 300,000 workers to be employed in solar, wind energy sectors in India –...
Over 300,000 workers will be employed in the solar and wind energy sectors in India to meet the country’s target of generating 175 gigawatts of electricity from renewable sources by 2022, the...
View ArticleShell Nigeria Gas boosts domestic gas distribution capacity by 150%
Shell Nigeria Gas (SNG) Limited has increased its domestic gas distribution capacity by 150% over the last six months. The increase in capacity will enable the company to distribute more than 100...
View ArticleU.S. players need new model to secure $100bn LNG investment – Souki
The United States liquefied natural gas market players will have to find a new model enabling them to finance the transition into a true commodity market, as long-term contracts won’t be needed in the...
View ArticleOld Mutual General And Life Insurance 2017 Financial Accounts Gets NAICOM’s...
BY NKECHI NAECHE——Ahead of June 30th deadline, the National Insurance Commission (NAICOM), said it has approved the 2017 financial accounts of Old Mutual General Insurance Company Nigeria Limited and...
View ArticleShell Nigeria Increases Domestic Gas Distribution Capacity By 150%
Shell Nigeria Gas (SNG) Limited has increased its domestic gas distribution capacity by 150% over the last six months. The increase in capacity will enable the company to distribute more than 100...
View ArticleNational Assembly Increases Oil Price Benchmark To $51
The National Assembly on Wednesday passed the Appropriation Bill into law.The estimated expenditure proposed by the President Muhammadu Buhari six months ago was also raised to N9,120,334,988,225, an...
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