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PENGASSAN warns against amendment of NLNG Act •Declares it ‘unnecessary and detrimental to Nigeria’

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has rejected the proposed plan by the House of Representatives to amend the Nigerian Liquefied Natural Gas, NLNG, Act, describing the proposed amendment as unnecessary and detrimental to Nigeria. At its National Executive Committee, NEC, meeting in Abuja, PENGASSAN said: “The amendment could cause […]

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Fidelity Bank wins 8 awards

The CEO of top Nigerian lender, Fidelity Bank, Mr. Nnamdi Okonkwo, was last week presented with the 8 awards won by the Bank’s ‘Tough Job’ campaign at the recently concluded 2016 Lagos Advertising and Ideas Festival (LAIF). Tough Job won Silver for Radio, another Silver for Film, a Bronze for Best Use of Production Design […]

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Jammeh accused of stealing $11 million

The Gambia’s ex-ruler, Yahya Jammeh, plundered the state coffers in his final weeks in power, stealing millions of dollars and shipping out luxury vehicles by cargo plane, according to an aide to new president Adama Barrow. Jammeh, who ruled the small West African country for 22 years, flew into exile late on Saturday to Equatorial […]

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Oil producers say output cut on track

Oil producers said Sunday that their landmark December deal to slash output by almost two million barrels per day was on track, as they met to review progress. “Compliance is great, it’s been really fantastic,” Khaled al-Falih, energy minister of oil behemoth Saudi Arabia, was quoted by Bloomberg as saying. “Based on everything I know, […]