* Shell’s payments to the Nigerian government grew to $4.32 billion in 2017, up nearly 19 percent from $3.64 billion in 2016, according to its annual sustainability report released on Monday. * The bulk of the payments, $3.197 billion, went to state oil company NNPC for production entitlement * Crude oil theft from pipelines of […]
The Economic Community of West African States (ECOWAS) says its rice offensive programme will make self-sufficiency in rice a reality in the sub-region by 2025. Mr Ernest Aubee, Principal Programme Officer and ECOWAS Head of Agriculture Division, made the disclosure in an interview with News Agency of Nigeria (NAN) in Abuja on Monday. Aubee said […]
By Foster Obi Nigerian National Petroleum Corporation (NNPC) said arrangements were underway for the historic groundbreaking of the 40in x 614km Ajaokuta/Kaduna/Kano (AKK) gas pipeline and stations. A statement by Ndu Ughamadu, NNPC spokesman said this followed last week’s successful execution of contract agreements for the engineering, procurement, construction, commissioning and financing for Lots 1 […]
Flying under the cover of darkness in mountainous, unfamiliar terrain was something the Army avoided in early deployments to Afghanistan where helicopters played a vital role in the fight. But all that changed with greatly improved night-vision capabilities, more training and better tactics, techniques and procedures. Now the Army prefers to operate in what used […]
Oil Benchmark crude oil futures continued to slide for a second week with a weekly decline of more than 4%. Oil prices were pressured primarily due to what is viewed as the first episode of a trade dispute between the US and China. China retaliated to $50bn US import tariffs by an equal amount, while […]
Oil giant Shell was aware of the consequences of climate change, and the role fossil fuels were playing in it, as far back as 1988, documents unearthed by a Dutch news organisation have revealed. They include a calculation that the oil company’s products alone were responsible for 4 per cent of total global carbon emissions […]
The pork industry has been affected by the listeriosis outbreak. The listeriosis crisis has tumbled South Africa’s pork industry into an overnight crisis. Profits of pork producers have dropped as much as 40%, which resulted in millions of rands of losses for pig farmers, since the outbreak. Johann Kotzé, CEO of the SA Pork Producer’s […]
Some Nigerian banks failed to submit their audited reports for the 2017 financial year, missing the deadline given by the Nigerian Stock Exchange, NSE. The banks, listed on the NSE, in their various disclosures gave different reasons for the delays in the submission. The NSE had announced March 31 as the deadline for filing of […]
-Luxury automaker Aston Martin is reportedly preparing for an IPO. -The IPO could be worth as much as £5 billion, according to reports. -The manufacturer is currently owned by Italian private equity fund Investindustrial. Luxury carmaker Aston Martin is lining up three banks to manage a floatation that could value the firm at between £4bn […]
“We wanted to design the world’s most desirable EV and I’m confident we’ve met that challenge,” says director of Jaguar design Ian Callum. He is referring to the I-Pace, the marque’s first pure battery-powered electric car, teased today ahead of the global debut next week at the 2018 Geneva Motor Show. The I-Pace is an […]