Iraqi oil minister Ihsan Ismaael has denied a Reuters report that said Iraq wants to seek an exemption from OPEC+ output cuts in 2021, calling the report “baseless” and reaffirming the country’s support for the curbs agreed in April. “Iraq welcomed the production adjustment decision reached in April 2020 by all participating countries,” the minister […]
The nation’s power sector has recorded yet another national peak generation, the Transmission Company of Nigeria (TCN) said on Saturday. Ms Ndidi Mbah, the General Manager of Public Affairs at the TCN, disclosed this in a statement. She stated that Nigeria recorded a peak power generation of 5,520.40MW at about 9:15pm on Friday, 60.90MW higher […]
US military forces rescued an American citizen in Nigeria, the Pentagon said on Saturday, days after he was kidnapped by gunmen in the south of neighbouring Niger and apparently taken across the border. The hostage, Philip Walton, was abducted Monday night on the outskirts of Massalata, a village about 10 kilometres (six miles) from the […]
By Foster Obi Ikeja Electric said it has commenced the rollout of Prepaid Meters under the National Mass Metering Programme, approved by the Federal Government, with effect from Friday, October 30, 2020 A statement by the company said that this programme is part of Federal Government’s effort to further bridge the country’s metering gap and […]
Exxon said its adjusted loss for the three months ending in September was pegged at 18 cents per share, firmly inside the Street consensus forecast of 25 cents per share. Exxon’s reported loss was 15 cents per shre, or $680 million. Group revenues, Exxon said, fell 29% to $46.2 billion, a figure that also topped […]
Anglo-Dutch oil titan Royal Dutch Shell on Thursday logged third-quarter net profit of $489 million (415 million euros), rebounding after a vast coronavirus-driven loss in the prior three months. Profit after tax for July-September was boosted by steadier oil prices and contrasted with a vast net loss of $18.1 billion in the second quarter, when […]
Mr. William A. O’Neil, Secretary-General Emeritus of the International Maritime Organization (IMO), has died in the United Kingdom, aged 93. IMO Secretary-General Kitack Lim expressed his sincere condolences to the Canadian Government, Mr. O’Neil’s remaining family, and the condolences of the entire IMO membership and staff. “It is with great sadness that we have learned […]
In a reaction to EndSARS protest, the Ndigboamaka Progressive Association, the umbrella body of major markets in Lagos has condemned in totality the ongoing protests in some parts of the country. This position was contained in a press release made available by the Secretary-General of Ndigboamaka Progressive Association, Hon. Comrade Chinedu Ukatu, in Lagos recently. […]
All is set for the hosting of the National Trade and Investment Summit 2020 slated for November 3, 2020 at Airport Hotel, Ikeja, Lagos titled, “HARNESSING THE POTENTIALS OF TRADE AND INVESTMENT FOR NATIONAL ECONOMIC GROWTH AND SUSTAINABILITY,” organized by TradePower Global Communications in conjunction with Ndi-Igbo Amaka Progressive Association, the umbrella body of main […]
A key group of WTO ambassadors has proposed Ngozi Okonjo-Iweala to lead the World Trade Organization, trade sources told Reuters on Wednesday, clearing a path for her to become the first woman and African to head the global watchdog in its 25-year history. The proposal, which still needs full WTO approval, caps a more than […]