The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this while delivering a keynote address during an occasion to mark the Egina Manifold Sail Away celebration in Port Harcourt yesterday. In crude oil production, […]
Uber Technologies Inc [UBER.UL], which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, Bloomberg reported, citing people with knowledge of the matter. Uber said in August it was cooperating with a […]
Nigeria has entered into an agreement with three companies on the promotion of indigenous research on food seasonings and ready to use traditional soups. The Federal Government on Tuesday in Abuja signed the Memorandum of Understanding (MoU) with the companies to commercialize indigenous food products. The MoU is to guide the companies on commercialization of […]
The Federal Government of Nigeria is set to implement measures toward realising a growth target of 7 per cent by 2020. The Minister of Budget and National Planning, Senator Udoma Udo Udoma, said Tuesday on the upcoming Twenty Third Nigerian Economic Summit (NES23) scheduled to hold on October 10 to 12 , 2017 at the […]
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to settle all debts allegedly owed oil marketers to avert mass sack of workers in the sector. The union also believed that the payment would engender growth of not only the downstream sector but all sectors of the […]
Union Bank has announced that the subscription period for its N50 billion Rights Issue will commence on Wednesday, September 20 and close on Monday, October 30, 2017. The bank plans to offer 12.1 billion ordinary shares of 50 kobo each, which will be available at N4.10 per share, on the basis of five new shares […]
China’s Tencent Holdings and Guangzhou Automobile Group Company Ltd have agreed to collaborate on internet-connected cars – a strategic pact that sent shares in Guangzhou Auto surging. The development of self-driving cars and fast-changing technology have set in motion a flurry of alliances between internet giants and automakers. Earlier this year, Tencent bought 5 percent […]
U.S. defense contractor Northrop Grumman Corp (NOC.N) said on Monday it would buy Orbital ATK Inc (OA.N) for about $7.8 billion in a deal that gives it greater access to lucrative government contracts and expands its arsenal of missile defense systems and space rockets. The all-cash transaction is the biggest in the defense sector in […]
Social media site, Twitter has added Sriram Krishnan to its product team. is Krishnan will occupy the post of senior director of product of the platform. He announced the news himself, appropriately on Twitter, with a hearty endorsement from CEO Jack Dorsey. He will be reporting to Keith Coleman, who is Twitter’s new-ish VP of […]
About two thousand mega watts of electricity generated into the national grid were unable to be accessed by consumers. Louis Edozien, Permanent Secretary, Federal Ministry of Power, Works and Housing blamed it on inadequate distribution channel. “The national grid produces about 6,600 mega-watts of electricity from the 750,33KV trading points, but less than 4,600 mega-watts […]