Nigeria Liquefied Natural Gas (NLNG) has offered a cargo for loading in December, three industry sources said on Tuesday. The company has likely offered the cargo through private negotiations and it was not immediately clear if it was a firm offer, one of the sources said. NLNG, set up 16 years ago to export gas, […]
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said there are strong indications that three out of the 40 planned modular refineries would come on stream by end of 2019. Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by Department of Petroleum Resources (DPR) […]
A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing an estimated $6bn. The campaign group Global Witness has calculated the OPL 245 deal in 2011 deprived Nigeria of double its annual education and healthcare budget. Eni and Shell are accused of […]
Blackberry Mobile Nigeria on Monday unveiled Blackberry KEY2 LE, an Android version of Blackberry smartphone in the Nigerian market. The re-born icon Blackberry brand is being sponsored by Ngilex Mobile Ltd. Speaking during the unveiling in Lagos, the Chief Executive Officer, Ngilex, Mr Kingsley Obaji, said that with the Blackberry KEY2 LE, the company was […]
Guaranty Trust Bank and the Nigerian Breweries on Monday top the losers’ table at the Nigerian Stock Exchange (NSE), the News Agency of Nigeria (NAN) reports. Nigerian Breweries recorded the highest loss to lead the losers’ table, dropping by N2.10 to close at N79.40 per share, while Guaranty Trust Bank (GTB) trailed with a loss […]
The Organization of the Petroleum Exporting Countries has been marginalised as critical decisions about the oil market are taken by a troika of the United States, Russia and Saudi Arabia. The rise and subsequent fall in oil prices this year has been almost entirely driven by production decisions in these three countries and their policies […]
Tension has started building up in Delta State due to the decision of the Nigerian National Petroleum Corporation (NNPC) to award oil infrastructure surveillance contract to Ocean Marine Solution Limited contrary to extant rules. Multiple sources said at the weekend that the NNPC approved a contract for the surveillance of the 87-kilometre Trans-Forcados Pipeline (TFP) […]
Tension has started building up in Delta State due to the decision of the Nigerian National Petroleum Corporation (NNPC) to award oil infrastructure surveillance contract to Ocean Marine Solution Limited contrary to extant rules. Multiple sources told THISDAY at the weekend that the NNPC approved a contract for the surveillance of the 87-kilometre Trans-Forcados Pipeline […]
In a bid to shore up the country’s economy, President, National Council for Women Societies, Gloria Laraba Shoda, has disclosed that Prime Unique Women Initiative and Skyhigh Security Safety and Skills in collaboration with the council will storm the United Arab Emirates, Dubai to woo investors. Shoda, who told journalists, in Abuja, recently explained that […]
Pierre-Emerick Aubameyang extended Arsenal’s unbeaten run to 17 matches with the goal that sealed a 2-1 win at Bournemouth on Sunday. Unai Emery’s side took the lead through Jefferson Lerma’s bizarre own goal before Josh King equalised on the stroke of half-time at Dean Court. Aubameyang netted his eighth league goal of the season midway […]