Category: Business News
Business News
NNPC GMD, DPR Director, Wale Tinubu, others to grace NAEC Conference 2019
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, is to lead other team of discussants to analyse topical issues in oil and gas industry at the 2019 edition of the Association of Energy Correspondents of Nigeria (NAEC) annual conference. The event, which is scheduled to hold at the…
Happy Eid Mubarak to our esteemed readers
May this special day bring peace, happiness and prosperity to everyone. Eid Mubarak.
Ikeja Electric, MOJEC advise customers on meter registration process
Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has fully commenced the roll out of meters under the Meter Asset Provider (MAP) scheme, to all unmetered customer across its network. In the first phase, which culminated at the end of July, metering was restricted to only customers in Ikorodu, Abule-Egba and Shomolu Business Units. However,…
We ’ll publish contracts details this month —NNPC boss
Damilola Shittu – Abuja In his determination towards ensuring transparent transactions, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday said that the corporation would respond to calls for the disclosure of contracts and contractors later this month. He noted that the biggest contracts in the corporation’s portfolio currently…
No plan to relocate Nigerian Gas Company headquarters from Niger Delta —NNPC
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) has for the umpteenth time assured stakeholders in Delta State and the Niger Delta in general that it has no plan to relocate the headquarters of its subsidiary, Nigerian Gas Company (NGC) from its present location in Delta State to somewhere outside the region. The NNPC…
Oriental Energy announces oil discovery in Ebok Deep (OML 67)
NIGERIA’s leading marginal field operator, Oriental Energy Resources Limited, OERL, has confirmed oil discovery in two deep prospects that were identified during extensive subsurface studies in its offshore Ebok field. Oriental Energy commenced the appraisal drilling campaign in the North Fault Block of the field in the first quarter of 2019, Q1’19, with the objective…
Non-passage of petroleum bills hindering oil investments —NNPC
Shittu Oluwadamilola – Abuja The Nigerian National Petroleum Corporation has said the volume of foreign investment flow into the country will not be as robust as it should be until the petroleum legislation for the oil and gas sector is passed. The NNPC’s Group Managing Director, Mele Kyari, said this during a visit of the…
Entrepreneurs should build sustainable business that ‘ll outlive them —Joyce Akpata, DG, Nigerian-American Chamber of Commerce
By Oke Peter Director-General of the Nigerian-American Chamber of Commerce, Mrs. Joyce Akpata has advised entrepreneurs in the country to build business that will outlive them, nothing that creating a gap between business and personal interest will make the business sustainable. Akpata gave the charge in her lecture entitled: ‘Creating the right structure in building…
Germany Africa Business Forum launches multi-million Euro funding commitment to invest in German energy startups
The Germany Africa Business Forum (GABF) brings together Africa’s foremost executives with German companies, investors and innovators with the aim of driving change The Germany Africa Business Forum (GABF), whose goal is to strengthen investment ties between Germany and Africa, announced it has, in collaboration with private partners from the energy industry, launched a multi-million…
African Crowdfunding Platform empowers entrepreneurs in emerging markets
Crowdfunding has taken off globally and has recently begun to gain traction in Africa in particular, because of the opportunities it gives individuals or businesses looking to raise awareness and funds for their innovative ideas and products. On that note, the African Crowdfunding Platform Event was held in Mauritius on Monday 22 July 2019 at…