Oil prices slid on Thursday as hopes faded for any significant progress in U.S.-China trade talks that could dispel clouds over the global economy and gloom over prospects for weaker oil demand. Global benchmark Brent crude futures fell 26 cents, or 0.5 per cent, to $58.05 a barrel while U.S. West Texas Intermediate crude was at…
The Nigerian Ports Authority, has dismissed what it called the blackmail of a section of its former workers who have assembled under the name; Nigerian Ports Authority Concerned Pensioners (NPACP), a group that is not known to any Nigerian law. Although members of this group, led by Mr. Charles Ayo Binitie are former employees of…
Vice President Yemi Osinbajo has wooed investors from the Nordic region with assurances that Nigeria is deeply committed to expanding opportunities for investments in renewable energy, and technology. Osinbajo took the message to a cross section of Norwegian investors at a round-table event at the Nordic-African Business Summit holding in Oslo, Norway. A statement by…
A total of 115 cataract patients benefitted from this year’s free eye surgery sponsored by Samsung Heavy Industries Nigeria Limited (SHIN) in collaboration with the Lagos State University Teaching Hospital (LASUTH), and Vision Care, an arm of the World Health Organisation (WHO) dedicated to restore and improve people vision. Speaking to journalists at a joint…
To shore up the skill pool in the Oil and Gas Industry, the Nigerian National Petroleum Corporation (NNPC) and the Oil and Gas Trainers Association (OGTAN) have expressed their readiness to partner in boosting the education and capacity levels of workers in the Petroleum Sector. Group Managing Director of the NNPC, Mallam Mele Kyari and…
The Nigerian National Petroleum Corporation (NNPC), has expressed its commitment to sustain adoption of global approach in its bid to reposition the Oil and Gas Industry in Nigeria. A release by the corporation’s Acting Group General Manager, Group Public Affairs, Mr. Samson Makoji, said the NNPC Group Managing Director, Mallam Melle Kyari stated this Tuesday…
The Nigerian National Petroleum Corporation, NNPC has recorded an improved trading surplus of ₦4.26 billion in the month of July compared to the ₦3.92 billion surplus posted in June 2019. Also, a total crude oil and gas export receipt of $390.33 million was recorded in the same month as against $312.93 million in June. It stated…
Experts in technological innovations, automations and energy management met at Schneider Electric’s Innovation Day, which held at Lagos Continental Hotel, on the 10 of October, 2019 to deliberate and exchange ideas as regards contextual applications of the latest wave of digitization in powering the digital economy to increase efficiency, business growth, and profitability. Albert Fuchet,…
The Nigerian Copyright Commission (NCC) has urged licensed cable companies operating in Nigeria to respect the copyright law and follow global best practices. The Director-General of the commission, Mr John Asein, in a statement issued in Abuja on Sunday reiterated the commission’s commitment to intensify its enforcement of broadcast rights in the country. Asein gave…
The Nigerian Liquefied Natural Gas Company (NLNG) has invested over 30 billion US dollars (N10.8 trillion) to build gas facilities and other infrastructures in Bonny Island, Rivers, an official said. Mr Tony Attah, Managing Director of NLNG disclosed this on Sunday at the end of week-long activities marking the company’s 20/30 Anniversary Celebration. The NLNG…
