Oil slipped further below 58 dollars a barrel on Thursday, pressured by concerns about global economic growth, oil demand and signs of excess supply, despite OPEC-led cuts. Euro zone business growth stalled in September, a survey on Thursday showed, a day after the U.S. announced import tariffs on European Union products. U.S. crude inventories rose…
Total Nigeria Plc has hosted its edition of the annual ‘Total Job Shadow’ – a corporate social responsibility (CSR) educational initiative where students are brought into the company’s facilities to experience firsthand, a work environment and participate in a series of carefully selected educational activities including a leadership session. The 2019 edition of Total Job…
One of the oldest power facilities in Nigeria, the Ijora power station at IjoraOlopa, will soon wear a new look as the Transmission Company of Nigeria (TCN) and Nigeria Electricity Liability Management Company are in talks. TCN wants to buy the facility from NELMCO for use as a workshop for repairs of their transformers, among…
The Inspector General of Police (IGP), Mr Mohammed Adamu has called on the Special Task Force on Petroleum and Illegal Bunkering to be firm in the discharge of their duties. Adamu made the call on Wednesday in Abuja at his maiden meeting with sector, intelligence and unit commanders of the task force. He said the…
The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV) has appealed to its host communities to continue to create the enabling environment for sustainable business growth. Mr Igo Weli, the SPDC General Manager, External Relations, made the appeal on Thursday at the inauguration of 34 community projects in Ogulagha Kingdom, Burutu Local…
Ikeja Electric Plc (IE) has commissioned its franchise centres at Olowora, Ikosi, Arepo, Bariga, Ketu and Ogudu, as part of its strategy to extend its customer footprint and provide ease of access to services The Ikeja Electric Franchise project, a business strategy aimed at facilitating improved engagements and customer experience for spot on resolution of…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,216 Megawatts-hour of electricity into the national grid on Wednesday . This is contained in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained in Abuja on Thursday. The…
The 21st Ministerial Meeting was convened in Moscow, the Russian Federation on October 3rd, 2019, under the Chairmanship of HE Manuel Salvador Quevedo Fernandez, People’s Power Minister of Petroleum of the Bolivarian Republic of Venezuela, as the President of the Ministerial Meeting. The Meeting was attended by official delegations from Algeria, Bolivia, Egypt, Equatorial Guinea, Iran,…
The Year of Investment 2020 is an initiative of the Ministry of Mines and Hydrocarbons (MMH) to pursue Equatorial Guinea’s agenda of energy cooperation and investment MALABO, Equatorial Guinea, October 2, 2019/ — In light of the success of the Year of Energy 2019, an initiative of the Republic of Equatorial Guinea which is seeing…
A software developer, Mr Garry Sylvester, on Wednesday called for adoption of Information Communication Technology (ICT) to boost the country’s ease of doing business rating. Sylvester, who made the call during in a news conference in Abuja,said it was high time Nigeria took the issue of technology seriously, adding that it had become the driver…