A 45-year-old oil dealer, Ayoola David, who allegedly obtained N 94.1 million under the pretext of supplying Automotive Gas Oil (AGO), was on Wednesday docked before an Igbosere Magistrates’ Court, Lagos. David, a resident of Asiri Brown Akufa Street, Aguda, Surulere area of Lagos, is facing trial on a three-count charge of conspiracy, fraud and…
French major TOTAL has terminated its agreement to purchase stakes belonging to British minor Tullow in the Ugandan oilfield project. TOTAL cites inability to reach common ground on the farm in/farm out, with the Ugandan authorities. “On January 9, 2017, TOTAL and Tullow entered into a Sale and Purchase Agreement (SPA) whereby TOTAL would acquire…
The Federal Government on Tuesday in Abuja restated its commitment to bring prosperity to the broadcast industry and move the sector forward. The Minister of Information and Culture, Alhaji Lai Mohammed, gave the assurance in an address of welcome at the 5th Annual Lecture of Nigerian Broadcasting Commission (NBC). The theme of the lecture for…
SIFAX Group, one of Africa’s leading multinational Maritime company, said it had attained 130,000 Twenty-feet Equivalent Unit(TEU) cargo capacity by June ending. Sifax Group General Manager, Chief Adekunle Oyinloye, told journalists on Tuesday in Lagos that the organisation had projected to reach 290,000 TEU cargo capacity by the end of the year. A twenty-foot equivalent…
The National Agency for Science and Engineering Infrastructure (NASENI) says 60 of its engineers on Tuesday departed Nigeria for China for four months training on manufacturing of transformers in Nigeria. A statement issued by NASENI Deputy Director (Information), Mr Olusegun Ayeoyenikan, said the training was targeted at establishing a fully indigenous transformer plant to be…
The Ibadan Electricity Distribution Company (IBEDC) says it will soon start a certification process for workers in the company so as to improve their performance and productivity. The Chief Operating Officer of the company, Mr John Ayodele, made this known in a statement in Lagos on Tuesday. Ayodele said that the move would also ensure…
The Department of Petroleum Resources (DPR) on Tuesday said it had sealed no fewer than 55 petrol stations in Port-Harcourt and environs in the last six weeks for various offences. Mr Bassey Nkanga, Operations Controller, DPR, Port Harcourt Zone, disclosed this to newsmen as the department continued with its three-day inspection and surveillance of petroleum…
Available data on oil spills from National Oil Spills Detection and Response Agency (NOSDRA), showed that at least 1,000 incidents occur every year in Bayelsa. Though the cumulative volume of oil leakage into the environment in Bayelsa cannot be easily ascertained; Shell Petroleum Development Company figures available can provide some insight. SPDC in its 2019…
The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Hassan Bello says high cost of shipping has an adverse effect on the economy of Nigeria and other African countries. Bello said this in an interview with newsmen shortly after the meeting of members of Union of African Shippers Council (UASC) in Abuja on Wednesday. He said that…
The Nigerian Electricity Regulatory Commission (NERC) says the report of Distribution Companies (Discos) on compliance with the Aug. 31 deadline to meter Ministries, Departments and Agencies (MDAs) will determine the next line of action. Dr Usman Abba-Arabi, General Manager, Public Affairs, NERC, spoke on telephone on Wednesday, three days to the expiration of the deadline….