Eko Electricity Distribution Company (EKEDC), says its marketers tasked with the role of door to door revenue collection would henceforth be known as Eko Field Representatives (EFR). Mr Godwin Idemudia, General Manager, Corporate Communications of EKEDC disclosed on Thursday in Lagos that the name change was due the ongoing reorientation of staff members. According to…
Oil prices fell on Tuesday, a day after data showing a decline in U.S. factory orders dragged both benchmarks down from 2019 highs. Despite the slide, investors expect U.S. sanctions on Venezuela and production cuts led by OPEC to head off a glut this year, buoying prices. U.S. crude futures were down 50 cents, or…
The African Development Bank and the Economic Community Of West African States Commission, ECOWAS, have signed an agreement for a study into a 1,000-kilometre highway linking Cote d’Ivoire’s commercial capital Abidjan, to Lagos in Nigeria. The development marks a new step in building regional integration and trade. The proposed Abidjan-Lagos Corridor Highway, a six-lane (3-lane dual) motorway, will…
The Executive Secretary of Nigeria Shippers’ Council, Mr. Hassan Bello, has revealed Federal Government’s plan to return the country to international shipping. Bello, who doubles as chairman, Nigerian Fleet Implementation Committee, NFIC, the Vice President, Prof Yemi Osinbajo has directed the NFIC and the Nigerian Investment Promotion Commission, NIPC, to review an existing proposal on…
Demand for Angolan crude from Chinese refiners in the run-up to the lunar new year holiday has all but drained supplies of March-loading cargoes, while Nigerian differentials have held up thanks to a draw of barrels to European refiners. * Traders said there are fewer than five March cargoes left, meaning the programme has effectively…
Fifteen finalists have emerged in the 2018-2019 Startupper challenge of the Year sponsored by Total. In a list sent by the firm on Monday, the shortlisted finalists were selected out of more than 5,212 entries, through a questionnaire and a “Share for Likes” voting phase, before being reviewed by social business professionals. They include: Amoo…
The discovery, which will help open a new hydrocarbons province in South Africa, could prove the presence of billions of barrels of oil equivalent in South African waters JOHANNESBURG, South Africa, February 7, 2019/ — Gas discovery in the offshore Outeniqua Basin speaks to South Africa’s hidden oil & gas potential; gives an opportunity for…
Equatorial Guinea’s block Z holds an estimated 3.6 tcf of gas HOUSTON, United States of America, January 28, 2019/ — The company plans to drill in Block Z; Equatorial Guinea’s block Z holds an estimated 3.6 tcf of gas; RoyalGate is also interested in Angola’s marginal field licensing round African independent RoyalGate Energy (RoyalGateEnergy.com) has been…
This technical assistance will support South Sudan in building an enabling environment for business and a world-class oil industry for the benefits of all citizens and investors JUBA, South Sudan, January 30, 2019/ — The Chamber will mobilize capacity building initiatives; it will work on reforms to boost an enabling environment for oil investors; it…
The total investment of the project will be over one billion dollars RIYADH, Kingdom of Saudi Arabia, February 1, 2019/ — The world’s largest thin-film solar power solution company, Hanergy Thin Film Power Group (00566.hk) (en.HanergyThinFilmPower.com) has signed an MOU investment cooperation agreement with Ajlan & Bros on Monday (Jan. 28) in launching the first…