Author: majorwavesen

NEWS

Nigerian Content Development and Monitoring Board (NCDMB) partners Dangote Refinery on local content implementation
Bymajorwavesen October 15, 2018

Content Board lauds Dangote Refinery on local content …expresses readiness for partnership LAGOS, Nigeria, October 15, 2018/ — Nigerian Content Development and Monitoring Board (NCDMB) has praised the management of Dangote (www.Dangote.com) Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) over its adherence to the local content law in the execution of its projects and…

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NEWS

Executive Order 6: Court backs Buhari on seizure of looters’ assets
Bymajorwavesen October 15, 2018

The Federal High Court in Abuja on Thursday validated the Presidential Executive Order 6 of 2018 which provides for the interim seizure of assets linked to ongoing criminal trials and investigations. President Muhammadu Buhari had on July 5, 2018, issued the Presidential Executive Order, but two lawyers, Ikenga Ugochinyere and Mr Keneth Udeze, instituted…

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NEWS | OIL AND GAS

Total unveils competition for young Nigerian entrepreneurs
Bymajorwavesen October 15, 2018

Total Upstream Nigeria Limited and Total Nigeria Plc have announced the commencement of the second edition of the Startupper of the Year Challenge. The General Manager, Human Resources and Corporate Services, Total Nigeria, Olubunmi Popoola-Mordi, said the Startupper of the Year by Total Challenge 2018-2019 was designed to support and reward young entrepreneurs up…

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Manpower | NEWS

Nestlé and Ashoka advance Social Investment Accelerator Programme
Bymajorwavesen October 15, 2018

Nestlé and Ashoka on Tuesday announced the commencement of a social investment accelerator programme that seeks to advance social entrepreneurship and boost economic development in Africa. As part of the programme, 12 social entrepreneurs from Ghana, Benin, Egypt, Kenya, Uganda and South Africa would have the opportunity to learn new tools and methodologies to help…

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POWER

NERC considers limiting estimated billing by power firms
Bymajorwavesen October 15, 2018

As the outcry from electricity consumers over ‘crazy’ bills continues to rage almost five years after the privatisation of the power sector, the Nigerian Electricity Regulatory Commission is considering putting limits on estimated billing. NERC noted that the issue of estimated billing had continued to constitute a major source of complaint by customers of…

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NEWS | OIL AND GAS

Death Toll in Abia Pipeline Explosion Rises to 150
Bymajorwavesen October 15, 2018

Emmanuel Ugwu in Umuahia As the death toll in the recent pipeline explosion in Abia State hits 150, Senator Theodore Orji, has called on the Nigerian National Petroleum Corporation (NNPC) to hasten up and repair all its leaking pipelines to halt further avoidable deaths. He made the call at the weekend when he visited Umuimo…

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OIL AND GAS

Petrol Subsidy to Exceed $3.85bn Estimate, Says Report
Bymajorwavesen October 15, 2018

A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will exceed $3.85 billion initial estimate by the Minister of State for Petroleum Resources, Dr. Ibe…

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OIL AND GAS

Oil and Gas: Oil lifting from Tullow Ghana to GNPC accrued to USD2.5 billion in 2017
Bymajorwavesen October 15, 2018

Tullow Ghana Limited, operators of Jubilee and TEN Oil Fields has been sharing highlights of their contribution to the growth of the Ghanaian economy. Since its operation in 2006 in Ghana, in offshore oil exploration and production, the company has made tremendous impact in support the country’s fiscal and economic growth. Director of External Affairs…

Read More Oil and Gas: Oil lifting from Tullow Ghana to GNPC accrued to USD2.5 billion in 2017
POWER

BPE Announces December 31, 2019 Deadline for Performance Review of Discos
Bymajorwavesen October 15, 2018

The Bureau of Public Enterprises (BPE) has announced December 31, 2019 as the final performance review date of 10 of the 11 electricity distribution companies (Discos) in the country, with the exception of Kaduna Disco. The BPE Director General, Mr. Alex Okoh, who made the disclosure in a press statement, said the relevant agencies of…

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OIL AND GAS

GHANA LAUNCHES MAIDEN OIL AND GAS LICENSING ROUND
Bymajorwavesen October 15, 2018

Ghana’s President Nana Addo Dankwa Akufo-Addo is expected to launch the country’s maiden Oil and Gas Licensing Round on Monday, October 15, 2018 in Accra. The purpose of the licensing round is to enable the government of Ghana to transparently invite, negotiate and enter into petroleum agreements with competent and capable companies, who will explore…

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