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NNPC Announces Oando, 38 Other Bidders For 2017/2018 Crude Oil Contract

By Ganiyu Nasirudeen ABUJA, NIGERIA (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced the list of 39 successful bidders for the 2017/2018 crude oil term contract. The Group General Manager, Crude Oil Marketing Division (COMD) of the Corporation, Mr. Mele Kyari announced that the contract would run for one year effective from […]

Fashola Begs Employers Not To Sack Workers Over Poor Power Supply

By Ayo Balogun LAGOS, NIGERIA (AFRICAN EXAMINER) – Minister of Power, Works and Housing, Mr. Babatunde Fashola has advised industrialists, directors and other employers of labour in the country not to panic or downsize their staff in the face of current power supply challenges, indicating that the Federal Government has put a roadmap in place […]

Shell Increases Gas Production in Eastern Niger Delta

BALTIMORE, MD (AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture is producing more gas from Agbada field in the Eastern Niger Delta in support of government’s aspiration of increasing domestic gas production for manufacturing and power generation. Some 10 million standard cubic feet of non-associated gas per day (MMscf/d) […]

CPC Concludes DStv Investigation, Orders Compensation, toll-free Lines for Consumers

Ayodele Afolabi, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) – After an extensive investigation, the Consumer Protection Council (CPC) has said that it has substantiated allegations of violations of consumer rights by MultiChoice Nigeria Limited in the provision of its Digital Satellite Broadcast Television (DStv) service. A statement from the office of the Director General, Dupe Atoki […]

Again, Springfield Debunks Report Linking CEO, Okyere To Corruption, Slams Controversial Website

Oil and Gas company, Springfield Ashburton Limited has again debunked reports circulating in the media, particularly controversial website, Sahara Reporters, linking its MD/CEO, Mr. Kevin Okyere, to corruption in Nigeria’s oil sector under former Petroleum Minister, Mrs. Deziani Alison-Madueke. In a rejoinder to the Sahara Reporters’ story which the website has deliberately not published for […]

Group advocates effective funding of Nigeria Gas Master Plan

By Eric Ojo, Abuja – The Centre for Social Justice (CSJ), an indigenous non-governmental organization (NGO) has harped on the need for a robust and effective funding of the Nigerian Gas Master Plan (NGMP) in order to boost the revenue base of economy in the light of the dwindling oil prices at the international market. […]

CONFAB Delegates Recommend State of Emergency On Power Sector

Delegates at the ongoing National Conference in Abuja have recommended to President Goodluck Jonathan to declare a state of emergency in the power sector. The recommendation was made while adopting the report of the conference committee on Energy. The conference similraly recommended that Federal Government should not leave power and energy to private sectors as […]

Benin Power Company Plans N45bn Investments

Kayode Adelowokan Following the threat by the Nigerian Electricity Regulatory Council (NERC) to sanction distribution companies for shoddy services to consumers, the Benin Electricity Distribution Company (BEDC) has said it would invest over N45 billion to fix power distribution challenges in order the improve the network and increase meter availability. Managing Director of the company, […]

FCMB Finances 45 million Litres Ultra Modern Petroleum Products Tank Farm

An ultra modern petroleum products tank farm, with capacity to store 45,280,000Litres of petroleum products, funded by First City Monument Bank (FCMB) Limited has been commissioned. The project, sponsored by Emadeb Energy Services Limited, was funded by the Bank as part of its contributions to the development of Nigeria’s oil and gas sector. It is […]

General Electric Shines at UN 2013 Global Leadership Award

Kayode Adelowokan, Lagos A leading infrastructure and technology company, General Electric Africa has been honored at the United Nations 2013 Global Leadership Awards Dinner in New York, USA. The award is in recognition of GE’s commitment to the “Every Women Every Child” (EWEC) initiative championed by the UN Secretary General, Mr. Ban Ki-moon, as well […]

CONOIL Stocks Remains Bullish

Kayode Adelowokan, Lagos Investors in Conoil Plc have reaped a return of 15 per cent in one week past as the equity continued to appreciate in value following impressive performance by the major marketing company. Conoil led gainers on at the trading on the Nigerian Stock Exchange on Thursday, appreciating by 10 percent to close […]

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