Business

The Chief Operating Officer, Upstream, Eni, Nigerian Agip Oil Company (NAOC), Mr Antonio Vella, says the company is considering doubling investments in the Niger Delta region due to improved security. Vella said this on Tuesday, July 31, 2018 in Abuja in a statement issued by the Spokesman of the Nigerian National Petroleum Corporation (NNPC), Mr Ndu Ughamadu. According to him, ...

The Management of ExxonMobil has given reasons why spy police officers on the company’s employ were terminated shortly after being absorbed in compliance with the recent Supreme Court order. On July 13, 2018, the spy policemen working for the company in its operational locations in Lagos, Eket in Akwa Ibom State and other places simultaneously staged protests over alleged denial ...

The Debt Management Office (DMO) on Friday, July 20, 2018 said the Federal Government would issue another Green Bond to finance capital projects in the 2018 budget before end of the year. Ms Patience Oniha, DMO Director-General, stated this at the listing ceremony of the pioneer FGN N10.69 billion Green Bond at the FMDQ OTC Securities Exchange in Lagos. The ...

The Guild of Corporate Online Publishers (GOCOP) has expressed optimism that the newly launched Nigerian Media Code of Election Coverage (Revised Edition 2018) will to a large extent guide operators and separate trained journalists from those who suddenly found themselves reporting simply because they have access to a laptop or phone and data. Dotun Oladipo, President of GOCOP, made this declaration ...

Trust and credibility survey among the Nigerians in the mainstream institutions of government, business, media and non-governmental organisations has revealed that 72 per cent of Nigerians rank trust in an organisation as number one consideration above other factors when buying a product or relating with an organisation. In the first ever 2018 Edelman Trust Barometer Report unveiled in Lagos, Nigeria ...

The Amos Oluwafemi Olomola Memorial Foundation, in commemoration of two years of the passing of Dr Femi Olomola, has inducted an annual award at the Government Technical College Lagos, Agidingbi-Ikeja, Lagos, for the best Tech 3 student in Graphic Design. Similarly, the Foundation is in the process of establishing a skills acquisition centre in Ilesha, Osun State (Femi Olomola’s hometown), ...

President of the African Development Bank (AfDB), Dr Akinwumi Adesina, on Monday, May 21, 2018 urged African countries to add value to their products in all sectors for rapid industrialisation of the continent. He made the call at a breakfast meeting for newsmen at the bank’s Annual Meeting in Busan, South Korea. He said Africa was greatly endowed with natural resources such ...

A total of N14.86 billion has been invested by the Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint venture on Global Memorandum of Understanding (GMoU) clusters in Rivers State, giving communities a highly-valued opportunity to decide and implement projects and programmes that have a lasting impact on people’s lives. The funding, since the GMoU concept took off in ...

The Shell Petroleum Development Company (SPDC) has urged youths in the oil producing Niger Delta region to embrace peace and end vandalisation of oil installations in the area. Mr Igo Weli, General Manager, External Relations, SPDC, made the appeal on Thursday, May 17, 2018 in Port Harcourt, Rivers State, during the “Youths Summit for Land East Hub Host Communities’’ programme ...

Shell Nigeria Gas (SNG) Limited has increased its domestic gas distribution capacity by 150% over the last six months. The increase in capacity will enable the company to distribute more than 100 million standard cubic feet of gas per day (MMscf/d) to businesses in its western operations. The new capacity is equivalent to some 400 Megawatts (MW) of gas to ...