Business

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 ...

Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017, while at the same expanding the field with further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back that unlocked the nearby Bonga North West field in August ...

The potential for the African Continental Free Trade Area (AfCFTA) to become a powerful tool for driving industrialisation, economic diversification and development has been highlighted at the start of the UN Economic Commission for Africa’s (ECA) Conference of Ministers in Addis Ababa (Ethiopia). The four-day event, holding from May 11 to 15, aims to advance the ambitious initiative to form ...

Some 290 Nigerian contractors have received loans worth more than N472 billion under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates, relaxed collateral requirements and quicker processing time. Also, Shell Companies in Nigeria awarded contracts worth over ...

To help unlock economic growth, the African Development Bank (afDB) is coordinating the implementation of an integrated development strategy for Portuguese-speaking countries in Africa. In preparation for the rollout of this initiative, the bank and the Government of Portugal have signed an agreement to provide language training to African Development Bank staff interested in learning Portuguese, as well as professional ...