News

Executive Director of the Nigerian Export Promotion Council (NEPC), Segun Awolowo, has revealed that the sum of almost N350 billion is lost to smuggling of Shea products from Nigeria every year due to the non-existence of proper structure for the Shea value chain in the country. “Nearly N345 million is lost in the smuggling of Shea products out of the ...

Nearly 40 Nigerian companies showcased their potential for offshore materials and services in the oil and gas industry at an exhibition held in Lagos by the deep-water subsidiary of Shell in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) The exhibition, the 4th in the series, aimed to raise the level of awareness in critical offshore oil and gas ...

The United Nations Office on Drugs and Crime (UNODC), with support from the Government of Japan and in collaboration with the Director of Public Prosecution in Nigeria’s Federal Ministry of Justice, has delivered a series of in-depth training workshops for 34 Nigerian prosecutors. The workshops focused on strengthening capacity to prosecute terrorism and other serious offenses, in accordance with the ...

The development of indigenous manpower for the oil and gas industry received a boost on Friday, October 30, 2015 as 40 engineering and geosciences graduates passed out from a one-year internship programme organised by the Shell Petroleum Development Company of Nigeria (SPDC) operated Joint Venture and Petroleum Technology Association of Nigeria (PETAN), a group of indigenous oilfield service companies. The ...

Following the success of its 2012 and 2014 bidding rounds, the Ministry of Mines, Industry and Energy of Equatorial Guinea has announced it will launch a new bidding round for all remaining deep and ultra-deepwater blocks in 2016. Two operators have confirmed they will further explore prospects in Equatorial Guinea in 2016: RoyalGate Energy will drill Block Z and Brazil’s ...

The Special Adviser to the President on Media and Publicity, Femi Adesina, and the Chairman of Zinox Group, Stan Leo Eke, have emphasised the need for responsible online journalism in the country. Adesina and Eke spoke on Thursday at the launch of the Guild of Corporate Online Publishers (GOCOP), a body formed by professional journalists with not less than 10 ...

A former Chairman of Punch newspapers, Chief Ajibola Ogunshola, has said the practice of online journalism comes with its own responsibilities. Ogunshola said just like the traditional media, practitioners of online must be ready for the consequences of their actions whether good or bad. Speaking on Thursday at the launch of an association formed by professional journalists who have taken ...

In a renewed effort to tackle corruption head-long in Nigeria, anti-corruption agencies in Nigeria will this week embark on a three-day retreat in Lagos under the European Union-funded support to anti-corruption in Nigeria project being implemented by the Union Nations Office on Drugs and Crime (UNODC). The retreat is to enable them to take stock of their activities and agree ...

Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has announced the start-up of production from the Bonga Phase 3 project. Andrew Brown, Shell’s Upstream International Director, said: “This new start up is another important milestone for Bonga, adding valuable new production to this major facility.” Bonga Phase 3 is an expansion of the Bonga Main development, with peak production expected ...

The Debt Management Office (DMO) has helped to facilitate bailout for 23 states of the federation by working out an arrangement under which their domestic debts were restructured for repayment over a much longer period. Director General of DMO, Dr. Abraham Nwankwo, disclosed this on Friday while speaking at a workshop for online publishers organised in Lagos by the Agency. ...