30 results
- 23 Jan 2013
Dark Clouds over Egina $13.35Bn Project
Group executive committee (GEC) of the Nigeria National Petroleum Corporation (NNPC) has returned a damning indictment on National Petroleum Investment Management Services (NAPIMS), Total Upstream…
- 5 Jul 2020
Reps to Grill Banks, Others over $30Bn Forex Racketeering
House of Representatives has summoned 24 banks and 14 oil companies over an alleged forex racketeering leading to an annual loss of over $30bn as revenue. The Joint House of Representatives Committee…
- 14 Oct 2013
Ecobank, Others Ink $7.5b Contractors’ Initiative Pact
Ecobank Nigeria and seven other leading deposit money banks in the country, at the weekend, in Port Harcourt, Rivers State, signed a Memorandum of Understanding (MoU) with Total Exploration and…
- 3 Oct 2017
Total’s Egina Project: TechnipFMC Installs 6 Manifold Modules in Nigeria
The six (6) manifold modules built by TechnipFMC for Total’s Egina project have been successfully installed in the field located offshore Nigeria within OML 130. They have been manufactured at the…
- 10 Jul 2012
Standard Bank Group, JP Morgan Finance Acquisition of Oil Mining Lease
The Standard Bank Group and JP Morgan have provided instrumental support in financing the acquisition price of oil mining lease in Nigeria (OML 30). Standard Bank will further provide the permanent…
- 21 Aug 2017
NCDMB Lauds Nigerdock, 49 Vocational Trainees Graduate From Training Academy
The Nigerian Content Development and Monitoring Board (NCDMB) has applauded leading indigenous energy services company, Nigerdock, for its persistent efforts toward promoting local content and…
- 10 May 2017
Nigerdock Graduates 48
To re-emphasise its leadership in Nigerian Human Capacity Development, Nigerdock Plc. has graduated 48 professional trainees from its recently re-branded training and development academy upon…
- 18 Jul 2019
French Start-up Kwik Appoints Candide-Johnson Head of Nigeria Operation
The French start-up kwik has announced that Olatowun Candide-Johnson, a Nigerian lawyer and businesswoman, has officially been appointed Chairwoman of its supervisory board. kwik, which aims to…
- 22 Jun 2022
Senate Probes Shell Over Alleged Joint Venture Breach
The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of the Joint Venture…
- 6 Aug 2013
Egina Project: Samsung Toss Nigerian Content Act Over-Board
Total and Samsung appear to have tossed the provisions of the Nigerian Content Act over-board in the execution of the $15 billion Egina oil project scheduled to deliver first oil in 2017, pleading…
- 2 Sept 2014
LADOL, Samsung Reinvigorate Partnership, Target 50,000 Jobs
Egina oil and gas project valued at about $3.8 billion has resonated following a renewed pact between the technical facilitators, LADOL and Samsung Heavy Industries. The project otherwise known as…
- 2 Apr 2025
Shell, Renaissance Face Legal Action over SPDC Licence Transfer
A suit seeking to stop Shell Petroleum Development Company Limited’s deal transferring its mining licence to Renaissance African Energy Company Limited has been filed at the Federal High Court in…
- 21 Jun 2015
NLNG eyes $1.5Bn Ship Yard in Nigeria
Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa's biggest economy at the cost of $1.5 billion, in its attempt to turn the country…
- 31 Mar 2016
Nigeria Seeks Assistance from Chevron, Others to Revamp Refineries
Nigeria is in talks with oil majors Chevron, France's Total and Italy's ENI to get help revamping the ailing refineries in Africa's top crude producer, Kachikwu said. The country has been trying to…
- 14 Oct 2023
IXPN Hits 500 Gbps Peak Local Internet Traffic Milestone, Targets 1 Tbps by End of 2024
Mr. Muhammed Rudman, Chief Executive Officer of Internet Exchange Point of Nigeria (IXPN) says that peak Internet traffic on its infrastructure has witnessed significant growth ranging from 300Gbps…
- 24 Jul 2025
Moody’s Upgrades Ecobank’s Outlook to Stable
Moody’s has upgraded the outlook on Ecobank Transnational Incorporated’s long-term issuer and senior unsecured debt ratings to stable from negative. In the latest rating commentary, made available to…
- 21 Mar 2021
MTN Having Difficulties Repatriating over N106Bn Profit from Nigeria- CEO
MTN group has said that it is yet to repatriate over N106bn about R4.2bn (south African currency) profits made from Nigeria back to South Africa due to the challenge of accessing foreign currency.…
- 14 Mar 2019
Dangote, Chevron Nigeria Sign Historic Agreement on Gas Supply
Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron’s supply portfolio to the fertilizer plant, which is…
- 7 Apr 2019
Shell Emerges Nigeria’s Most Impactful Local Content Company
Shell Companies in Nigeria have emerged the International Oil Company with the most impactful Local Content Initiatives in the upstream category at the 2019 edition of the Nigerian Oil and Gas…
- 8 Apr 2017
Union Bank to Raise $164m to Bolster Capital Buffers
Union Bank of Nigeria plans to raise 50 billion naira ($164 million) by the end of the second quarter via a rights issue to boost its capital adequacy and tap opportunities to lend to agribusinesses,…
- 3 Oct 2012
For TECNO, It's Customers First- Qin
Nicholas Qin is the chief operating officer, Tecno Mobile Limited and he believes that it is not good to try to stop knowledge from going forward. He spoke to Samson enato. Overview of TECNO and…
- 21 May 2015
Loan Dodgers Owe Banks N138Bn
Loan default by customers made 13 Deposit Money Banks to lose a combined sum of N138 billion in the 2014 financial year, according to calculations by the Punch Newspaper. Data obtained from the 2014…
- 15 May 2017
Banks, IOCs in Trouble for Defrauding FG of $63Bn
The Senate is investigating some banks for alleged collusion with some international oil companies (IOCs) to defraud the country. It was alleged that over $63 billion had been taken out of the…
- 18 Sept 2016
IPv6 Council Nigeria Advocates Speedy Adoption of the New Internet Protocol
The Internet Protocol version Six (IPv6) Council Nigeria, has stressed the need for speedy adoption of the protocol in the country. Mr. Muhammed Rudman, Council Chairman, made this call in Abuja…
- 31 Oct 2013
UBA Grows Loan Book By 26.7%, Income Hits N48Bn
United Bank for Africa Plc (UBA) has released its nine months financial results, showing a significant 26.7% growth in loan portfolio, as the bank positions to take advantage of emerging…
- 3 Jul 2025
NNPCL Posts 40% Profit Hike, Hits ₦1 Trillion Mark
Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax of ₦1.054 trillion for May 2025, representing a significant 40.4 percent jump from the ₦748 billion recorded in…
- 30 Sept 2018
Aiteo Founder Wins Forbes Oil & Gas Leader of the Year Award, 2018
International business leader and founder of Aiteo Group, Benedict Peters was awarded Africa’s Oil and Gas Leader of the Year at the Forbes Best of Africa Gala which held at Forbes Headquarters, New…
- 12 Nov 2013
JP Morgan Recommends UBA Shares over 45% Upside Potential
Investors that take position on UBA shares now have the chance of making as much as 45% return over the next 12 months writes US based Investment banking giant, JP Morgan, in its latest…
- 4 May 2016
Energy Firms Owe Nigerian Banks N3.93trn -CBN
Oil, gas and power firms owe banks in the country about N3.931 trillion as at the end of December 2015, according to latest data released by the Central Bank of Nigeria (CBN). Mr Godwin…
- 5 Jul 2016
Fuel Scarcity Looms as PENGASSAN Down Tools Thursday
Fuel scarcity is imminent in the country as Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered its members to leave their duty posts in all oil installations and…