All Entries in the "Industry News" Category
Oil Firms asked to leave Niger Delta
LEADER of the Niger-Delta Peoples’ Volunteer Force, NDPVF, and the Joint Revolutionary Council, JRC, Alhaji Mujahid Dokubo-Asari and National President, Ijaw Youth Council, IYC, Dr. Chris Ekiyor, have accused multinational oil companies of fuelling the crises in the Niger-Delta.
They accused the firms of stealing the oil belonging to the people and taking sides with the [...]
NITEL, Sold to the New Generations Telecommunications Consortium for $2.5 biliion
Nigeria’s first National Telecommunications carrier, NITEL, sold to the New Generations Telecommunications Consortium
ABUJA—AFTER a rigorous bid which saw five consortia, jostling for the soul of Nigeria’s first National Telecommunications carrier, NITEL, the New Generations Telecommunications Consortium, Tuesday, emerged winners of the new NITEL with a bid of $2.5 billion.
The amount is approximately N375 billion, [...]
American Airlines Charge $8 For Blankets
Chilly on the plane? Bring a sweater, or $8 for a blanket-and-pillow pack, if you’re on a domestic American Airlines flight.
On May 1, the carrier will begin charging for a pillow and blanket set on all domestic flights, as well as those to or from Canada, Mexico, Hawaii, the Caribbean and Central America, according to [...]
Google: Blogger Intergates with Amazon
Google has added anew way for Blogger blogs to be monetized from within their system – an integration with Amazon Associates program.
Previously the ‘monetize’ tab on the back end of Blogger blogs only had options to set up AdSense – but today you can now do the same with Amazon.
Total Discovers Fresh Oil in Nigeria’s Deep water zone
Total Exploration and Production Nigeria has discovered hydrocarbons in the southern portion of the Oil Prospecting Licence 223, in deepwaters offshore Southeastern Nigeria.
The Owowo South B-1 well was drilled by Seadrill‘s West Capella drillship in a water depth of 670 metres and is located 20 kilometres east of the Usan field, currently under development.
The well [...]
Nigerian Liquefied Natural Gas Limited, (NLNG) Appoints New Deputy MD
THE Nigerian Liquefied Natural Gas Limited, (NLNG) Company has appointed Mr Basheer Koko as the new Deputy Managing Director, haven taken over from his predecessor Engineer Faithful Abbi Abbiye Suku recently.
Koko, had long made a mark in the banking and advertising sectors began to parade their whiz kids, making a youthful executive of multimillion dollar [...]
Globacom Appoints Okon Iyanam as Head, Special Projects
Telecommunications giant, Globacom has appointed marketing communications specialist, Okon Iyanam who recently returned to the company as Head, Special Projects in the Communications Department.
A very reliable source close to the telecommunications giant confirmed that Iyanam did not return to Globacom as Executive Director, Marketing Communications as speculated but rather as Head of Special Projects.
“There was [...]
Goverment Releases 10-year Plan for Nuclear Energy
NIGERIA yesterday took a more pragmatic step towards generating power from nuclear energy as it officially unveiled a 10-year strategic plan of action.
Meanwhile, the Minister of State for Finance Remi Babalola, said yesterday that the Federal Government had released in full the capital budget for this year to all its ministries, departments and agencies (MDAs) [...]
International Atomic Energy Agency (IAEA) Support Nigeria Ambition to Build a Nuclear Power Plant
The International Atomic Energy Agency (IAEA) said yesterday that it is fully in support of the country’s ambitions to build a nuclear power plant to meet its growing energy needs.
The position of the agency was conveyed by the representative of the Director-General of IAEA, Dr. Vincent Nkong-Njock, who spoke at the presentation of the Strategic [...]
Fresh N180bn Loans Uncovered in Intercontinental Bank
Fresh allegations have emerged in Abuja that a former Managing Director of Intercontinental Bank, Dr. Erastus Akingbola, granted N180bn loans to his associates and companies he had interest in.
The total debt stock of the bank, as announced by the Central Bank of Nigeria in August, was N210.9bn.
Akingbola was one of the five bank managing directors [...]
Nigeria’s Power Generation Drop to 2,627 Megawatts as 6000 Megawatts Generation target Approches
Power generation dropped to 2,627 megawatts on Tuesday, as the deadline for the 6,000 megawatts generation target remains 30 days to expire.
Our correspondent gathered on Tuesday that morning peak generation of Power Holding Company of Nigeria and independent power companies, dropped to 2,675MW, due to gas constraints, from an average of 3,000MW a few days‘ [...]
Arik Air Makes Historic Flight into New York
Arik Air made history yesterday morning when it touched down at the JFK International Airport in New York, and this makes the airline the first Nigerian carrier to operate flights into the U.S. in the last decade.
The liquidated national carrier, Nigeria Airways, stopped operations into New York at the peak of its management crisis, which [...]
20 Nigerians Get International Welding Certification
Nigeria has scaled the first major hurdle towards securing international recognition as a welding nation capable of producing certified welders for the oil and gas industry.
This followed the successful completion of a three month intensive training programme by 20 Nigerian welders at the South Africa Institute of Welding, under the welders training and certification programme [...]
Association of National Accountants of Nigeria (ANAN) Calls for True Deregulation
Immediate past President of Association of National Accountants of Nigeria (ANAN), Mr. Samuel Nzekwe, has called on the Federal government to stem tide of outward flow of investment to other West African countries.
Nzekwe believes that the outward flow of investment out of Nigeria is necessitated by unfavourable investment climate in the country.
He told Daily Sun [...]
Nigeria Customs Uncovers N10 billion Import Fraud
The Customs Duty Investigating Team ‘B’ operating in the Eastern Ports, has uncovered revenue loss to the tune of N10 billion within the first week of its operations.
A glean from the interim report submitted by the Team Head, Hassan Mundu, a Deputy Comptroller of customs indicated large scale breach of clearance procedure and unpaid assessments [...]
Dangote Savannah Sugar Company (SSC) Targets 1m Tonnes of Sugar Annually
Nigeria’s major sugar plant, the Savannah Sugar Company (SSC) in Numan, Adamawa State, owned by Dangote Industries Limited (DIL) has announced a major expansion project as it targets to produce one million tonnes of sugar annually by 2013.
President and Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, disclosed this in a ceremony to mark [...]
NNPC Targets 50% Ownership of Filling Stations
In a bid to put to rest the perennial artificial fuel scarcity in the country, the Nigerian National Petroleum Corporation (NNPC), has concluded arrangements with some Independent Marketers to take over their filling stations in order to sustain steady fuel supply.
The Group Managing Director of the corporation, Dr. Mohammed Sanusi Barkindo gave the hint during [...]
Nigeria’s Crude Oil Reserves Hit 38bn Barrels
Nigeria’s crude oil reserves recorded a marginal 8.6 per cent increase, growing from 35billion barrels in the first quarter of the year to 38billion barrels by the third quarter of the year, according to data provided by the DPR.
Director of the Department of Petroleum Resources (DPR), Mr. Billy Agha at a recent press conference said [...]
