SystemSpecs promotes six
SystemSpecs, an e-payment, payroll, business and financial management solutions provider, has announced the promotion of six of its management staff. A statement by the company’s Head, Brand and...
View ArticleCorruption, insecurity threaten economic growth –Sanusi
The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Tuesday said high level of corruption, insecurity and “mixed signals in power and petroleum reforms” would affect the country’s...
View ArticleGreener cars could slash US pollution by 2050
Greener cars that use alternative fuels could help the United States slash its greenhouse gas emissions from everyday driving a full 80 per cent by 2050, according to a scientific study out Monday....
View ArticlePIB threatens $66bn deepwater investments —Oil firms
International Oil Companies under the aegis of the Oil Producers Trade Section of the Lagos Chamber of Commerce and Industry has said the Petroleum Industry Bill, if passed as it is, will jeopardise...
View ArticleJacka awarded Tanzanian PSA
Australian junior Jacka Resources has been formally awarded a 100 per cent interest in a production sharing agreement covering the onshore Ruhuhu Block in south-west Tanzania, upstreamonline.com...
View Article‘SMSEs vital to economic growth’
The Executive Director, Retail Banking, Diamond Bank Plc, Mr. Jude Anele, has said that the development of Small and Medium Scale Enterprise is crucial to the survival of the country’s economy. Anele...
View ArticleStatoil green light for Smorbukk South
Statoil and its partners have decided to move forward with the Nkr3.5 billion ($600m) development of the Smorbukk South Extension project as a subsea satellite to the Aasgard field in the Norwegian...
View ArticlePCS union declares budget day strike
LONDON: Civil servants are staging a strike over pay and pensions to coincide with Budget day, the British Broadcasting Corporation reported on Wednesday. The Public and Commercial Services union says...
View ArticleLocal content: LADOL, Samsung build capacity with N1.6bn
The Chairman, Lagos Deep Offshore Logistics Base, Mr. Ladi Jadesimi, has said that an estimated N1.6bn has been invested in deepening local capacity in the Nigerian oil and gas industry. This, he said...
View ArticleCBN, bank chiefs renegotiate capital adequacy ratios
Top executives of banks and the Central Bank of Nigeria have started negotiations on the recent review of the risk weights for capital adequacy by the regulator, investigations have revealed. Our...
View Article‘Marmageddon’ over as New Zealand shops restock Marmite
NEW ZEALAND: Marmite has returned to supermarket shelves in New Zealand for the first time in over a year, after shortages caused by the Christchurch quake, the British Broadcasting Corporation...
View ArticleChevron denies interference in Gbaramatu leadership selection
Chevron Nigeria Limited, operator of the NNPC/Chevron Joint Venture, has denied interfering in the election of representatives for the Egbema-Gbaramatu Central Development Committee. Gbaramatu is a...
View ArticleNLNG now contributing 4% to GDP –Omotowa
With an annual production of 23 million tonnes of gas, the Nigerian Liquefied Natural Gas now contributes four per cent to the country’s Gross Domestic Product, the Managing Director of the company,...
View ArticleDPR to fast-track bid round for marginal fields
The Director, Department of Petroleum Resources, Mr. Osten Olorunshola, has said that the next bid round for the marginal fields would take not more than seven months before the award of licences....
View ArticleNigerians condemn plans to increase fuel price
Nigerians have taken to the social media to register their displeasure with the government’s plan on total subsidy removal, while also questioning the impact of SURE-P amid massive infrastructural...
View ArticleShell places top bid in Gulf auction
Anglo-Dutch supermajor Shell appears to have placed the highest bid of the entire central Gulf of Mexico Lease Sale 22 with a $52.9m offer for De Soto Canyon 489 in the east-central US Gulf deep-water,...
View ArticleSAC capital rises by 4%
Steven Cohen’s SAC Capital Advisors has gained about four per cent this year, beating the industry average at a time the $15bn fund is still very much in federal investigators’ crosshairs. An investor...
View ArticleEconomy’ll collapse without full deregulation – FG
The Federal Government on Wednesday said the country’s economy would be truncated if the full deregulation of the downstream sector of the petroleum industry was not carried out. The Minister of...
View ArticleBanks exploit customers through hidden charges – Survey
A recent survey carried out by NOI Polls has revealed that Deposit Money Banks are exploiting their customers. NOI Polls Limited, a non-governmental opinion polling and research organisation, in a...
View ArticleDonation buys Royal Institution time
LONDON: The Royal Institution has received an anonymous £4.4m donation to help ease its financial troubles, the British Broadcasting Corporation reported on Wednesday. It means that one of the oldest...
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