The Offshore Technology Conference (OTC) announces that 17 technologies will receive the 2018 Spotlight on New Technology® Award, two of which are being recognized in…
Read MoreHow Billionaire Igho Sanomi celebrated his 42nd Birthday
Igho Sanomi, Founder and Chairman of Taleveras, quietly celebrated his 42nd birthday on 17th May. This coincided with the conclusion of the “Touch A Life…
Read MoreAfrica Finance Corporation brokers US$425M for Oil and Gas
Lagos – Africa Finance Corporation (‘AFC’) is acting as lead arranger for an up to US$425 million senior mezzanine facility for New Age (African Global…
Read MoreScrapping of fuel subsidies to save Nigeria $5 billion
Nigeria’s government, which relies on oil for about two-thirds of its revenue, sees a silver lining to the plunge in crude prices because it will…
Read MoreOil pipeline saboteurs costing Nigeria $2.4M a day
Multiple attacks on strategic oil and gas installations is costing Nigeria $2.4 million daily, a Cabinet minister said Tuesday as the military launched a manhunt…
Read MoreEmmanuel Ibe Kachikwu appointed NNPC GMD
Nigerian President Muhammadu Buhari has appointed Dr. Emmanuel Ibe Kachikwu as NNPC Group Managing Director as announced in a statement from Buhari’s spokesman Femi Adesina,…
Read MoreNigerian Oil Refineries Resume Production
Abuja (AFP) – Three of Nigeria’s four refineries have resumed production and are performing at between 60 and 80 percent of their installed capacities, state-run…
Read MoreNigeria grounded by viral fuel scarcity
An email sent to parents by the proprietress of a nursery (elementary) school in Lagos further buttressed the depth of the impact of the Nigerian…
Read MoreThousands lose jobs due to Oil price crash
As crude oil prices continue slipping, jobs are being lost in the thousands. The latest: oilfield services provider Baker Hughes (BHI), which said Tuesday it…
Read MorePetrol Pump Price drops by N10
The Federal Government of Nigeria has announced the reduction of the fuel price of petrol from N97 per litre to N87 per litre. The Minister…
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