NewsNigeriaOil and Gas

How 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 Today”, GIPLC campaign funded by Sanomi which during a 3-week period reached over 1000 identified vulnerable Nigerians in Abuja, Delta and Benue States, who received …

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AfricaBusinessOil and Gas

Africa 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 Energy) Limited (‘New Age’), a privately held oil and gas exploration, development, and production company with assets primarily across Africa, to enable the company to …

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NewsNigeriaOil and Gas

Oil 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 for a militant and warned it will hold community leaders responsible for the “economic sabotage.” The attacks began Friday in the southern Niger Delta after …

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Breaking NewsNewsOil and Gas

Nigerian 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 oil firm NNPC said Wednesday. The Nigerian National Petroleum Corporation (NNPC) said in a statement that the refineries — largely moribund for several years — have …

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Oil and Gas

Thousands 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 plans to lay off about 7,000 employees – or about 11% of its workforce – in the wake of a nearly 60% drop in the …

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NewsPolitics

The Next Dispensation

President Goodluck Jonathan, Muhammadu Buhari Nigeria’s former military ruler Muhammadu Buhari will run against President Goodluck Jonathan in the forthcoming February 2015 polls after a landslide win in the primaries. The elections are likely to be the most closely fought and tense since a return to democracy in 1999. Buhari, 72, …

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BlogEditor

Igho Sanomi ranked top 100 Economic Leaders of Tomorrow

The world renowned Choiseul Institute for international politics and geo-economics has just released its ranking of the top 100 young economic leaders of Africa. The annual independent study ‘Choiseul Africa 100’  by the Parisian institution, takes into account the economic leaders of Africa, up to the maximum age of 40, …

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News

Nigeria poised to become Africa’s biggest economy

Lagos (AFP) – Nigeria could leap-frog South Africa to become Africa’s biggest economy this weekend, when the results of a new way of calculating national output are announced. Government statisticians will unveil the new figures on Sunday, with widespread expectations that their recalculations will catapult the continent’s most populous nation …

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