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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News

Nigerian Military to suspend operations in Niger Delta

A senior officer in the Nigerian Army confirmed recently that it was observing a two-week ceasefire in the Niger Delta, though warned that military operations could resume if the militants did not respond to requests for dialogue. “The two-week ceasefire was such that all military operations in the region were …

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Breaking NewsNigeriaOil and Gas

Scrapping 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 no longer have to subsidize fuel, Vice President Yemi Osinbajo said. “Lower oil prices also mean there is some advantage,” Osinbajo said in a panel …

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AfricaHealthNews

Aliko Dangote, Bill Gates team up against Malnutrition in Nigeria

Africa’s richest man Aliko Dangote and tech billionaire Bill Gates have announced plans for a $100-million scheme to cut malnutrition in Nigeria. Dangote said the partnership between his Dangote Foundation and the Bill and Melinda Gates Foundation would address the problem, which affects some 11 million children in northern Nigeria. …

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FinanceNewsNigeria

IMF Boss Hints Nigerians to brace for harder times

ABUJA – Managing Director, International Monetary Fund, IMF, Christine Lagarde has asked Nigeria and Nigerians to brace up for harder times, following the massive fall in the price of oil globally, just as she said that the country since inception recorded the slowest pace of growth in the year 2015. Lagarde, …

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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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Oil and Gas

Power Investors Summit: Nigeria

LAGOS, Nigeria – On October 2nd 2013 investors in Nigeria’s power sector gathered to showcase the opportunities arising out of Africa’s most dynamic and exciting economy . In response to this gathering of credible players representatives of some of the most prolific and experienced global investors attended. Nigeria has woken up to …

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