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…
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…
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…
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…
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…
Igho Sanomi makes Forbes Billionaire listing
In 2004, Igho Sanomi founded the Taleveras Group, a Nigerian energy trading company. Taleveras trades over 100 million barrels of crude oil as well as several million…
OTC Houston reveals record attendance
Each year, the Offshore Technology Conference-OTC brings thousands to Houston to see the newest drilling technology. About 90,000 visitors are expected at this year’s conference.…
The re-emergence of global brands in Nigeria
For years, foreign companies have hesitated to invest in Nigeria because of logistical challenges, poor electricity and government corruption. Now, however, as Nigeria’s middle class…
Central Bank of Nigeria bars blacklisted businesses from Bank Loans
Abuja – The Central bank of Nigeria has warned banks to steer clear of blacklisted businesses including that of Zenon Oil and Gas owned by…