(NAN) The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Thursday said corruption in the oil and gas industry was overblown. Kachikwu who spoke with Journalists after the launch of the new roadmap tagged “The 7 Big Wins”,…
TOTAL Nigeria gets best customer service award
For the third time, Total Nigeria Plc has bagged the Nigerian Customer Service Awards as the Best Customer Service Company in the Nigerian Oil &Gas sector. The company had won the award in year 2014 and 2015. According to a…
NSE Photo News
L-R shows Mr Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange NSE; Rt. Hon. Zakawanu Garuba, Executive Commissioner, Securities and Exchange Commission (SEC ); Senator Ganiyu Olanrewaju Solomon, former Chairman, Senate Committee on Capital Markets and Mr. Oluwaseyi…
NLNG to raise $15b, targets 18,000 jobs
The Nigeria Liquefied Natural Gas Limited (NLNG) is to raise $15 billion from the International Capital Market to fund its Train 7 project. Briefing members of the Senate Committee on Gas led by Senator Bassey Albert Akpan, Managing Director…
FBN Holdings posts N417.3B gross earnings in nine months
For the nine Months ended September 30, 2016, FBN Holdings Plc recorded N417.3 Billion gross earnings, up by 7.0 per cent when compared to N390.0 Billion attained within same period in 2015. Also within the period, net-interest income stood…
World Federation of Exchanges to host 300 delegates at 2016 annual meeting
The World Federation of Exchanges (WFE) has concluded plans to host 300 delegates at its 56th General Assembly & Annual Meeting scheduled for November 2-4, 2016, in Cartagena, Colombia. The event, hosted by Bolsa de Valores de Colombia (BVC), will…
Union Bank declares N13.3b pre-tax profit in Q3
Union Bank of Nigeria (UBN) Plc has declared N13.3 Billion profit before tax for the nine months ended September 30, 2016, indicating 27 per cent growth. According to the result, gross earnings rose by 12 per cent to N93.43…
Mercedes plans two powerful E-class variants
(Auto News) Mercedes-Benz’s latest E-class sedans went on sale in June and now the automaker has shed light on the high-performance variants. The high-end E63 S is powered by a 4.0-liter V-8 biturbo engine that produces 603 hp and 627…
CMA CGM reshuffles Spain, Morocco, West Africa services
French container shipping giant CMA CGM has decided to upgrade its WAZZAN service and reorganize PHOEX and BEX services. The modified port rotation of the WAZZAN service, which connects Morocco and West Africa, is scheduled to start on November 8, 2016,…
Minister laments ‘high-level’ corruption in Customs
Efforts by the Federal Government to realize money from revenue generating agencies such as Nigeria Customs Service (NCS) is being hampered by alleged high-level corruption, the Minister of Finance, Kemi Adeosun has said. Addressing members of the Senate Committee on…
FG Seeks NASS approval to borrow $29.9b
The Federal Government has forwarded a letter to the National Assembly seeking approval to borrow externally $29.9 billion as part of measures to ensure the prompt implementation of projects. In a letter addressed to the Speaker of the House of…
Don’t contemplate another fuel price hike, TUC tells FG
The Trade Union Congress (TUC) of Nigeria has advised the Federal Government not to contemplate any increase in the price of petroleum products. The union in a statement on Tuesday described the statement credited to the Group General Manager,…
‘No plan to increase petrol price’
The Nigerian National Petroleum Corporation (NNPC) has denied reported plan to increase the price of fuel. In a statement issued by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Garba-Deen Muhammad, the corporation said, “Reference of unsustainability…
NSE admits The Initiatives on ASEM board
Efforts by The Nigerian Stock Exchange (NSE) to encourage indigenous firms to list their shares on its market has been bolstered with the listing of 889,981,552 ordinary shares of The Initiatives Plc ( TIP) at 50 kobo each. Priced at…