A Group, the Consolidated Capital Market Stakeholders Forum (CCMSF) has taken a swipe at insinuations in some quarters that the Securities and Exchange Commission, SEC, was unfair to Oando Plc in the report of the forensic audit recently released. The SEC had recently wielded the big hammer against Wale Tinubu, banning him and his deputy,…
THE Nigerian National Petroleum Corporation, NNPC, has decried incessant blockades of its premises by people living with disabilities, saying the individuals involved should learn to transmit their concerns to the corporation through appropriate channels. Ndu Ughamadu, NNPC’s group general manager, Group Public Affairs Division, in a release today in Abuja, said the action of the group…
By MARGARET NONGO-OKOJOKWU The Nigerian Content Development and Monitoring Board (NCDMB) on Monday acquired equity in the 12,000barrels per day Azikel Hydroskimming Modular refinery being constructed by Azikel Petroleum Limited at Obunagha, Gbarain, Bayelsa State. When completed and operational in 2021, the refinery will produce about 1.3million litres of premium motor spirit (petrol) as well as…
Mr. Esimaje Brikinn, General Manager Policy, Government & Public Affairs of Chevron Nigeria Limited Chevron Nigeria Limited (CNL) sought for more stakeholders’ support to the implementation of Global Memorandum of Understanding (GMoU) in its host communities in Ekeremor Local Government Area of Bayelsa. Mr Esimaje Brikinn, General Manager, Policy, Government and Public Affairs of Chevron,…
The World Bank and Commonwealth Bank (CBA) have banded together to enable secondary market trading on blockchain for its block-i bond—and apparently it will be the first of its kind. The function was developed by CBA in conjunction with World Bank and market maker TD Securities. The ‘bond-i’ project (blockchain operated new debt instrument) is part of…
The Chairman/CEO of Oilserv Group, Emeka Okwuosa, has said that efforts are underway to ensure that the Obiafu-Obrikom -Oben (OB3) ‘Lot B’ gas pipeline being handled by his company is completed by September 2019. Okwuosa gave the assurance on the sidelines of the just concluded Offshore Technology Conference (OTC), held in Houston, USA.The Oilserv chairman…
Shell Petroleum Development Company (SPDC) on Thursday said it invested over N221.08 million on several infrastructural projects in nine host Etche communities in Rivers. SPDC’s General Manager, External Relations, Igo Weli, spoke on Thursday at the formal handover of the projects to the communities held at Community Secondary School Imeh, Igbo-Etche, Rivers. The projects included,…
Mrs. Marilyn Amobi, Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Company Limited (NBET) The Independent Corrupt Practices Commission, ICPC, is set to prosecute the Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Company Limited (NBET), Dr. Marilyn Amobi, for alleged gross abuse of office. It was gathered that the Office…
Business Manager, Ikorodu Business Unit, Ikeja Electric, Olurotimi Famoroti (left); Head, Corporate Communications, Felix Ofulue; Chairman, New Mampshire Capital, Ambassador Onafowokan Oluseye; Ag Chief Commercial Officer, Ugochukwu Obi-Chukwu; Chief Executive Officer, New Hampshire Capital, Odion Omonfoman, during the launch of Meter Asset Provider (MAP) Scheme at Ikorodu in Lagos. In accordance with the directives of…
The Nigerian Content Development and Monitoring Board (NCDMB) has begun to provide guidance to the Ugandan Petroleum industry on the implementation of Local Content in their budding oil and gas industry. A nine-man delegation drawn from four different agencies in the Ugandan Petroleum industry visited the (NCDMB) recently to understudy the implementation of the Nigerian…
