Ardova Plc has announced the successful issuance of a tranche A and tranche B Series I bond worth up to N25.3 billion cumulatively. The issuance is part of the company’s newly established N60 billion bond issuance programme. In a statement filed with the Nigerian Exchange Limited (NGX), the firm said that it would be applying…
…Says NNPC Will Remain Transparent, Accountable to Nigerians In yet another recognition of his efforts since becoming the GMD/CEO of the NNPC, Mallam Mele Kyari has been honoured with the “The Sun Man of The Year Award”, the biggest recognition by The Sun Publishing Comapany Ltd, publishers of The Sun Newspaper titles. Kyari received the…
London, UK, – Remote Medical International has acquired HSE Offshore as part of its strategic initiative to expand its oil & gas offshore medical capabilities. As a global medical services provider, Remote Medical International has recognised the need to continue growing its business and operational capabilities in Europe and Africa, to get closer to customers…
LAGOS, Nigeria, July 5, 2018/ — As part of its efforts to help boost power supply in Nigeria, GE (NYSE: GE) (www.GE.com), the world’s premier digital industrial company, yesterday announced its intention to collaborate with the Niger Delta Power Holding Company (NDPHC) on the development of an End-To-End to Power Intervention (EEIP). This announcement followed…
LAGOS, Nigeria, July 5, 2018/ — GE (NYSE: GE) (www.GE.com), the world’s premier digital industrial company and the Lagos State Government have agreed to pool their resources for the development of critical infrastructure in the state in the areas of Power, Healthcare and Skills Development. This was announced during the signing of a Support and…
General Electric (GE) (www.GE.com), the world’s premier Digital Industrial Company, has commissioned a scalable micro grid system powered by a Hybrid Distributed Power unit for Digo Village in the Oromia region of Ethiopia. The system which was implemented in partnership with Ethiopia’s Ministry of Water, Irrigation and Electricity, the Oromia Region Energy bureau as well…
By Ayobami Adedinni The Nigerian National Petroleum Corporation (NNPC) is set to list on the floors of the Nigerian Stock Exchange, (NSE) in order to fund its new projects which include the NNPC/NAOC JV Idu-Re-development, South Gas Project, North Gas Project and Central Gas Project. Maikanti Baru, group managing director of the corporation, made this…
Ahmadu-Kida Musa, deputy managing director, Deep Water, Total Upstream Nigeria Ltd., yesterday in Abuja, said the country must put in place sustainable Production Sharing Contract (PSC), and gas terms to drive continued investment in the nation’s deep offshore oil and gas sector. Speaking at the Nigerian Content seminar, as part of the ongoing Nigeria Oil…
Wider hybrid and electric vehicle (EV) adoption should support demand for cobalt and lithium, Fitch Ratings and CRU, a privately owned business intelligence company focusing on the global mining, metals and fertilizers markets, say. However, CRU expects demand for cobalt to be lower than many market participants’ expectations from 2025 onwards due to the faster…
Viper Innovations, a UK company specializing in maximizing the operational life of subsea controls and electrical distribution equipment, has appointed a new distributor to improve its service offering and share of the Nigerian offshore oil and gas market. Royal Niger Emerging Technologies Ltd, which is based in Port Harcourt, has more than 5 years’ experience…
