Tuesday , 20 March 2018


Ghana to name four lead advisors for $2.5 bln Eurobond sale

Ghana is set to name four banks as lead advisers for a planned sale of up to $2.5 billion of Eurobonds, expected by June, sources close to the transaction said on Tuesday. According to Reuters, the exporter of cocoa, gold and oil is seeking to raise $2.5 billion to pay off debt and finance its 2018 budget. It stated that Standard …

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Shell, GTbank to pay  $270 oil-backed loan to Amni

Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell and Guaranty Trust Bank have granted a $270 million loan to Amni International Petroleum Development Company Limited. According to Vanguard, Amni is an Independent Oil and Gas Exploration and Production company in Nigeria, with two producing offshore operations in Nigeria and an interest in a newly awarded block …

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Akwa Ibom State Association in US honours Ekere, NDDC MD

The Akwa Ibom State Association of Nigeria, USA Inc., AKISAN, a non-partisan, non-profit socio-cultural organization, with many active chapters throughout the world, has presented a Community Development Excellence Award to the Managing Director of the Niger Delta Development Commission, NDDC, Mr Nsima Ekere. The international recognition, which was presented in Port Harcourt, was coming on the heels of the recent …

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CWC Group mourns Dr. Alirio Parra

The Board of CWC Group has expressed shock over the passing on of His Excellency Dr Alirio Parra. In a statement obtained by The Daily, www.thedaily-ng.com, the group stated that: ‘’It is with great sadness that we announce the passing of His Excellency Dr Alirio Parra, Former Minister of Energy and Mines, Venezuela and Senior Advisor, CWC Group Limited, on the …

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NDDC distributes agricultural inputs to farmers

The Niger Delta Development Commission has flagged off the distribution of agricultural inputs, comprising organic liquid fertilizer and soil conditioner, to farmers in Akwa Ibom State. Addressing farmers at the commencement of the distribution of the agricultural inputs, at the NDDC Akwa Ibom State office in Uyo, the Commission’s Managing Director, Mr Nsima Ekere, said that the interventionist agency was …

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NNPC vows that refineries will roar back soon

The Nigerian National Petroleum Corporation (NNPC) would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities. Group Managing Director of the corporation, Dr. Maikanti Baru disclosed this shortly after receiving this year’s Man of the Year Award fromNigerian NewsDirect, a Lagos-based daily publication, in Lagos, at the weekend. Dr. Baru said as …

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Symposium on PIGB holds March 20, 2018


The Nigeria Extractive Industries Transparency Initiative (NEITI) is set to hold a symposium on the Petroleum Industry Governance Bill (PIGB) recently passed by the National Assembly. The symposium, scheduled to hold in Abuja is designed to sensitize stakeholders on the provisions of the Bill. This is with a view to stimulating public interest ahead of presidential assent and implementation when …

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Wabote charges Charkins Maritime on Seafarers’ training

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has challenged the management of Charkins Maritime and Offshore Safety Centre to develop a strategy that will provide maritime cadets with sea time experience required to qualify them as professional sailors. In a statement sent to The Daily, www.thedaily-ng.com, NCDMB stated that such a strategy would …

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Oil: Angolan programme emerges, Nigerian diffs slide on muted demand

Sellers reacted to recent muted demand for light, sweet Nigerian crude by cutting offer levels while Angola awarded its major products tender and issued its May programme. According to Reuters, ExxonMobil lowered its offer for a cargo of Qua Iboe to dated Brent plus $1.60 a barrel for loading April 7-11. It stated that offers for April-loading Qua Iboe have been …

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