Monday , 23 October 2017

Power Briefing

Buhari, Baru sued over alleged illegal appointments in NNPC

A constitutional lawyer, Mr. Johnmary Jideobi, has dragged President Muhammadu Buhari before the Federal High Court in Abuja, alleging that he approved illegal appointments in the Nigerian National Petroleum Corporation, NNPC. The Abuja based legal practitioner is praying the high court to declare that it was unconstitutional for President Buhari to unilaterally approve appointments or any form of re-organisation in …

Read More »

Body of man who jumped into Lagos Lagoon found

The body of Oluseye Adekunle, the man who jumped into the Lagoon around Lekki Toll gate in an attempt to commit suicide on Friday has been found. PREMIUM TIMES gathered that the body was discovered by a local fisherman early Sunday morning at about 5.00 a.m. floating by the river bank, around Lekki-Ikoyi Bridge. The body was recovered from the lagoon by coordinated effort …

Read More »

Monkey pox: Youth council begins awareness campaign Monday

The National Youth Council of Nigeria (NYCN) says it will begin a nationwide awareness campaign against the Monkey pox disease on Monday. Monkey-pox disease NYCN’s National President, Malam Murtala Garba, made this known in a statement in Abuja on Sunday. Garba said that the campaign tagged: ‘‘Kick Monkey pox out of Nigeria,’’ would focus on enlightening Nigerians about risk factors associated …

Read More »

Dangote Cement strengthen pan-African market volume

Leading pan African cement manufacturer, the Dangote Cement has maintained its strong hold in the Nigeria domestic cement market accounting for 65 percent of the Nigerian market volume, while other African plants’ volumes went up by 7.5 percent to 7.0 mta. The Cement company has in the past months expanded its operations across Africa with the coming on stream of the …

Read More »

NERC fines IBEDC N50 million

Following the outcome of an open book review conducted on the financial records of Ibadan Electricity Distribution Company plc (IBEDC), the Nigerian Electricity Regulatory Commission found the company wanting on two grounds of inappropriate financial transactions and was subsequently fined a sum of N50m. The fine was account of its failure to secure a refund of an interest free loan …

Read More »

Gunmen kill 13 Niger gendarmes in attack near Mali border

Gunmen on pick-up trucks and motorcycles coming from Mali killed 13 gendarmes and wounded five more in an attack on their base in western Niger, security sources said on Saturday.   The village is a few dozen kilometres (miles) from where militants killed four U.S. soldiers in an ambush on Oct. 4 that has thrown a spotlight on a U.S. counter-terrorism …

Read More »

PIND, MADE Put Niger Delta Development in Focus at Nigerian Economic Summit

The Foundation for Partnership Initiatives in the Niger Delta (PIND) and the Market Development Project in the Niger Delta (MADE), on October 11, 2017, partnered with the Nigerian Economic Summit’s Sustainability Policy Commission to sponsor a breakout session at the Transcorp Hilton in Abuja themed “Low Carbon Investment Opportunities for Economic Recovery and Growth Plan (ERGP) in Niger Delta Communities”. …

Read More »

OPTS holds 55th anniversary business engagement soon

Oil Producers Trade Section (OPTS), the oldest and foremost sectorial group for operators in the Upstream Oil and Gas industry in Nigeria, will hold a business event to mark its 55th anniversary as an organization onThursday, November 2, 2017.  The event, which will have the Vice President, Prof. Yemi Osinbajo as the Keynote Speaker, will hold at Eko Hotel & Suites, …

Read More »

W. Africa Crude-Nigerian exports to rise in Dec, trading slow

Nigeria’s December exports were on track for a healthy increase as more loading programmes emerge. Pending tenders from India and Taiwan kept spot demand. Export plans for Forcados, Bonga, Agbami and other grades were issued on Friday and the current programme of 48 cargoes, with 1.38 million barrels per day (bpd), is already above the November plan. While Shell lifted …

Read More »

Transferwise resumes Nigeria money transfers citing confidence in naira

Money transfer company Transferwise has resumed remittances to Nigeria after a 17-month break, having confidence in the central bank’s handling of the naira, its chief executive said on Friday. Remittances or money transfers make up the second-largest source of foreign exchange receipts in Africa’s biggest economy, after oil revenues. Around $20 billion a year is sent to Nigeria, according to …

Read More »

Saipem@50: A reccurring decimal in Nigeria’s petroleum industry – Kachukwu

Direct Sale-Direct Purchase to Replace Crude Swap begins March – Kachikwu

Saipem, a global leader in drilling services, engineering, procurement, project management, construction and installation of pipelines and complex projects onshore and offshore in Nigeria’s petroleum industry has been described by the Minister of State for Petroleum Resources, Dr. Ibe Kachukwu as a reccurring decimal during bidding exercise.   Dr. Kachukwu stated this when the company marked its 50th-anniversary operations in …

Read More »