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ACFTA: China’s $160 bn package to fund African industrialization
Sopuruchi Onwuka New race for African governments in the ongoing Chinese loan disbursements would be to advance industrial propositions that would enable flow of local goods and services in the toll free African Continental Free Trade Area (ACFTA), shifting the…
Diezani: Who goes to jail?
Sopuruchi Onwuka The pressing of charges on Mrs Diezani Alison-Madueke, now popularly known as Diezani, is set to burst a can of worms in the lingering intrigues that held millions of Nigerians spellbound over drawn out corruption case involving millions…
Amend EPSRA, PIA to fix distressed power sector, El-Rufai warns
Sopuruchi Onwuka Former governor of Kaduna State, Mallam Nasir El-Rufai, declared that the laws governing operations in the power and petroleum sectors should be aligned to salvage the increasingly distressed and illiquid electricity supply industry. Mallam El-Rufai stated that the…
NLNG plant is not shut down
The Nigeria Liquefied Natural Gas (NLNG) Limited has discredited media report stating that its plants are in prolonged shutdown and threaten gas production. Nigeria LNG Limited (NLNG) states that the report is false and misleading, its spokesman, Mr Andy Odeh,…
S.Arabia mauls down hundreds of migrants – report
Graves mark migrant routes The Human Rights Watch (HRW) has accused the authorities of Saudi Arabia of killing hundreds of migrants along the Yemeni border, an allegation the government denies. In a new report, the Human Rights Watch declared that…
San Leon shops $5m for indirect investment in OML 18
Sopuruchi Onwuka, with agency reports San Leon Energy announced a further investment of $5.0 million in Energy Link Infrastructure (Malta) Limited (ELI), which owns the new pipeline and the floating storage and offloading vessel for the OML 18 oil and…
Pilot dies midair, 271 passengers landed
A pilot with pricey 25 years flight experience died midair after falling ill, leaving fellow command crew to land the plane. The Oracle Today gathered from online reports that the American pilot flying 271 passengers from Miami to Chile died…
ADNOC hauls out $12.6 bn for Covestro
Abu Dhabi National Oil Co (ADNOC) has signaled a willingness to raise its informal offer to 60 euros per share for a valuation of $12.6 billion for German plastics and chemicals maker Covestro. The latest offer would represent a premium…
Depthwize Majestic rig: 3 crew members still missing
Sopuruchi Onwuka Seplat Energy Plc has declared that its collaboration with industry stakeholders in the search and rescue of crew men of the capsized Depthwize Majestic rig was yet to account for the three missing persons. Managing Director, Mr Roger…
Comparative data challenges NNPC’s import claims
Sopuruchi Onwuka Market data from S&P Global Commodities at Sea have revealed that Nigeria’s petrol import in May averaged just 205,200 b/d or 32,595,000 liters in May, validating reports by The Oracle Today that the about 70 million liters regularly…
