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NCDMB earns industry support on R&D Roundtable
Research and development efforts in the Nigerian oil and gas industry have been given a huge boost as key operators under the aegis of Petroleum Contractors Trade Section (PCTS) have offered to provide an array of support that would facilitate…
Red Bull founder, Dietrich Mateschitz, dies at 78
Owner and co-founder of Red Bull, a global brand in energy beverages, Dietrich Mateschitz, has been announced dead following a battle with cancer. Mateschitz who once claimed to drink 10 to 12 cans of the beverage every day died at…
Moody’s places Nigeria’s biggest banks on downgrade review
Moody’s Investors Service has placed on review for downgrade the long-term deposit ratings, as well as the long-term issuer and senior unsecured debt ratings of the nine largest banks in Nigeria under it coverage. In a statement, Moody’s said the…
Mozambique to export first LNG cargoes by November
Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region….
Wabote bags National Excellence Award in Public Service
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, stood eminent with the “Distinguished Capacity Development Award” at the Nigeria Excellence Award in Public Service (NEAPS), byPresident Muhammadu Buhari (GCFR). The award was…
Flood, banditry, inflation menace Nigerians with starvation
Sopuruchi Onwuka The prediction of hunger which has formed a consistent warning since the occupation of the farming communities of the country has been amplified by the prevailing spate of flood incidents that submerged vast farmland and wiped hopes of…
Telecom firms to reverse inflation tariff hikes
Nigerian Telecommunications Commission (NCC) has ordered players in the nation’s mobile telecommunication industry to reverse a 10% tariff hike that was meant to cover rising costs. The industry regulator said in an emailed statement that its board didn’t approve the…
NLNG clarifies that Bonny plant maintains limited operations
Nigeria’s liquefied natural gas export company, the NLNG Limited, has made it clear that whereas flooding and associated feedgas cuts have impacted it operations, the company still processes and exports its products at limited capacity. Spokesman, Mr Andy Odeh, clarified…
High demand buoys diesel prices as Europe’s fuel crisis worsens
Diesel may not be glamorous but it is increasingly prized, with refiners in Asia and the Middle East stepping up shipments of the vital industrial fuel to Europe as the region grapples with a shortage. Exports from Asia swelled to…
DEBT OVERHANG: FG to convert $45.4 bn CBN loan to 40-year bonds
Sopuruchi Onwuka Federal government has introduced new debt management measures that would convert about N20 trillion or $45.4 billion of loans taken from the central bank to 40-year bonds, agency sources reported. Director General of the Debt Management Office (DMO),…
