Falling demand from EU, US forces FG to remember African oil supply market
Necessity experts say, is the father of not just invention and innovation but thinking locally. Over the years, the federal government had been shining in supplying crude oil to international demands surging from Europe and America. But emerging change in…
ANED accuses Gencos, NBET of over-invoicing energy charges to Discos
Association of National Electricity Distributors (ANED), an umbrella body for the Discos, has raised fresh alarm over how Nigerian Bulk Electricity Trading Company (NBETC) is conniving with power Gencos to issue invoices that had higher capacity charges than energy charges…
Ghanaian Varsity launches Satellite to monitor coastlines, mapping with $.5m
A private university in Ghana, the All Nations University based in the Eastern Regional capital, Koforidua has launched a satellite into orbit with a meager $500,000! BBC reports that “The satellite will be used to monitor Ghana’s coastline for mapping…
Use your comparative advantage to lead others in oil/gas, NPA tells Intels
Though the issue is still pending in a competent court of law, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has advised the management of Intels Nigeria Limited, core investors at Onne FTZ, Rivers State to rather than…
Diezani’s Banana Island’s house, funds may go the way of NIA’s Ikoyi billions if…
Former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has up till August 7, 2017, to show up at the Lagos federal High Court to lay claims to listed properties and funds of about $2,740,197.96 and N84,537,840.70, said to be part…
Banks’ refute Customs claims on e-auction sabotage as 17 more join process
…Scheme crawls to N25m sales in 2 weeks from 40 cars, 2,489 bids Contrary to the claims by the Comptroller General of Customs, Col. Hameed Ali (retd), that the non-participation of all commercial banks except Jaiz Bank was a sabotage…
Nigerians seek tailored use of released N243.8bn tranche of Paris Club refund by Govs.
Following the announced release of the second tranche of Paris Club refunds by the Federal Government to the 36 states and the Federal Capital Territory (FCT), Nigerians who had expressed disappointments over abuse of first payment have called on governors…
NNPC mulls inland basin exploration with Neftex solution from Halliburton
The Nigerian National Petroleum Corporation (NNPC) has concluded fresh plans to partner with Halliburton Corporation to deepen search for commercial hydrocarbon in the inland sedimentary basins. The deal stemmed from the success so far recorded by the US group using…
Instead of new ICT Dev. Bank, upgrade NIPOST to do the job—Experts tell Minister
Stakeholders in Nigeria’s Information and Communications Technology (ICT) have advised the Minister of Communications, Barr. Adebayo Shittu to work his talk on transforming the moribund Nigerian Postal Services (NIPOST) to a digitally integrated commercial bank and rest the idea of…
Spectranet raises offering bar, introduces new super fast 4G services on MiFi
Leading 4G LTE data services company, Spectranet has introduces the all new Freedom Mifi laced with 15GB free superfast Internet to raise customers and intending subscribers internet cruising experience in Nigeria. The launch of the product, according to the Head…
