Business Hilights

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Senator Solomon Adeola

Senate loses confidence in agencies, orders ‘Value for Money Audit’ on Egina FPSO

After the settling down of festivities heralding the arrival of Egina Floating Production Storage Offloading (FPSO) platform from South Korea several weeks ago, the Senate Ad hoc Committee on Investigation of Local Content Element on Egina Oil Field and other…

Egina FPSO 22
ICT

Can Samsung survive market competition with Tecno, deportation threat on MD?

There are strong indications that this season may not be the best for leading Korean digital device manufacturing giant, Samsung Corporation in Nigeria. This is based on two factors. First; in the last few years, new entrant to Nigeria’s smart…

Two issues Total Upstream must address as Egina FPSO arrives LADOL facility

Just as excitements grow for the successful arrival of the $16bn Egina Floating Production, Storage and Offloading (FPSO) vessel, industry analysts have started looking at critical challenges that may frustrate the concluding fittings of the facility at Samsung Yard (SHI-MCI…

Total Upstream denies claims of bribing Senators on petition hearing

Worried by trending news report that it offered a bribe to scuttle the petition brought against it for allegedly flouting the Nigerian Oil and Gas Industry Content Development Act, Total Upstream Nigeria Limited, has denied the allegation. Business Hilights recalls…