News

PENGASSAN to promote gender equality in oil, gas sector

Ihesiulo Grace 10 March 2018 0

PENGASSAN will continue to reiterate our commitment to the adoption and implementation of policies that promote gender equality in the oil and gas industry, our union and Nigeria as a whole. To this end, we will continue to support programmes that improve not only our members’ welfare, but also

Headlines News

FG’ll use extra income from rising oil prices on infrastructures -Buhari

Ihesiulo Grace 27 January 2018 0

President Muhammadu Buhari has disclosed that the Federal Government will judiciously use the extra income from the rising crude oil sales infrastructures and in the interest of the country. According to the President, “Income accruing to the country from rising oil prices in the international market will be spent on infrastructural development”. A statement by

Headlines News

Opec exit strategy, electric vehicles to set energy tone for 2018

Ihesiulo Grace 29 December 2017 0

Oil markets can see light at the end of the tunnel in 2018. A year of production cuts by the Organisation of Petroleum Exporting Countries, OPEC, and its allies has reduced global stockpiles and revived prices. A barrel of Brent crude is now worth almost a fifth more in value than it was 12 months […]

Business News

NNPC/Agip JV to increase power generation by 480MW

Ihesiulo Grace 7 November 2017 0

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Agip Oil Company (NAOC) Joint Venture is set to boost the Federal Government power generation aspiration by 480 megawatts (MW) through the completion of its Okpai Phase II Independent Power Project (IPP) by 2019. This was disclosed in Abuja on Thursday during the inauguration of the […]

News

NNPC to begin oil exploration in Nasarawa State

Ihesiulo Grace 27 October 2017 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, on Thursday announced that oil search would soon begin in the nation’s inland basins. Baru made the revelation in a statement by Mr Ndu Ughamadu, NNPC Group Public Affairs Manager, in Abuja. He said the exercise was in fulfillment of the […]

Health News

NAFDAC impounds fake Eva soap, vegetable oil in Onitsha

Ihesiulo Grace 26 October 2017 0

Angela Onwuzoo As part of efforts to sanitise markets in Nigeria of fake drugs and other regulated products, the National Agency for Food and Drug Administration and Control (NAFDAC), has impounded fake and adulterated products worth over N20m at the Relief and Police Officers Wives Association (POWA) Markets, all in Onitsha, the business hub of […]

News

Awosika: ‘The Era of oil is long gone’

Ihesiulo Grace 22 October 2017 0

The Chairman Board of Directors, First Bank Plc, Mrs Ibunkun Awosika, has urged the Federal Government to diversify its economic resource into agriculture. Awosika, who was the Guest Lecturer at the Agricultural and Rural Management Institute (ARMTI), made the call on Saturday in Ilorin at the 20th Annual lecture of the Institute. Her paper presentation […]

Headlines

Nigerian Senate to stop $380bn capital flight in oil, gas sector

Ihesiulo Grace 26 September 2017 0

Senate President Bukola Saraki Monday drew attention to huge capital flight in the oil and gas sector and described the situation as worrisome. Saraki said the Senate was determined to halt the huge sum of $380 billion the country had lost in the last 50 years in the nation’s oil and gas sector. Saraki, who […]

News Nigeria Oil & Gas

NNPC begins search for oil in Sokoto

Ihesiulo Grace 20 September 2017 0

The Nigeria National Petroleum Cooperation (NNPC) has said that it has started the process leading to the exploration of oil and gas in the Sokoto basin. Group Managing Director, Maikanti Kachalla Baru, said this when he received the Governor of Sokoto State, Aminu Waziri Tambuwal, who paid him a visit at the NNPC Towers in […]

Politics

Mimiko neglected agriculture potentials of Ondo state for oil money – Akeredolu

Ihesiulo Grace 15 November 2016 0

The candidate of the All Progressive Congress (APC) for November 26th governorship election in Ondo State, Mr Oluwarotimi Akeredolu has taken a swipe at the outgoing governor of the state, Dr. Olusegun Mimiko over what he described as “reckless neglect of agriculture especially cocoa to focus on oil boom.” Speaking at Idanre when his campaign […]

Business Headlines News Oil & Gas

Supreme Court Stops Sale of Oil Blocks

Ihesiulo Grace 19 May 2015 0

A legal halt was on Monday ordered to the planned sale of three oil blocks by the Supreme Court, a day the country learnt of a fresh huge crude find. A five-man panel of the Supreme Court ordered that the status quo ante bellum be maintained in plans by Chevron Nigeria Limited to sell Oil […]

Headlines News

NNPC to Renew Oil Search in Chad Basin

Ihesiulo Grace 5 May 2015 0

The Nigerian National Petroleum Corporation (NNPC) is set to resume its search for crude oil in the Chad Basin, its spokesman Ohi Alegbe disclosed on Monday. The development is in line with a recent declaration by the President-elect, Major General Muhammadu Buhari. Previous search for oil in the area had drawn blank. On Monday, the […]

Features

The Skill and Ability of Nnewi People Are in Our Blood – Igwe Orizu

Ihesiulo Grace 1 May 2015 0

GBUBEMI GOD’S COVENANT SNR visited the home of foundries recently and reports a skill inherent in the ancestry of Nnewi indigenes. As one enters Nnewi from Nnobi town you will not need any introduction to know this is the home of metal fabricators and skilled technical craftsmen; from welders, aluminium technicians, refrigeration repair shops, bolts […]

Tech

 Implications of Section 8 of NITDA Act 2007

Ihesiulo Grace 28 April 2015 0

In recent times attention has been put on the ICT sector as a key foreign exchange earner for Nigeria and major contributor to the nation’s GDP. In fact ICT is now looked upon as a possible replacement for oil.  In other words, the attention on ICT is now similar to that placed on oil and […]

News

Buhari: Oil Companies Returns to Nigeria – Arthur Eze

Ihesiulo Grace 28 April 2015 0

A business mogul, Prince Arthur Eze, has said that the recent victory of General Muhammadu Buhari, at the presidential election has given more confidence to many oil companies to return to the country. Eze, who is also an oil magnet, revealed that all of them, in the oil industry, would support the Buhari administration, “because […]

Business Oil & Gas

 Uganda Uncertain of 2018 Oil Target

Ihesiulo Grace 28 April 2015 0

The Central Bank of Uganda said it remains uncertain whether the country will be able to produce its first commercial oil by 2018 as previously forecast due to a slump in global prices as well as the higher costs of developing its waxy reserves. The Bank was quoted in a report seen by Platts that […]

News

Shell Blames Vandals for Bayelsa Oil Spill  

Ihesiulo Grace 22 April 2015 0

Shell Petroleum Development Company, (SPDC) has alleged sabotage as the cause for the Kolo Creek oil spill in Bayelsa State. The leak discharged an unquantified volume of Shell’s crude into the environment on April 15, 2015. In a statement on Tuesday by Shell spokesperson, Joseph Obari, the company said the report of the Joint Investigation […]

News World

China, Pakistan Discuss Regional Security

Ihesiulo Grace 22 April 2015 0

Pakistan sought to alleviate China’s concerns on terrorism as President Xi Jinping wrapped up his two-day trip to the South Asian country. While the two countries focused on China’s projected $46 billion of investment and loans to develop an economic corridor through Pakistan, terrorism and militancy also featured heavily in their discussions. Addressing the

Headlines News

Buhari to Resume Oil Search in Chad Basin

Ihesiulo Grace 21 April 2015 0

  In line with his resolve to boost the socio-economic fortunes of the country, the President-elect, General Mu­hammadu Buhari, (retired) has declared his intention to resume oil exploration in the Chad Basin. General Buhari, who spoke on Sunday, added that his in­coming administration would also focus on bringing stabil­ity to the North East. Buhari spoke […]

News

Why Buhari Cannot Ignore the S’South – Uduaghan

Ihesiulo Grace 16 April 2015 0

Governor of Delta State, Dr. Emmanuel Uduaghan, has said that Nigeria’s President-elect, General Muhammadu Buhari, cannot afford to ignore the South South region. Uduaghan, who spoke in Warri, on Wednesday, noted that the region remained important in the country “because the oil revenue from the area is sustaining the country”. He noted the fact that […]