All posts by Ifreke Inyang

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  Bureaucracy, contractors delay N2.39tn Ogidigben gas project

  Delayed paper works by the Federal Government, represented by the Nigerian National Petroleum Corporation, and contractors, among other things, are delaying the commencement of the $15bn (N2.39tn) Ogidigben gas-based industrial park. The Federal Government and the private...

  • Posted August 7, 2013
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  PIB: Governors snub international oil companies

  State governors have turned down moves by the International Oil Companies to prevail on them to influence the National Assembly not to pass the Petroleum Industry Bill. Our correspondents gathered on Sunday that the IOCs had stepped...

  • Posted August 7, 2013
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  FG begins payment of PHCN workers’ severance package

  The Office Accountant General of the Federation (AGF) has commenced the payment of N34.585 billion to 3,938 staff of Power Holding Company of Nigeria (PHCN). The affected workers are those of Generation Companies (GENCO) and the PHCN...

  • Posted August 7, 2013
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  Pan Ocean loses $4.96bn to oil theft

  Pan Ocean Oil Corporation, an indigenous independent oil company said it lost more than $4.96 billion to crude oil theft and pipeline vandalism in its area of operation in four years. Mr. Toni Ezeukwu, General Manager of...

  • Posted August 7, 2013
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  Investors want embankment constructed on River Niger

  The Anambra State Government and investors, in Awka on Monday, renewed calls for the construction of embankment on the River Niger in the state. The call was made at an interactive session organised by the government and the...

  • Posted August 6, 2013
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  Alison-Madueke defends powers conferred on oil minister in PIB

  Minister of Petroleum resources, Diezani Alison-Madueke at the weekend charged members of the National Assembly to pass the Petroleum Industry Bill (PIB) without removing the controversial clause. Stakeholders, including the lawmakers have argued that the enormous powers...

  • Posted August 6, 2013
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  Access Bank to support entrepreneurs in hospitality business

  Access Bank Plc has expressed its preparedness to support operators in the hospitality business in the country. The Managing Director, Access Bank Plc, Mr. Aigboje Aig-Imoukhuede, said at a business growth forum organised by the bank for...

  • Posted August 6, 2013
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  Privatisation: Peterside explains use of ATC & C for bidders

  At the opening of Financial Bids for Kaduna Distribution Company (DISCO) and Afam Generation Company (Genco) which held on July 31, 2013 in Abuja, Northwest Power Ltd had the highest Aggregate Technical Commercial and Collection Loss reduction...

  • Posted August 6, 2013
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  Expert attributes capital market growth to portfolio investors

  A former President of the Chartered Institute of Bankers of Nigeria (CIBN), Mr Okechukwu Unegbu, on Monday, attributed the growth of the capital market to increased activities by portfolio investment. Unegbu said that many portfolio investors were...

  • Posted August 6, 2013
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  Vessel carrying crude burns in Bayelsa

  A barge laden with crude oil caught fire in the coastal area of Agge in Ekeremor council area of Bayelsa State, on Monday. The incident occurred on the Ramos River and was allegedly caused by a spark from...

  • Posted August 6, 2013
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