All posts by Ifreke Inyang

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  New oil site found in Nigeria offshore

  Optimum Petroleum Development Limited and its partner Afren Nigeria have announced that the high impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on the results of...

  • Posted June 27, 2013
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  International agencies invest N187bn in Nigeria’s energy

  NIgeria’s development partners have invested about N187.44 billion ($1.17 billion) in the country’s energy sector as at December 2012, under the Country Assistance Framework, CAF. The partners, according to the CAF draft document for May 2013, are...

  • Posted June 27, 2013
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  Why we detained NLNG vessels – NIMASA

  The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it detained the three vessels belonging to the Nigerian Liquefied Natural Gas (NLNG) due to its failure to pay levies due to and its lack of...

  • Posted June 27, 2013
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  Samsung wins $3b FPSO order in Nigeria

  Samsung Heavy Industries Company Limited said its unit, Samsung Heavy Industries Nigeria, won a $3 billion order from an unnamed major oil company to build a floating production, storage and offloading vessel. Of the $3 billion order,...

  • Posted June 26, 2013
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  Oando’s profit up 530% as NSE Index slips

  Integrated energy giant- Oando, on Monday presented its audited result for the full year ended December 31, 2012, revealing that profit after tax grew from N1.712 billion in the corresponding period of 2011 to N10.786 billion; representing...

  • Posted June 26, 2013
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  Foreign Affairs Ministry Spends N1.6bn on ICT Project

  The Ministry of  Foreign Affairs has spent N1.6 billion on an ICT project to provide a secured and effective real-time multi-media communications for missions abroad and the headquarters, an official said. The Minister of Foreign Affairs, Dr...

  • Posted June 26, 2013
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  CBN moves against currency counterfeiting

  The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has said the bank will intensify its fight against currency counterfeiting because the malady, if not addressed, can undermine the integrity of the nation’s economy and...

  • Posted June 26, 2013
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  FRSC introduces e-ticketing for traffic offence

  The Federal Road Safety Commission (FRSC) in partnership with the United Bank for Africa (UBA), on Tuesday, inaugurated e-ticketing to facilitate easy booking of motorists for road traffic offences. Speaking at the inauguration, Mr Osita Chidoka, the...

  • Posted June 26, 2013
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  NIMASA detains three NLNG ships over levies

  Nigerian Maritime Administration and Safety Agency has issued a ship detention order to the Nigeria Liquefied Natural Gas Limited, NLNG, halting gas exports and detaining three of its vessels. According to a statement by Kudo Eresia-Eke, spokesperson...

  • Posted June 26, 2013
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  FG registers 10million farmers in 2013

  The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, said on  Tuesday that not less than 10 million farmers had been registered in 2013 under the Growth Enhancement Support scheme (GES). Speaking during a courtesy visit...

  • Posted June 26, 2013
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