All posts by Ifreke Inyang

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  Total launches new oil field off Nigeria

  French oil giant Total on Friday said it would begin work on an oil field off the coast of Nigeria, in a rare expansion by a multi-national, which are increasingly parting with assets in Africa’s biggest crude...

  • Posted June 22, 2013
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  Shell to sell more oil blocks in Nigeria

  Oil giant Shell announced Friday it may sell more of its onshore oil blocks in Nigeria, where theft and sabotage have repeatedly cut into production in Africa’s largest crude producer. The British-Dutch firm, Nigeria’s biggest producer, also...

  • Posted June 21, 2013
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  NCC decries landing of submarine cable in Lagos

  Mr Eugene Juwah, the Executive Vice Chairman of the Nigerian Communications Commission (NCC) has decried the landing of all submarine cable in Lagos. Speaking at the Information and Communications Technology (ICT) Stakeholders Forum on Thursday in Lagos,...

  • Posted June 21, 2013
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  Consumers groan as system collapse worsens power supply

  Electricity consumers have condemned the worsening power situation in the country and blamed the Power Holding Company of Nigeria for gross inefficiency. They lamented that power supply had become poorer in recent times and warned that the...

  • Posted June 21, 2013
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  Foreign direct investment has increased – Aganga

  Minister of Trade and Investment, Dr Olusegun Aganga, said there was significant increase in foreign direct investment in the economy, adding that the petrochemical sub-sector attracted over $20 billion investments with over $8 billion contribution by the...

  • Posted June 21, 2013
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  Oil production drops by 150,000 barrels, as Shell shuts Trans Niger Pipeline

  Nigeria faces a serious credit crunch in the months ahead as crude oil production has dropped further by 150,000 barrels per day due to continuing theft and vandalism of crude pipelines. The Shell Petroleum Development Company of...

  • Posted June 21, 2013
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  FG explains grounding of Kenyan Airline

  THE Federal Airports Authority of Nigeria, FAAN, said, yesterday, that a Kenyan aircraft has been grounded at the Murtala Muhammed International Airport, MMIA, Ikeja, since June 3. The agency said the aircraft violated the country’s security procedures....

  • Posted June 21, 2013
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  Roads: FG needs N600bn to meet Vision 20:2020 goals

  THE Federal Government will need about N600 billion to build 14,000 kilometres of roads annually to meet Vision 20-2020 goals. Minister of Works, Mike Onolememen, made this known in Abuja yesterday, saying Nigerians spent same amount (N600...

  • Posted June 21, 2013
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  AIICO encourages people to buy travel insurance

  AIICO Insurance Plc is offering discounted rate to members of the public on its travel insurance policy this summer season. This is in line with the company’s determination to ensure that Nigerians are adequately protected whenever they travel...

  • Posted June 20, 2013
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  Nigeria not yet at food sufficiency destination – Jonathan

  President Goodluck Jonathan on Wednesday admitted that his administration had yet to reach the desired destination in its quest to eradicate hunger in the country through food sufficiency. He, however, expressed the conviction that the task would...

  • Posted June 20, 2013
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