-Acquires 45% of OML 17 from Shell, Total and ENI -Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil…
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Category: Business
Third Mainland Bridge to be reopened fully February 15 – Fashola
By our reporter| The third mainland bridge will be fully opened to traffic by the 15th of February, Nigeria’s minister of works and housing, Babatunde Fashola said on Thursday. Fashola…
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Elon Musk beats Jeff Bezos to become world’s richest man
Elon Musk, the South Africa-born American CEO of electric car company, Tesla, has become the world’s richest man. Musk overtook Jeff Bezos, Amazon CEO, on Thursday, following a 4.8 percent…
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FG suspends increase in electricity tariffs
Yusuf Bello| The federal government on Thursday directed Nigerian Electricity Regulatory Commission to suspend the planned bi-annual adjustment in electricity tariff until the joint ad-hoc Committee concludes their discussion by…
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NCC: We have no plan for mass disconnection of subscribers over NIN
The Nigerian Communication Commission (NCC) on Wednesday denied that it plans a “mass disconnection of telephone subscribers”. In a statement signed by its spokesperson, Ikechukwu Adinde, the commission described the…
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