Seplat Energy Offshore Limited has entered into an agreement to acquire the entire share capital of the Nigerian unit of Exxon Mobil Corporation – Mobil Producing Nigeria Unlimited (MPNU). The…
Read More Seplat to acquire Nigerian unit of ExxonMobil
Category: Economy
Critical Road Projects: NUPENG, others suspend planned strike
Chidi Samuel/ Following Thursday’s intervention of the country’s oil giant, NNPC, trade union group, NUPENG, and other affiliate bodies has called off the planned nationwide strike to protest the alleged…
Read More Critical Road Projects: NUPENG, others suspend planned strike
NNPC assures NUPENG, others funds earmarked for 21 critical roads not diverted
Chidi Samuel| The Nigerian National Petroleum Company (NNPC) on Thursday assured stakeholders (NUPENG, NARTO, and PTD) that the funding earmarked for the 21 critical roads across the country will be…
Read More NNPC assures NUPENG, others funds earmarked for 21 critical roads not diverted
Geometric Power takes finally takes over Aba ring-fenced area after protracted legal tussle
The management of Geometric Power has formally acquired the Aba ring-fenced area from Integrated Electricity Limited, a core investor in Enugu Electricity Distribution Company (EEDC), ending a nine-year legal battle…
Read More Geometric Power takes finally takes over Aba ring-fenced area after protracted legal tussle
We are spend 90% of revenue to service debts because borrowed funds were mismanaged – Peter Obi
By our reporter| Borrowing for consumption is one of the major contributors to Nigeria’s economic challenges, a former governor of Anambra State, Peter Obi has said. The former vice presidential…
Read More We are spend 90% of revenue to service debts because borrowed funds were mismanaged – Peter Obi