THE Director-General of the Nigerian Stock Exchange, Professor Ndi Okereke-Onyiuke, has alleged that the tools applied by international rating agencies to rank exchanges were to the disadvantage of the local stock exchange. Okereke-Onyiuke who was speaking recently during the Capital Market day at this year’s convention of the Association of Nigerian Physicians in the Americas (ANPA), in Abuja , said the Nigerian stock market has been recovering at a very fast rate compared to other markets globally.

THE Federal government has announced that expenses on Low Pour Fuel Oil (LPFO) to run the Egbin thermal station due to a shortage in gas supply has gotten as high as N1.8 billion naira per month, even as it has commenced plans to develop coal power plants near large coal deposits in the country.

BANNER Energy, a wholly owned indigenous company with operations in the gas sector has commenced moves to roll out about 1000 Liquefied Petroleum Gas (LPG) retail plants throughout the country.

By John Owubokiri
THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%.

Ladies and gentlemen, is it not an incongruity to the property belonging to people [...]

TOTAL E&P Nigeria Limited has been commended for its laudable sustainable development initiatives. The commendation was made by the Senate Committee on Petroleum (Upstream) when some of its members recently inspected community projects in the company’s operational area in OML 58 in Rivers State. Projects inspected included roads, hospitals, schools, farms, the Egi independent power plant, among others.

FOR two years the price of oil has been dangerously volatile, seemingly defying the accepted rules of economics. First it rose by more than $80 a barrel, then fell rapidly by more than $100 before doubling to its current level of around $70. In that time, however, there has been no serious interruption of supply.

BERACHA lubrications limited, a wholly owned indigenous oil trading and logistics company, with operations in the oil and maritime sectors has commenced plans to boost its operations with about 50 million US dollars withing the next six months.

FORMER Deputy speaker of the National Assembly, Hon. Chibudom Nwuche has advised the Federal government to revisit the Petroleum Industry Bill [PIB] and ensure the inclusion of an equitable sharing formula of revenue between oil producing local governments areas, state and Federal government for a lasting peace in the Niger Delta area of the country.

By Elohor okagbare
WITH a declared profit of about N1.837 billion recorded in the year 2008, NIPCO Plc, one of the major players in the downstream sector of the nations economy has announced that it also dispensed 1.2 billion litres of petroleum products representing 100 percent of its installed capacity.

This was the position [...]

STANDARD Chartered Bank has won the African Business Award for Best Corporate Citizenship and Social Responsibility- organised by African Business magazine and the Commonwealth Business Council (CBC).

Chief Executive of Oceanic Bank International Plc, Dr. (Mrs.) Cecilia Ibru has called on stakeholders in the Nigeria project to join hands together towards building a stronger Nigeria.