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UBA, others in ExxonMobil/NNPC $265m upstream financing

UBA, others in ExxonMobil/NNPC $265m upstream financing

In a historic milestone in oil and gas financing in Nigeria, the United Bank for Africa Plc (UBA) is leading a consortium of Nigerian banks including Oceanic Bank, Standard Chartered Bank, Skye Bank, Zenith Bank, Bank PHB, Access Bank and Union Bank Plc in a $265 million supplementary refinancing deal for ExxonMobil and the Nigerian […]

Govs accuse predecessors of interference

Govs accuse predecessors of interference

…backs FG’s action on N-Delta By Henry Umoru ABUJA—THE thirty-six state governors under the aegis of Nigeria Governors’ Forum have accused their predecessors of meddlesomeness and interference in their activities, just as they stressed that they should emulate former President Olusegun Obasanjo who was not distracting his successor, Umaru Yar’Adua. According to a source at […]

General Oluleye’s legacy

General Oluleye’s legacy

After the first wave of the mass purge, Obasanjo sent out a memo on October 14, 1975 ordering the compilation of more names of Public Servants to be retired. Oluleye as Minister of Establishment picked up courage to confront his bosses and in the process put his career on line and his life in danger.

N-Delta crisis: Oli production has dropped to 80,000 barrels — Minister

N-Delta crisis: Oli production has dropped to 80,000 barrels — Minister

By Kingsley Omonobi ABUJA—Minister of State for Defence, Chief Demola Seriki yesterday sounded the alarm bells to the visiting Director, International Policy and Planning of the British Ministry of Defence, Mrs. Theresa Jones when he said that Nigeria’s crude oil production per day has reduced from 2million barrels, to 800, 000 as a result of […]