Exxonmobil signs $190 million MoU with Acergy
MOBIL Producing Nigeria (MPN) a subsidiary of Exxonmobil and one of the major upstream operators in the Nigerian oil and gas industry has signed a memorandum of understanding (MOU) with Acergy, an oil serving firm for the revamping of three of its well-heads platforms offshore Nigeria in water depths of about 35 meters.
The contract which is valued at about 190 million dollars is said to also include an option exercisable by MPN for up to five further platforms
The plots and scandals of the Senate since 1999
THE last ten years of uninterrupted civilian rule have seen the longest stretch of participatory democracy in the country. During this period the country also witnessed what some now regard as the longest running political comedy in the nation’s history.
Attributes of democracy still lacking in Nigeria – Idika Kalu
Dr. Kalu Idika Kalu, World Bank economist, was, at various times, Minister of Finance; Transport and National Planning. The chairman of BGL Plc is also a member of the National Think Tank. Kalu was a presidential aspirant on the platform of the National Democratic Party (NDP). In this interview, he bares his mind on Nigeria’s democratic journey so far and other contemporary issues.
No Kidding, No Napping
By Ikeddy Isiguzo, Chairman, Editorial Board IF kidnapping for any reason is split into two words, it would become – kid napping – a child relaxing, or simply sleeping. Kidnapping has nothing to do with napping, except that most people are caught napping, yes, unready for the millions of Naira they are asked to shell […]
Petroleum industry bill: Let’s get on with it
ATTENDING the offshore technology conference in Houston a couple of weeks ago, I made it a point of duty to participate in all sessions that had anything to do with Nigeria. The experiences were worth every single moment, and besides the truly great liaisons I made, one of the highlights of the trip was the […]
Nigeria’s Industrial sector is collapsing – Okolo
On October 29, 2008, Dr. Simon Chukwuemeka Okolo MFR, was elected and inaugurated the 48th national president of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA). This made him the leader of the Organized Private Sector (OPS) made up of NACCIMA, MAN and NECA. In this interview he speaks on the need […]
Govt gets ultimatum over NCC’s telecom spectrum bidding
By UDO IBUOT THE National Association of Telecommunications Subscribers (NATCOMS) has given the Federal Government, two weeks ultimatum to empanel a judicial commission of inquiry to probe the processes of the 2.3 gigahertz (GHZ) spectrum bidding that is the subject of a face off between the minister of information and communication, Prof. Dora Akunyili and […]
Eagles’ chances depend on Amodu – Onigbinde
As the Super Eagles lock horns with the Harambee Stars of Kenya in the second round of the 2010 World Cup qualifier tomorrow in Abuja, former Super Eagles manager Chief Adegboye Onigbinde believes Nigeria has the players to deliver against the Kenyans.
Profit-taking halts bullish run, share value dips by N167bn
THE bullish run in the Nigerian Stock Exchange (NSE) was halted Wednesday, as profit-taking activities by investors dragged the value of listed equities by N166.5 billion. Particularly, the value of listed equities, represented by the market capitalisation, dipped by 2.37 per cent to close at N6.871 trillion from N7.038 trillion at which it opened.
For peace, Bayelsa pays militants
Unknown to many, Bayelsa State tops the Niger Delta States in having the highest number of militant camps in the region. There are no fewer than 12 militants camps there, with Southern Ijaw council area having the largest concentration of militant bases.
419: EFCC docks Yar’ Adua’s “wife”
ABUJA—An Abuja high court sitting at Gudu yesterday issued an order remanding alleged wife to the late Chief of Staff Headquarters, General Shehu Musa Yar’Adua, Asabe in Suleja prisons over alleged attempt to dupe the Comptroller General of Prisons.
