Local firm attains new feat in oil drilling

Local firm attains new feat in oil drilling

The new record by the indigenous firm has vindicated those making case for local content, who had argued that indigenous contractors could do better than the foreign contractors and reduce capital flight.
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PTDF begins phasing out of Overseas Scholarship Scheme

PTDF begins phasing out of Overseas Scholarship Scheme

ABUJA—The Petroleum Technology Development Fund (PTDF) has announced that it has begun the gradual phasing out of the Masters Degree component of the Overseas Scholarship Scheme (OSS) following domestication of the training programme in reputable institutions in Nigeria beginning from the next academic year starting September 2010.

My priority is better life for women and children, says GBUGU

My priority is better life for women and children, says GBUGU

HER passion is taking care of the less privileged, particularly widows, orphans and indigent children free of charge. But Lady Chinyere Gbugu, Director Good Learning Kiddies School, Lagos and Learning Academy, Isiokweachi, Enugu State is really a woman of many parts.

FG flags off OPEC’s 50th anniversary celebration

FG flags off OPEC’s 50th anniversary celebration

AHEAD of the 50th anniversary celebration of the Organization of the Petroleum Exporting Countries, OPEC, the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has on behalf of the federal government flagged off the in-country celebration of the organization’s Golden Jubilee with the launch of commemorative postage stamps.

Conoil expands retail business, invests N400m

Conoil expands retail business, invests N400m

INDIGENOUS oil marketing company, Conoil Plc, recently opened four ultramodern retail outlets in Minna, Nsukka and Abuja, in line with its long-term retail expansion drive to become the largest retailer in Africa.

UNICEF tasks Nigerian media on reporting epidemics

UNICEF tasks Nigerian media on reporting epidemics

THE Nigerian media have been urged to prioritise the reporting of outbreaks of epidemics with a view to boosting the country’s preparedness in response to both pandemic and epidemics.

Streamlining downstream operations

Streamlining downstream operations

DESPITE the furore over refined products importation in the country, analysts believe the downstream operations in the Nigeria petroleum sector is now better managed, with series of streamlining of operations.

FG to upgrade NTI Bonny, to Federal  Polytechnic of Gas

FG to upgrade NTI Bonny, to Federal Polytechnic of Gas

ABUJA – The Federal Government is exploring the possibility of upgrading the National Technical Institute, Bonny, Rivers State into a full fledged Federal Polytechnic specialising in Gas Technologies, alternative energy technologies, and Environmental Sciences.

Nuclear power: Agency insists on enhanced control

Nuclear power: Agency insists on enhanced control

ABUJA – With the nation’s ambition for nuclear-generated energy, as well as growing demand for radioactive sources in other sectors, the Nigerian Nuclear Regulatory Authority (NNRA) has called for tighter regulatory measures in order to prevent radiological mishaps in and around the country.

PIB to generate 30,000 jobs locally, FG

PIB to generate 30,000 jobs locally, FG

THE Federal government has announced that in view of the planning and strategies put in place to bring about a smooth passage of the Petroleum Industry Bill (PIB), investment inflow afterwards are expected to generate about 30,000 jobs locally even as it laments poor funding of gas infrastructure in the country.

Royal Exchange repositions for emerging opportunities in oil & gas

Royal Exchange repositions for emerging opportunities in oil & gas

Royal Exchange, Nigeria’s premier financial services group has reinforced its preparedness to fully explore all opportunities presented by the Federal Government’s local content policy which seeks to encourage more indigenous participation in the oil and gas sector.

Spring Bank boss attributes high lending rate to cost of transactions

Spring Bank boss attributes high lending rate to cost of transactions

The high lending rate charged by banks operating in the country has been attributed to the high cost of transactions.
Mrs. Sola Ayodele, Managing Director, Spring Bank Plc at the recent 2010 banking review report by Afrinvest Limited said, “the high lending rate charged by banks is as a result of the high cost of transactions. The banks virtually provides all the infrastructure needed to boost its operation at higher cost”.

Bayelsans celebrate 1st Peace Day anniversary

Bayelsans celebrate 1st Peace Day anniversary

Thousands of Bayelsans, weekend, converged at the Peace Park in Yenagoa, the Bayelsa State capital, to celebrate one year anniversary of the voluntary surrender of arms and ammunition by former militants operating in the creeks of the state.

Infrastructure bane of underdevelopment, says Minister

Infrastructure bane of underdevelopment, says Minister

The Minister of National Planning Commission, Dr. Shamsudden Usman, has blamed the problems of the nation’s development on inadequacy of critical infrastructure and high level of youth and graduate unemployment.