Tullow to acquire EO’s $305bn interest in Ghana

Tullow Oil, operator of the Ghanaian’s jubilee field has entered into a conditional agreement to acquire the interests of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cash consideration of $305 million.
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Standard Chartered opens onshore chinese acct for Portland Steel

Standard Chartered, the international bank with a unique footprint across Africa, Asia and the Middle East, has opened their first onshore ‘RMB’ (Renminbi/Chinese Yuan) trading account in Africa for leading South African metals trader, Portland Steel.

Senate Presidency: Is Goje a spoiler?

GIVEN the near unanimous clamour for Senator David Mark to continue in office as Senate President, the recent amendment of the Senate standing rules to specifically debar all but two Senators from next week’s leadership contest has stirred emotions.

Wife Flies Plane After Husband Blacks Out

A woman with no flight experience flew a small plane over Colorado for 40 minutes after her husband blacked out at the controls, the Federal Aviation Administration said.

Petroleum Sector: Diezani’s oily touch

THE Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke can beat her chest with pride for some of the radical initiatives that have swept through the industry over the past one year, but this joy may be tempered by the spectre of the enormous challenges that the industry is battling to overcome.

Union Bank boss makes case for SME

As the nation searches for how to boost its economic growth and job creation, the Group Managing Director/Chief Executive of Union Bank of Nigeria Plc

… As Ohunayo faults FG’s bailout funds

Former President of the National Cabin Crew Association of Nigeria (NCCAN), Mr. Olumide Ohunayo has faulted the bailout funds that the federal government has given to airline operators to upset their debts in the aviation industry.

FG working toward transforming MAN, Oron to a university

Federal Government is making efforts at repositioning the Maritime Academy of Nigeria (MAN) Oron, Akwa Ibom state, to become the nation’s premier maritime university, Minister of Transport, Alhaji Yusuf Suleiman, has said.

What power does Clark exert on Jonathan?

IF there is any single Nigerian that is believed, far and wide, to have a big influence on President Goodluck Jonathan, the person is the former Federal Commissioner for Information and national leader of the Ijaw ethnic nationality, Chief Edwin Kiagbodo Clark.

Pipeline Vandalism: 12,000 youths clinch protection jobs

In a bid to combat the rising rate of pipeline vandalism in the country, the Federal Government has employed the services of about 12,000 youths from various communities in the Niger Delta that cut across the pipelines right of way.

MSMEs urge to tap in Diamond Bank’s lending scheme

Operators of Micro, Small and Medium Enterprises (MSMEs) segment of the nation’s economy have been advised to tap into the enormous opportunities available in Diamond Bank to help grow their businesses.

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