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Industry E&P spending to reach record $678bn in 2013

Industry E&P spending to reach record $678bn in 2013

Oil and gas companies will spend a record $678 billion on exploration and production, E&P, this year, 10 percent more than last year, Barclays said in a report this week, but did not say how much of this spend will come to Africa.

NCS, Heritage Bank partner on revenue generation

NCS, Heritage Bank partner on revenue generation

By PETER EGWUATU In a move to further strengthen its revenue generation drive,the Nigerian Customs Service (NCS) has appointed Heritage Bank as a designated Customs Duty Collecting Bank. This is sequel to a signed agreement between the Nigeria Customs Service and management of Heritage Bank in Abuja. With its recent successful deployment of the Finnacle […]

All-new Mercedes Benz A, B, C, E class at glance

All-new Mercedes Benz A, B, C, E class at glance

Over the weekend, another two outstanding Mercedees Benz models, the A-Class and the E-Class debuted in an open-door showcasing at Weststar Associates Ltd premises at Lekki, Lagos alongside the remarkable B-Class and C-Class. Visitors were afforded the opportunity to get up-close and personal with the products on display as a test-drive experience was the highlight of the day.

Community flays oil firms over Content Act

Community flays oil firms over Content Act

WORRIED by continuous flouting of the Nigerian Content Act by oil companies operating in their community, the people of Iwhrekan in Ughelli South Local Government area of Delta State have tasked both the state and federal government to intervene, as they vow to fight the perceived injustice by all means possible.