NIPCO Plc, one of the main players in the downstream sector of the oil and gas industry has observed that zero tolerance to hazards associated with handling of hydrocarbons to both human and material resources remains the hallmarks of its operation since inception.

By Yemie Adeoye THE Federal Government   has announced a loss of about 1,101,488 barrels of oil per day (bopd) during the first quarter of 2009 alone mainly due to the crises in the oil rich Niger-Delta region. Specifically, 474,705 bopd was deferred in January while the month of February witnessed a larger deferment of about […]

FOLLOWING the launch of its gas-powered vehicle in Nigeria, Nipco Plc, one of the major players in the downstream sector of the oil and gas industry has called out to the Federal Government to encourage importation of kits by giving concessions and other benefits to cars running on liquefied petroleum gas, LPG.

By Yemie Adeoye THE nation’s oil   production figure for first quarter 2009 as released by the Department of Petroleum Resources, DPR in Lagos recently has been put at 2,049,418 barrels of oil per day, bopd. The Acting Director of Petroleum Resources, Mr. Billy Agha stated this during the first quarter media briefing of the department […]

THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%.

TOTAL E&P Nigeria Limited has been commended for its laudable sustainable development initiatives. The commendation was made by the Senate Committee on Petroleum (Upstream) when some of its members recently inspected community projects in the company’s operational area in OML 58 in Rivers State. Projects inspected included roads, hospitals, schools, farms, the Egi independent power plant, among others.

In spite of few challenges being experienced in the aviation industry in the recent times, the Nnamdi Azikiwe International Airport, Abuja, has recorded tremendous increases in aircraft and passenger movements in the first half of this year.

Nigeria’s start-up air line, Dana Air, last weekend commenced direct flight operations between Abuja and Enugu.
This comes as the airline announced the opening of a new sales office at the General Aviation Terminal (G.A.T.), Murtala Muhammad Airport, Ikeja, Lagos to make air tickets more accessible for its growing customers.

THE U.S. Securities and Exchange Commission (SEC) would gain power under an Obama administration proposal to ban pay practices at brokerages and investment advisers and prevent individuals from working in the industry.
According to Bloomberg ,

THE newly appointed Chairman of Nigeria Netherlands Chamber of Commerce (NNCC) and Managing Director/ Chief Executive Officer, Fidelity Bank Plc, Mr. Reginald Ihejiahi has promised to boost economic co- operation between Nigeria and Netherlands.

THE African Petroleum Producers   Association (APPA) has formally accepted Sudan as one of its members, even as the country’s membership received the endorsement of Dr. Rilwanu Lukman, Nigeria’s minister of petroleum resources. At an event which took place at the Nigerian National Petroleum Corporation (NNPC) Towers in Abuja, the Minister of Energy and Mining of […]

Federal government Thursday tongue lashed some of the National Technical Working Groups (NTWGs) for the Nigeria Vision 2020 programme over what it described as failure to carry out critical reflective thinking.

Cement Manufacturers Association of Nigeria (CMAN) has denounced calls by some manufactures that there should be outright ban on importation of cement, rather asked that the Federal Government should strictly implement the 2002 backward integration policy in which cement import licences be granted only to importers who show proof of building factories for local cement manufacturing in the country.

Nigeria will host a meeting of the Committee of Ten African Finance Ministers and Central and Regional Bank Governors, the C10, on Tuesday July 14, 2009 in Abuja, to discuss the prevailing global economic and financial crisis, its impact on African economies and possible mitigation measures.

The inability of the five registered market makers by the Securities and Exchange Commission (SEC) to meet the liquidity requirement of the Nigerian Stock Exchange (NSE) has stalled the commencement of their operation in the nation’s stock market.