Business

Guinness declares N265bn revenue, PAT up 53% to N25.3bn

By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
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First Lufthansa commercial biofuel flight takes off

Lufthansa became the first airline to use biofuels on regular commercial flights on Friday in a six month trial that it estimates will reduce CO2 emissions by up to 1,500 tonnes during the period.

DPR stresses importance of operatizonal safety

The Department of Petroleum Resources, DPR, the regulator of oil and gas industry operations has reiterated the importance of safe activities, as this will bring about excellent economic performance; Environmental protection; and Well-being of the society.

CSR: Techno Oil to partner NICO on culture revival

Techno Oil Plc, an indigenous oil and gas marketing company has expressed a desire to partner with the Nigerian Institute for Cultural Orientation, NICO, to resuscitate Nigeria’s cultural heritage.

Structure, not money is bane of power – Nnaji

Professor Bartholomew Nnaji, Chairman Presidential Committee on Power at the Security and Exchange Commission session on Power in Abuja recently updated the SEC on the power reform process.

Germany to grow involvement in Nigerian LNG – Merkel

Germany will increase its involvement in Nigeria’s liquefied natural gas, LNG industry, Chancellor Angela Merkel said last week Thursday, as Africa’s most populous nation looks to take advantage of its vast gas reserves.

Nestle’s bid for Chinese confectioner under review

The bid by Nestle, the world’s largest food company, to gain a 60 percent stake in Chinese confectioner and snacks maker Hsu Fu Chi International, is under review by the Ministry of Commerce, a ministry spokesman said on Friday.

ERHC awarded Chad oil exploration blocks

ERHC Energy Inc. today announced that the government of the Republic of Chad has formally awarded the company three oil blocks for exploration and development.

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