Business

Nigeria leads Africa investability gains

Nigeria leads Africa investability gains

•Up four places in Bloomberg’s ranking By Yinka Kolawole Nigeria has emerged as the biggest climber among major African economies in Bloomberg Economics’ 2026 Investment Risk-O-Meter, rising four places to eighth position on the back of improved economic and fiscal fundamentals. The latest scorecard released yesterday, which assesses the relative investability of 19 African economies, […]
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Energia/Oando JV, sustaining peace in N-Delta

Energia/Oando JV, sustaining peace in N-Delta

Energia/Oando Joint Venture, Operators of Obodeti Marginal Fields (Oil Mining Leases 56) have taken a giant stride to sustaine peace in troubled oil rich Niger Delta region by empowering the youths of its Host/Impacted communities through formal education and skill acquisition program.

Oando acquires 40% stake in Qua Iboe

Oando acquires 40% stake in Qua Iboe

Oando Exploration and Production Limited, OEPL, a subsidiary of Oando Plc, has acquired 40 per cent participating interest in the Qua Iboe field locted in Oil Mining Lease, OML 13, subject to approval by the regulatory authorities.

Paying more for darkness: How the hike in electricity tariff affects you

Paying more for darkness: How the hike in electricity tariff affects you

Apparently, the new increase in electricity tariff by 11 per cent, from June 1, 2012 by Nigeria Electricity Regulatory Commission (NERC) is unsettling for most consumers in the country. While some Nigerians see the development as a way of compelling people to pay more for darkness, others called on the Commission to provide pre-paid meters for all consumers to avoid discrepancies in the volume of power consumption and amount accruable to government every month.