Dangote to launch own shipping fleet to boost maritime operation
By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]
Adeleke reacts on recent move by CBN to sell banks
Mr. Adebayo Adeleke, General Secretary, Independent Shareholders Association of Nigeria (ISAN) has reacted on the plan by the Central Bank of Nigeria (CBN) to sell the five banks whose managing directors were sacked for alleged misuse of shareholders funds, saying it is illegal and unconstitutional.
Tripple Gee records 41% growth in PAT
Tripple Gee and Company Plc has announced a significant improvement in its bottom line, as its Profit after tax rose by 41.32 per cent in its 2009 financial year.
Total targeted in Gabon riot
FRENCH giant Total and US oil services player Schlumberger’s facilities in Gabon were reportedly targeted in a riot sparked by the announcement of the results of the country’s presidential election.
Africa requires 75m MT of petroleum products annually-OTL
THE total annual demand for clean products in Africa has been put at about 75 million metric tonnes with Nigeria accounting for almost a third, even as significant infrastructure requirements challenge the continent’s downstream operations, including refining, local shipping, storage, pipelines and haulage.
Ajubo gets mention in International Who’s Who
ATAMUNO Ajubo Atamunolowuari, the managing director and founder of Midis Energy Services Limited, a leading service provider in the upstream sector of the Nigerian oil and gas industry has been listed in the 2009 edition of the International Who’s Who Historical Society of professionals.
