THE dearth of skilled personnel to man vessels operating in the country has cost the nation about $1.5 billion as wages paid to foreign seafarers, mainly Filipinos, operating in the country.Read More
MOBIL Producing Nigeria (MPN) a subsidiary of Exxonmobil and one of the major upstream operators in the Nigerian oil and gas industry has signed a memorandum of understanding (MOU) with Acergy, an oil serving firm for the revamping of three of its well-heads platforms offshore Nigeria in water depths of about 35 meters.
The contract which is valued at about 190 million dollars is said to also include an option exercisable by MPN for up to five further platforms
INVESTIGATIONS have confirmed that there are no rig operating onshore Nigeria at the moment, while only 20 are operating offshore, underscoring a steep decline compared to same period last year when more rigs were operational.Read More
ATTENDING the offshore technology conference in Houston a couple of weeks ago, I made it a point of duty to participate in all sessions that had anything to do with Nigeria. The experiences were worth every single moment, and besides the truly great liaisons I made, one of the highlights of the trip was the
On October 29, 2008, Dr. Simon Chukwuemeka Okolo MFR, was elected and inaugurated the 48th national president of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA). This made him the leader of the Organized Private Sector (OPS) made up of NACCIMA, MAN and NECA. In this interview he speaks on the need
By UDO IBUOT THE National Association of Telecommunications Subscribers (NATCOMS) has given the Federal Government, two weeks ultimatum to empanel a judicial commission of inquiry to probe the processes of the 2.3 gigahertz (GHZ) spectrum bidding that is the subject of a face off between the minister of information and communication, Prof. Dora Akunyili and
THE bullish run in the Nigerian Stock Exchange (NSE) was halted Wednesday, as profit-taking activities by investors dragged the value of listed equities by N166.5 billion. Particularly, the value of listed equities, represented by the market capitalisation, dipped by 2.37 per cent to close at N6.871 trillion from N7.038 trillion at which it opened.