In most parts of Africa the bride-price or dowry is an exchange of wealth between intermarrying families, often accompanied by payment made by the groom to the bride’s family. In other societies Africa, the dowry is a bit confusing. Dowry in some societies means an amount of money or property given by a bride’s family to her bridegroom or his family when she marries.Read More
In the next four weeks the global international finance system would witness adjustments as the Chinese launch its oil futures contracts in its currency, the Yuan.Read More
The 48th annual World Economic Forum, WEF in Davos-Klosters, the mountainous Alpine resort of Graubünden Canton, eastern Switzerland took place from January 23 to 26,2018. Leaders from all walks of life come together at the beginning of the year to rededicate themselves to improving the state of the world. This year’s programme was on “Creating a Shared Future in a Fractured World.” Many of the participants identified the fractures and were concerned about making the difference.Read More
It may be the hallelujah song for Nigerians if the NNPC gets it act together to rehabilitate the state owned refineries and end the overindulgence in fuel importation in the magical year 2019. It would no longer be in our dreams as some gave up on what this administration inherited three years ago when issues of the four refineries were in abeyance with operators and policy makers not closing ranks on who does what.Read More
The Organisation of the Petroleum Exporting Countries, OPEC and non-OPEC agreed to cut world supply by 1.8 million barrels of oil per day, bopd in November 2016; with the cuts extended to last through 2018. OPEC’s intent was to limit output to 32.5 million bopd to shore up prices. Expectedly many forecasted oil price rallies this year while others are despondent about the alliance and believe that oil price may have a downward slide in 2018. Proponents of a downward price regime believe that the fundamentals favour a reversal.Read More
A new year has come with the crude oil market expectedly teetering along uncertainty and volatility. Many crystal gazers are starring into crystal balls for a pleasant prospect in 2018. Some believe that the fortune tellers’ globe may have been infiltrated and manipulated by two groups of petroleum marketeers. The two groups are relishing in diametrically opposite geopolitical zones to convince global citizens of what to expect in 12 calendar months. Experts say the long-term equilibrium of the market is expected to reflect prices that result in a reasonable supply-demand balance in a price range that would be neither high nor low.Read More
Nigeria’s petrol subsidy is akin to the symbolic poetry in the spirit child Abiku that is a wanderer who dies and returns again and again to plague the people. The groundswell of public opinion has again started in Nigeria on subsidy for imported petroleum products. It has a steady drumbeat of accusations that would never go away because it appears to be resident in a realm that may not be understood. Judging from the trade blames and tirades among the Nigerian National Petroleum Corporation, NNPC as operators, DAPPMAN and MOMAN as marketers it was obvious something was again amiss which Nigerians could not fathom.Read More
Rehabilitating and upgrading our refineries are profitable ventures that engender stable polity. Crude oil sales cannot make us an emerging economy but give us the toga of Third WorldRead More
The Nigerian National Petroleum Corporation (NNPC) has described as very unfortunate a statement credited to the Depot and Petroleum Products Marketers Association (DAPPMA) on the fuel supply situation, especially Premium Motor Spirit (petrol).Read More
No fewer than 42 firms have bided for the rehabilitation of the Nigerian National Petroleum Corporation (NNPC) Information Technology Division (ITD) Centres
The Group General Manager, Information Technology Division of the NNPC, Mr. DanladiInuwa made this disclosure during the bid opening at the NNPC Towers in Abuja .
Represented by the General Manager, Core IT Infrastructure of the Corporation, Mr. MuhammaduUsman, Mr. Inuwa said the eventual winners would rehabilitate the Corporation’s IT Centers in Abuja, Benin, Port Harcourt, Lagos, Kaduna and Warri.
Mr. Inuwa stated that the NNPC was desirous of engaging reputable and competent IT firms that could rehabilitate its critical assets in order to provide a conducive IT working condition for its various stakeholders and members of staff to ensure unimpeded operations and efficient service delivery.
The GGM noted that the bid opening was conducted openly in the full glare of representatives of the bidding companies to demonstrate NNPC’s commitment to transparency and due process in all its operations.
Speaking in similar vein, the Group General Manager, Supply Chain Management, Mr. ShehuLiman, represented by Manager, Strategic Sourcing and Contract Management, Engr. Sandy Heman, said the bid opening process was in compliance with the Bureau of Public Procurement Act.
He assured the bidders of a level playing ground that would guarantee the emergence of the best companies among them.
Some of the bidding companies who witnessed the public bid opening expressed their satisfaction with the conduct of the exercise, describing the corporation as a transparent company that operates according to the dictates of best global standards. The public bid opening is part of the Corporation’s commitment to transparency as a Focused, Accountable, Competitive and Transparent organization, conducting its business with Integrity (FACTI) principle.