….As broker doubt insurers’ compliance Patience Saghana As the market agreement signed by all insurance companies operating in the country takes effect from today, December 1, 2009, the Nigerian Insurers Association (NIA) is appealing to members to comply with the rule and regulations in the agreement. The appeal by the association came on the heels […]

By Luka Binniyat ABUJA -  Though Nigerian is endow red with at least 34  metal and non-metal minerals, the Federal Government has agreed to concentrate on building an enabling environment for the exploitation of 7 for now, which it tagged “7-strategic” minerals. Speaking to the Press in Abuja, recently the Minister of Mines and Steel […]

INDICATIONS are that that the recent Chinese National Offshore Oil Company (CNOOC) offer of $50 billion for acquisition of six billion barrels of proven crude oil reserves in Nigeria’s onshore and deep offshore portfolios holds all the trappings of an unfolding scam.

The Minister of Mines and Steel Development Mrs. Diezani Alloson-Maduekwe said that speculators and unqualified companies have been holding mining titles to the detriment of the Nigerian Mining sector which she said is on the verge of a renaissance.

After finishing from the College of Medicine Ibadan, in 1999, Dr. Kola Ojo decided to go into mining in 2000 in Jos, Plateau State. Dr Ojo started with a mineral called tantalite, and then progressed into gemstones.

An Italian judge has put back a decision on a prosecutor’s request to bar oil major Eni from doing business with the Nigerian National Petroleum Corporation (NNPC), a lawyer for Eni said today.

ABUJA – The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Mohammed Sanusi Barkindo has reassured Nigerians that the country is on the verge of meeting its gas production target, especially with regards to domestic supply to power the National Integrated Power Projects (NIPP).

FEDERAL Government has moved to diversify its source of power generation in the country to shore up capacity and expand feed stock to the existing power plants in the country.

MR. Abayomi Dawodu is the National Chairman of the coalition of Residence & Business Associations of Nigeria (CRBN). He has led the association to a number of high powered discussions with top functionaries of the Federal government and the National Assembly all in an effort to turn around the current power situation in the country.

The Nigerian National Petroleum Corporation, NNPC has announced an astronomical growth of over 400 percent in local capacity utilisation in the oil and gas industry in less than five years of the introduction of the Nigerian Content Policy.

When early this month news filtered from Ghana, that Oando, a wholly Nigerian oil and gas company had been selected as strategic partner to the Ghana National Petroleum Corporation (GNPC) to develop a $1 billion gas infrastructure and assets for the Jubilee oilfield (Ghana’s biggest oil discovery), the report seem to have validated the strategic intent of Oando’s diversification programme.

African Oil and Energy Insurance Pool have admitted five Nigerian insurance companies and one reinsurer from Tunisia into the pool with a subscription of $200,000.

Nigerian insurance companies have upped the ante of their participation in oil and energy insurance business in Africa with the country’s underwriters leading the top five oil accounts on the continent with a whopping N24.6billion.

Forgiveness and its variants like pardon, amnesty etc are employed in the religious and political arena. They often signify a willingness to forget and never recall a wrong. In religious circles, this attribute is divine in its absolute sense since its stems from a supernatural being to lesser beings or humans.

The Nigeria’s petroleum industry bill has generated a lot of concern from all stakeholders in the industry; from the policy makers, operators, and human right activist to host communities. The Bill according to Nigeria’s senate president has generated more criticism than any other Bill in the senate. It is apparent that Nigerians are concerned with how the bill will ultimately affect the lives of the ordinary man on the streets.