By Shakrullah Odunsi Indigenous oil and gas companies’ capacity is set to make a tremendous turnaround as the Nigerian Content Intervention (NCI) Fund has exceeded over $500 million, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has said. Wabote disclosed this at […]
Recent Posts
Seplat Acquires Exxonmobil Equity In OMLs 67, 68, 70, 104 for $1.2billion
By Shakrullah Odunsi Seplat Energy Plc has announced the acquisition of ExxonMobil stakes in assets in Oil Mining Lease(OML) 67, 68,70, and 104 and associated infrastructure for $1.2 billion. Seplat in a statement made available to Borderless News said it has entered into an agreement to acquire the entire share […]
Fuel Scarcity: NNPC Unveils Distribution Details Of 387.5m Litres Of Petrol
By Shakrullah Odunsi Following the withdrawal of methanol-blended petrol imported into the country about a month ago, the Nigerian National Petroleum Company(NNPC) has released details of how it distributed a total of 387.59 million litres of Premium Motor Spirit in one week to bridge the gap. According to NNPC, the […]
NLNG Deputy MD, Sadeeq Mai-Bornu, Ends Tenure, To Hand Over To Olalekan Ogunleye
By Olatunde Dodondawa The Board of Directors of Nigeria LNG Limited (NLNG) has approved the appointment of Mr. Olalekan Olufemi Ogunleye as successor to Engr. Sadeeq Mai-Bornu as Deputy Managing Director of the Company. Engr. Mai-Bornu, appointed by the NLNG Board in April 2016, will return to his parent company, […]
25kg Cocaine Deal: Court Grants NDLEA’s Request To Detain Abba Kyari, 6 Others For 2 Weeks
By Olatunde Dodondawa A Federal High Court sitting in Abuja and presided over by Justice Zainab Dimka Abubakar has granted an application by the National Drug Law Enforcement Agency, NDLEA to detain for two weeks Deputy Commissioner of Police Abba Kyari and six others under investigation for their involvement in […]
NDLEA Intercepts Counterfeit $4.7million Cash In Abuja
…Arrests nursing mum 3 weeks after bail on the same drug offense By Olatunde Dodondawa Operatives of the National Drug Law Enforcement Agency, NDLEA, have foiled attempts by a syndicate to steal at least N2.7 billion from the Nigerian economy by pushing into circulation fake $4.7 million cash. The operatives had […]
Stanbic IBTC Chairman Advocates Adoption Of Clean Energy
By Olatunde Dodondawa Basil-Omiyi, Stanbic IBTC Chairman. Stanbic IBTC Chairman Advocates Adoption Of Clean Energy Organisations have been urged to migrate to cleaner energy sources for their operations because of the capacity to reduce the impact of emissions on the environment. This assertion was made by Basil Omiyi, Chairman, Stanbic […]
US To Become World’s Largest LNG Exporter In 2022
By Shakrullah Odunsi The United States has been tipped to become the world’s largest exporter of Liquefied Natural Gas in 2022. According to Shell’s latest annual LNG Outlook published today(Monday), LNG exports grew in 2021 despite a number of unexpected outages that dented LNG available for delivery. The USA led […]
Eko Disco Moves To Improve Power Supply In Agbara, Lekki, And Educational Institutions In Lagos
…”we currently receive between 400-450MW from the national grid, and this can no longer meet the present demand of our customers” – Otubu By Olatunde Dodondawa The Eko Electricity Distribution Company (EKEDC) has signed an agreement with the Niger Delta Power Holding Company Limited (NDPHC) towards improving electricity supply to Agbara, […]
NDLEA ‘ll Continue To Make Staff Welfare A Priority
By Olatunde Dodondawa The National Drug Law Enforcement Agency, NDLEA, has said it will continue to make the welfare of its officers and men a priority within its available resources. The anti-drug agency stated this to clarify issues raised in some reports alleging complaints by some staff over its last […]