The scarcity of aviation fuel also called JET AI which started penultimate week has persisted causing airlines to cancel, delay or reschedule their flights. The scarcity and high price of the product has been a source of concern to airlines and the Nig...
Activities on the floor of the Nigerian Stock Exchange(NSE) continued on the green trajectory, following price gains recorded by major blue chip companies causing market capitalisation to inch up further by N45billion. Specifically, at the&...
The activities of oil pipeline vandals pose potent threat to the successful operation of both the upstream and downstream sectors of the oil and gas industry, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Austen...
The Federal Government has received a $508.59 million World Bank grant for the control of erosion in worst hit areas across the country. The grant financing LEADERSHIP gathered, would be used to address the problem of gully erosion particularly in Edo,...
MTN Nigeria is set to improve its quality of services (QoS) with $1.4 billion (about N2.17 billion) investment for 2012 as it moves to address the increasing upsurge on data service segment due to use of smart phones and dongles for internet browsing w...
Mr David Ige, Executive Director (Gas and Power) at the Nigerian National Petroleum Corporation (NNPC), on Thursday reiterated the country's resolve to reduce gas flaring in the next two years. He said this at theAnnual Oloibiri Lecture Series of t...
The naira moved between gains and losses against the dollar. The currency of Africa’s largest oil producer depreciated less than 0.1 percent to 157.3975 per dollar as of 2:41 p.m. on the interbank market in Lagos, the commercial capital. The nair...
Mr Augustine Nwokocha, the Rivers Commissioner of Information and Communication, on Wednesday said that the state Independent Power Generation Initiative would increase power generation to 720 mega watts by 2013. He disclosed this in a statement made a...
The Central Bank of Nigeria (CBN) on Wednesday waived the daily cash withdrawal limit of N1 million for some customers of Primary Mortgage Institutions (PMIs) and Microfinance Banks (MFBs). A circular by Mr Giaus Emokpae, Assistant Director...
Chrome Group, one of the major players in the oil and gas sector in Nigeria, has acquired new anchor vessels for onshore-offshore and deep water oil and gas services. The vessels were acquired through one of its subsidiaries, Kaztec Engineering Limited...
As part of measures to ensure complete transparency and effectiveness in the operations and management of the nation’s downstream oil and gas sector, the Petroleum Products Pricing Regulation Agency (PPPRA) and the Department of Petroleum Resourc...
The Department of Petroleum Resources (DPR) has said Nigeria will not attain zero gas flaring but would in the nearest future reduce the volume of gas being flared, particularly when the necessary legislative framework is put in place. According ...
The Satellite Depot under the Western Zone of Independent Petroleum Marketers Association of Nigeria (IPMAN) in Lagos has commenced sales of kerosene at N50 per litre in their filling stations to Lagos residents. LEADERSHIP checks on the sales of the p...
Guaranty Trust Bank Plc, has again raised the bar in internet banking with an upgrade of its internet banking platform. According to the bank’s Managing Director, Mr. Segun Agbaje, the recent upgrade will enable customers use the GTBank internet ...
The federal government has said that the extension of the PHCN privatisation process to October this year was necessitated by the need to ensure transparency and thoroughness in the bids submitted so far. The Minister of State for Power, Mr Dariu...