NNPC & Schlumberger Collaborate On Hydrocarbon Exploration In Chad Basin

NNPC, Schlumberger collaborate on frontier exploration

World’s (French owned) largest oilfield services and equipment company teams up with Nigerian national oil giant on frontier hydrocarbon deposits search in the Chad basin.

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NNPC & Schlumberger Collaborate On Hydrocarbon Exploration In Chad Basin

Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

naira-dollar-1

FOREX: $1 Goes For N500

Efforts To Save The Naira Have Crumbled – IMF

Abuja & Lagos (New Telegraph) – The naira fell close to N500 against the dollar on the parallel market due to dollar shortages yesterday as Bureaux De Change (BDC) operators set their quotes for dollar purchases at N399/$ for next week, traders said . . .

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Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria

Oil . PH Refinery

NNPC targets fuel import cut

Abuja (Daily Times) — The Nigerian National Petroleum Corporation (NNPC) has commenced moves to reduce fuel import by boosting the capacity utilization of the refineries to 60 per cent by the end of 2017 . . .

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NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria

Trump Nominee Tillerson & ExxonMobil Reach Agreement to Comply with Conflict of Interest Requirements

ExxonMobil, Tillerson Reach Agreement to Comply with Conflict of Interest Requirements

Irving, Texas U.S. (ThisDay) – ExxonMobil Corporation, represented by its board of directors, has reached an agreement with a former chairman and chief executive officer of the company, Rex W. Tillerson, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as US Secretary of State . . .

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Trump Nominee Tillerson & ExxonMobil Reach Agreement to Comply with Conflict of Interest Requirements

Nigerian Capital Market: SEC Summons 6 Directors Over Complaints On N300m Investors’ Funds

sec-securities-exchange-commission

SEC summons six directors over complaints on N300m investors’ funds

Lagos (Vanguard) — THE Securities and Exchange Commission, SEC, yesterday, directed six directors of Transglobe Investment & Finance Company Limited to appear before it for an alleged unresolved complaints by investors worth more than N300 million against the company . . .

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Nigerian Capital Market: SEC Summons 6 Directors Over Complaints On N300m Investors’ Funds

Power Supply In Nigeria Stabilizes As TCM Generates 3,959 Megawatts

power-electricity

Power generation hits almost 4,000 megawatts

(SO) Website (NAN) – Transmission Company of Nigeria (TCN) on Wednesday wheeled out about 3,959 megawatts of generated electricity to the 11 distribution companies as the country’s power supply gradually stabilized . . .

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Power Supply In Nigeria Stabilizes As TCM Generates 3,959 Megawatts

Roaming Policy May Stagnate Telecom Growth In Nigeria

Roaming policy may stall telecoms’ growth

Abuja (New Telegraph) — Plans by the Nigerian Communications Commission to implement national roaming service this year may stagnate further growth of the $68 billion investment already recorded in the nation’s telecommunications sector, New Telegraph has gathered . . .

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Roaming Policy May Stagnate Telecom Growth In Nigeria

OPEC Deal To Cut Oil Production Raises Hopes Of Drain On Global Supply Glut

Crude oil price . Rising

Oil Prices Hit 18-month High as Markets Eye Production Cuts

OPEC (ThisDay) — Crude oil prices Tuesday, the first trading day of 2017, hit an 18-month high, buoyed by hopes that a deal between the Organisation of Petroleum Exporting Countries (OPEC) and other exporters to cut production, which kicked in on Sunday, will drain a global supply glut . . .

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OPEC Deal To Cut Oil Production Raises Hopes Of Drain On Global Supply Glut

The Bear Market Hits Nigerian Stock Exchange As 2017 Begins

NSE . NSE Head Office, Lagos

Stock Exchange Begins 2017 On Negative Trend

Lagos (TheGuardian) — Transactions on the Nigerian equity market resumed on Tuesday for 2017 on a bearish trend with major blue chips recording price depreciation . . .

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The Bear Market Hits Nigerian Stock Exchange As 2017 Begins

Dangote Tomato Factory To Resume Production

tomato-processing-plant

Kano (NAN) — The Dangote Tomato Processing Factory in Kadawa, Kura Local Government Area of Kano State is to resume production in February . . .

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Dangote Tomato Factory To Resume Production