Royal Dutch Shell said it has appointed Wael Sawan as Upstream Director with effect from 1st July 2019. Wael is a Canadian citizen of Lebanese origin and currently Executive Vice President Deepwater. He joined Shell in 1997 and has held a variety of commercial and operational leadership roles across the […]
The Economic and Financial Crimes Commission, EFCC, Benin Zonal Office has arrested a Bishop and suspected fraudster, Giniko Obi, for allegedly defrauding thousands of people of various sums of money running into millions of naira, in the guise of helping them “fight poverty”. The EFCC said in a statement that […]
The University of Lagos, a federal university in Nigeria’s commercial capital has launched its own TV station called UNILAG TV. The TV station was unveiled this afternoon at the University’s Senate building to the academic community, the media, advertising agencies and the media industry at large. Granted a broadcast license […]
Nigeria’s Wema Bank Plc has announced a 70 per cent growth in Profit Before Tax (PBT), from N1.80billion in Q3’2017 to N3.07billion in Q3’2018. Profit after Tax (PAT) rose by 72.55% to N2.64billion in Q3’2018 from N1.53billion in Q3’2017 while gross earnings grew by 7.96 per cent from N45.38billion in […]
Embattled Middle East private equity firm, Abraaj Holdings has converted its loan to Nigeria’s C and I Leasing Place to equity. Abraaj has come under intense pressure to raise cash in paying investors and creditors as its goes through a technical restructuring. C and I Leasing is Nigeria’s largest leasing […]
French energy giant, Total, has signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia. The company said in a statement that it sold the stakes to operating partner INPEX for an overall consideration of 1.6 billion USD. The transaction, which is […]
With a gross domestic growth (GDP) of 0.55% in the second quarter of 2017, Nigeria exited its first economic recession in over 20 years. To know how we managed to get out of the doldrums of economic comatose, the National Bureau of Statistics, (NBS), said in its report that the […]
Seplat Petroleum Development Company Plc has announced today that the President and Honourable Minister of Petroleum Resources has given consent for the renewal of OMLs 4, 38 and 41. The company said the licenses have been set to a new expiry date of 21 October 2038. Seplat holds a 45% […]
As Nigeria’s 2019 general elections draw near, many brands owners and planners are wont to be in a dilemma. It is four months long of politicking and partisan activities that usually drowns all non-political activities. As a responsible brand owner, four months of zero marketing activity is not only unthinkable […]
Niger-based Savannah Petroleum Plc said it has received the approval of Nigeria’s Department of Petroleum Resources, DPR to Seven Energy Assets acquisition. Savannah Petroleum PLC is an AIM-listed oil and gas company with exploration and production assets in Niger and Nigeria. The company is bidding to acquire interests in the […]