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Callable capital increases from USD1 billion to USD8.5 billion; Authorized capital also increased to USD20 billion and subscribed capital to USD10 billion; USD500 million will also be transferred from Corporation’s general reserves and retained earnings into its issued and fully paid capital; Announcement follows APICORP’s 2019 financial results, which saw …

Thirty-one Nigerian academics and research interns including nine professors and four senior lecturers were last week inducted for a one-year sabbatical program and research internship in Shell companies in Nigeria at a ceremony held at the Port Harcourt Headquarters of Shell Petroleum Development Company of Nigeria (SPDC). Drawn from 10 …

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Tuesday recognized a staff of the Federal Airports Authority of Nigeria (FAAN), Mrs Josephine Ugwu for her honesty and integrity in the discharge of her duties. Mrs Henrietta Yakubu, the General Manager, Corporate Affairs of FAAN said in a …

  For the first time, African travelers have liberal access to over half the continent, the 2019 Africa Visa Openness Index published by the African Union Commission and African Development Bank, reveals. The report was launched on Monday on the sidelines of the Africa Investment Forum, which opened in Johannesburg, South Africa. …

    In furtherance of their efforts to deliver sustainable community development projects in their target communities, two organizations founded and funded by the NNPC/Chevron Nigeria Ltd Joint Venture, the Ilaje Rural Development Advocacy Committee Initiative (ILRDC) and the Amalgamation of Ilaje Ugbo Coastal Communities Association (AMAICOMMA CCDC) held a …

Stakeholders in the renewable energy space as well as Liquefied Natural Gas (LNG) sector, are exploring solutions to address the gaps in the power sector. According to them, there is a need for the government to make the power sector attractive for investment through policy frameworks and by embracing new …

About 200 youths from Ibeju-Lekki community in Lagos State have graduated from various skills acquisition program organized by Dangote Petroleum Refinery as a way of transforming the society and providing employment opportunities for the youths. The program was put together by Dangote Petroleum Refinery and facilitated by the National Directorate …

To expedite the growth of the Federal Government’s revenue and in turn boost the nation’s reserve base, the Nigerian National Petroleum Corporation (NNPC), Nigeria Agip Oil Company (NAOC) and Oando, have executed a novation agreement for Oil Mining Leases (OMLs) 60,61, 62 and 63. The Group Managing Director of the …

During a recent Media Engagement meeting held in Abuja, Nigerian Content Development & Monitoring Board (NCDMB) Executive Secretary, Engr. Simbi Wabote expressed his opposition towards the creation of multiple Local Content Boards. According to him, “the NCDMB can modify its templates to suit other sectors. In our view, this is …

The first phase of the Oloibiri Health Program (OHP) was recently inaugurated and comprises of the remodeled General Hospital, Kolo; Water Treatment Plant; Hybrid Solar Powered System; Medical Laboratory Equipment at the College of Health Technology, Otuogidi and the Dental Chair at the Demonstration Clinic, Otuogidi (one of the 14 …