Monthly Archives: October 2018

NPDC Achieves 100% Local Content Input In Developing Gas Handling Facility

The Nigerian Petroleum Development Company (NPDC), an Upstream Subsidiary of the Nigerian National Petroleum Corporation (NNPC), has achieved a 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility.

World Bank Must Do More To Eradicate Energy Poverty – African Leaders

The World Bank must do more to eliminate energy poverty that has plaque African continent for too long, African leaders said. An estimated 1.1 billion people, about 14 per cent of the global population do not have access to electricity according to the International Energy Agency (IEA).

NNPC Cautions Petroleum Products Consumers Against Mishandling Of Products

As the dry season draws near in the Country, the Nigerian National Petroleum Corporation (NNPC) has warned petroleum products consumers across the nation against mishandling of white products.

UBA Receiving Entries For National Essay Competition

The UBA Foundation is now accepting entries for this year’s edition of the National Essay Competition. The first prize for the competition is a N2 million educational grant for the winner to study in any African university of his or her choice, a 100% increase from N1m which was awarded last year, while the second and third prizes have increased to N1.5 million and N1m educational grants respectively.

AfDB Launches Historical $500m Credit Insurance Deal

African Development Bank launches landmark $500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future.

UBA Reiterates Commitment To Strong Corporate Governance Standard, Honours Retired Directors

Pan African financial institution, United Bank for Africa (UBA) Plc at the weekend honoured four retiring directors while restating its commitment to ensuring strong corporate governance across the group.
The four directors who had collectively served the bank for over 40 years, were celebrated for their remarkable contributions to the group, over the years.

Nigeria Increases Penalty For Gas Flaring To $2/1000scf From N10/1,000scf

The Federal Government has increased the penalty for gas flaring to $2 per 1,000 standard cubic feet of gas (SCF), from N10 per 1,000 SCF of the commodity flared. This translates to N612.7 per 1,000 SCF at the current ex- change rate of N306.35/$.

Ezinne Dorothy Osamgbi For Burial

The death has be announced of Ezinne (Mrs.) Dorothy Ndukoso Osamgbi (Nee Eluemunor), a devout Catholic, a successful business woman and an accomplished civil servant, who retired from the then Bendel State Hospital Management Board, aged 85years.

How Solar Power Is Changing Lives In Africa

In June 2018, Bouake, the second largest city of Cote d’Ivoire, suffered its first-ever shutdown of domestic water supply. The country’s dammed lake, which supplies 70 per cent of the city’s water supply, completely ran dry. According to many experts, this was yet-again another consequence of climate change.

Nigeria Up 10 Places To 115 Out 140 In Global Competitiveness … However Down In Scores, 12 In SSA

In the recently released Global Competitiveness Index (GCI) report of the World Economic Forum, Nigeria moved up 10 places to 115th out of 140 countries evaluated in 2018. In spite of this, Nigeria’s score declined by 0.5 points to 47.5 (out of 100) from 48 in 2017. In SSA, Nigeria was ranked the 12th highest.