₦airaland Forum

Was the guy beaten for homosexual allegation or for snatching another man's joystick?

[quote author=So-brit]Pls what has happened to international energyy insurance that they are not being traded anymore on the nse?.[/quote]International energy's share was suspended pending their share reconstruction. Not sure when they'll start trading again

When are we going learn that our government have no business in running private enterprises. They are not going to run the business efficiently and effectively. Whats wrong with the government just creating enabling environment for these private companies to thrive.

Petronas Seeks LNG Export License for BC Project

Petronas has submitted an export application with Canada's National Energy Board to export LNG from northern British Columbia.

Pacific NorthWest LNG, which is 90% owned by the Malaysian firm has applied for a license to export up to 19.68 million tonnes of LNG per year for 25 years beginning in......

http://africanoilandgasnews.com/news/petronas-seeks-lng-export-license-for-bc-project

Lagos offshore oil holds prospects, may encourage more companies

Last week the media was agog with the information about the discovery of oil offshore Lagos by Lekoil Limited. Of course this is not the first discovery of hydrocarbon resources in the region as there has been exploratory activities in the area. Aje field, a major discovery in that axis has been in the process of development over the years. Even though it is gas which requires a huge fund to develop.

The good thing about the latest development according industry sources is that it may encourage other companies to move...

http://africanoilandgasnews.com/news/lagos-offshore-oil-holds-prospects-may-encourage-more-companies

Shell reopens Nigeria pipeline amid spill claims

Anglo-Dutch supermajor Shell has reopened the Trans Niger Pipeline after repairing a valve point and removing oil theft connections, it said on Friday, but a local environmental NGO said 6000 barrels of oil had been spilt, according to reports.

http://africanoilandgasnews.com/news/shell-reopens-nigeria-pipeline-amid-spill-claims

India now leads America in purchase of Nigeria crude oil

Recent statistics have shown that the Government of India now leads the United States of America in the purchase of crude oil from Nigeria. India High Commissioner in Nigeria Mr Mahesh Sachdev who disclosed this when he paid a courtesy call on the Niger State Governor Dr Muazu Babangida Aliyu at government house in Minna on [...]India now leads America in purchase of Nigeria crude oil...

http://africanfinancialnews.com/+/india-now-leads-america-in-purchase-of-nigeria-crude-oil

Zenith leads 12 other Nigerian banks in world top 1000

Zenith Bank tops Nigerian banks in this year’s Top 1000 World Banks Ranking of The Banker Magazine of the Financial Times Group, London, United Kingdom. The 13 banks that made the ranking are Zenith Bank, First Bank, Guaranty Trust Bank, Access Bank, United Bank for Africa, Ecobank, Fidelity Bank, First City Monument Bank, Skye Bank, [...]Zenith leads 12 other Nigerian banks in world top 1000...

http://africanfinancialnews.com/+/zenith-leads-12-other-nigerian-banks-in-world-top-1000

F.C.C. Clears Sprint Deals With SoftBank and Clearwire

The Federal Communications Commission on Friday cleared the way for the $21.6 billion purchase of Sprint by SoftBank of Japan, as well as Sprint's offer to buy the broadband network Clearwire....

http://africanfinancialnews.com/+/fcc-clears-sprint-deals-with-softbank-and-clearwire

PFAs to invest N3.4tn in infrastructure

Acting Director-General, PenCom, Mrs. Chinelo Anohu-AmazuPension Fund Administrators will invest part of the growing pension funds in infrastructure after the Pension Reform Act 2004 must have been replaced with a new act.This was contained in a memorandum submitted by the National Pension Commission to the Senate Committee on Establishment and Public Service and the House Committee on Pensions at the joint public hearing for the proposed enactment of the Pension Reform Act 2013.Acting Director-General, PenCom, Mrs. Chinelo Anohu-Amazu, said the commission proposed that the funds should be utilised for national...

http://africanfinancialnews.com/+/pfas-to-invest-n34tn-in-infrastructure

I will vote for these candidates;

1. Buhari/Fashola or Oshiomole

2. Ribadu/Fashola or Oshiomole

Lets kick out corruption, the main problem we have in our dear country. Lets vote for discipline, accountability and transparency.

sellydion: If you must invest in agric sector why dont you consider Presco instead of OKOMU for now. I still hold the reservation of that good stock OKOMU as it seems expensive going by recent 1 for 1 bonus. Diamond is good. I dont know about Fidson do your home work.

Happy Investing

I think they are both solid investment. However, if I have to choose, i would choose Okomu over Presco. This is because of the price of rubber. The global price of rubber has been through the roof since the beginning of 2nd quarter. This should have a big impact on the 2nd quarter result.

The title should have stated: Akpabio Buys Best Governor in Africa Award

I dont know why we continue to hold majority of these reports in high regards. They are part of the political and economic instruments of the west. They use these reports to brand countries, states, cities of their choice positively or negatively to achieve their projected objectives. They use these reports to create value for their own economy, other economies that shared their ideologies and those that they have huge stakes in. We should not be that gullible to accept these reports at face value.

Britain mulling payouts for Kenyan Mau Mau

Britain is negotiating to compensate thousands of Kenyans who claim they were severely mistreated by their colonial rulers: Guardian reports

http://africanfinancialnews.com/+/britain-mulling-payouts-for-kenyan-mau-mau

1. Corruption

2. Corruption

3. Corruption

Heritage Oil keen to grow in Nigeria, hunts for more acquisitions

Heritage Oil is looking for further acquisitions in Nigeria, months after switching its main focus to the problematic Niger Delta region where performance of its field has to date been erratic.

In 2012, Jersey-based FTSE 250 company Heritage bought into a Nigerian oilfield which had been owned by oil major Shell in a $850 million deal, and sold out of a gas field it found in Kurdistan.



"We are looking to expand the footprint in Nigeria without question. We are in discussions with parties," Chief financial officer Paul Atherton said in an..

http://africanoilandgasnews.com/news/heritage-oil-keen-to-grow-in-nigeria-hunts-for-more-acquisitions

Canadian judge dismisses lawsuit against Chevron

An attempt by Ecuadorian villagers to have a Canadian court enforce a $19 billion judgment against multinational oil giant Chevron Corp has been dismissed by the Ontario Superior Court....

http://africanoilandgasnews.com/news/canadian-judge-dismisses-lawsuit-against-chevron

Gas supply to be delayed

Resumption of gas supply by the West Africa Pipeline Company (WAPCo) may be delayed as the company might need additional time to completely dry the pipeline to prevent corrosion, authorities of the gas company have told the B&FT. The General Manager, Corporate Affairs, of the West Africa Gas Pipeline Company (WAPCo), Mrs. Harriet Wereko-Brobby, in [...]...

http://africanoilandgasnews.com/news/gas-supply-to-be-delayed

Freeport-McMoRan’s $6.9 billion Plains bid called inadequate

Freeport-McMoRan Copper & Gold Inc.’s $6.9 billion bid for Plains Exploration & Production Co. is inadequate and should be blocked, an investor’s lawyer told a Delaware judge, who delayed a decision....

http://africanoilandgasnews.com/news/freeportmcmorans-69-billion-plains-bid-called-inadequate

Iran to Triple Gas Condensate Exports in Two Years

Iran, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investments, especially in its South Pars gas field," Press TV reports.The managing director of Iranian Oil Terminals Company (IOTC) says the country will roughly triple its gas condensate exports in less than two years. Language

http://africanoilandgasnews.com/news/iran-to-triple-gas-condensate-exports-in-two-years

Nigeria In Trouble; Oil Exports Fall To Lowest In 4 Years

Nigeria’s oil exports will fall to a four-year low as a result of crude oil theft and resultant facility closures by some oil companies, news...

http://africanoilandgasnews.com/news/nigeria-in-trouble-oil-exports-fall-to-lowest-in-4-years

Nigeria: Declining Crude Production May Affect Nigeria's Economy - Finance Experts

[Premium Times]Nigeria's oil sector, which provides about 83.5 per cent of its export earnings, has continued to be trailed with negative incidents, with oil production steadily declining due to widespread oil theft and pipeline vandalisation

http://africanoilandgasnews.com/news/nigeria-declining-crude-production-may-affect-nigerias-economy-finance-experts

Why investment in gas should be improved, by stakeholders

Nigeria needs to improve the incentives for investment in gas development as a vehicle to enhance its industrial capacity which contribute significantly to the economy. This is the rallying point of stakeholders who spoke to BusinessDay.

They stressed the need for government to remove the bottlenecks threatening the implementation of the Nigerian Gas Master Plan (NGMP) which was unveiled five years ago. This they believe would increase investments in gas and impact positively on the nation’s economy.

Nigeria is said to have the largest gas reserves in Africa, ranking seventh in the

http://africanoilandgasnews.com/news/why-investment-in-gas-should-be-improved-by-stakeholders

Afren to extend drilling horizons offshore Nigeria

Afren is preparing to drill two exploration wells offshore Nigeria.

Offshore lease OML 115, which the company operates in partnership with Oriental Energy Resources, surrounds the Ebok and Okwok development area, and is close to the Zafiro complex in Equatorial Guinea.

The GSF Monitor is likely to spud the first well this spring on the Ufon structure, which is structurally and geologically analogous to the nearby Ebok and Okwok fields but with deeper exploration potential.

Offshore lease OPL 310, operated by Optimum Petroleum Development, is next to the Aje field, which has been...

http://africanoilandgasnews.com/news/afren-to-extend-drilling-horizons-offshore-nigeria

Saudis Dare U.S. to Play Oil Ball

The latest assessment of the estimated oil reserves in the Bakken and Three Forks formation in the northern U.S. plains states was about twice as much as previously thought. Those plays, spread out over North Dakota, South Dakota and Montana, could bring the United States one step closer to energy independence, the U.S. interior secretary said. New technologies used to get at the oil locked in those shale formations has redefined the geopolitics associated with the global energy sector. The latest government figures suggest the United States ...

http://africanoilandgasnews.com/news/saudis-dare-us-to-play-oil-ball

Iraq Launches World’s Largest Flare Reduction Project

South Gas Company, Shell and Mitsubishi today officially announced the commencement of operations of Basrah Gas Company, which will be the largest gas project in Iraq’s history and the world’s largest flares reduction project. Basrah Gas Company is a 25-year incorporated Joint Venture between Iraq’s South Gas Company holding 51% of its shares, Shell 44% [...]...

http://africanoilandgasnews.com/news/iraq-launches-worlds-largest-flare-reduction-project

FG may bar group exit from pension scheme

The National Pension Commission is seeking the support of the Federal Government to deny approval to any sector desiring to opt out of the Contributory Pension Scheme. It was gathered that the commission took this stance after some groups opted out of the scheme with others making attempts to do the same. PenCom is, therefore,... [Read More...]...

http://africanfinancialnews.com/+/fg-may-bar-group-exit-from-pension-scheme

South Africa: Tsogo Sun in U.S.$100m African Expansion

[SA Info]South African hotel and casino group Tsogo Sun is to invest $100-million (about R900-million) in projects in Mozambique and Nigeria as part of its African growth strategy....

http://africanfinancialnews.com/+/south-africa-tsogo-sun-in-us100m-african-expansion

South African Ethos raises $800m fund

South African private equity firm Ethos has raised $800 million for their Fund VI, exceeding their initial $750 million target.

The firm noted that for the first time, they were able to attract investors from Asia, reflecting growing interest in opportunities for private equity, especially in Africa.

Reuters reports that ‘Ethos had managed to attract a wider spread of investors than in previous rounds of fundraising, drawing Asian pension and sovereign wealth funds for the first time, as well as investors from Europe, North America, the Middle East and Africa.’

http://africanfinancialnews.com/+/south-african-ethos-raises-800m-fund

XerxES Investment Global in $164m Abuja electricity deal

XerXes Global Investments has backed a $164 million deal to acquire 60 percent of Nigeria-based utility company Abuja Electricity Distribution Company (AEDC).

The investor partnered Copperbelt Energy Corporation (CEC), an electricity distribution company based in Zambia, on the transaction. The duo structured the acquisition through KANN Consortium, a holding company equally owned by the duo.

The deal will be financed through a combination of debt and equity, and is expected to be finalised by August 2013.

XerXes and CEC won the deal through an auction process. CEC last year signed an agreement with...

http://africanfinancialnews.com/+/xerxes-investment-global-in-164m-abuja-electricity-deal