₦airaland Forum

https://bc-image-test.s3-website-us-east-1.amazonaws.com/800/st3xwm3tovdteop7688k.jpg


Mrs Mosunmola Olusoga replaced Mr. Gbenga Oyebode as the director and Chairman of Access Bank on the over a month ago.

Earlier Work

1. She was Executive Director of Investment Banking at Guaranty Trust Bank.

2. She was Acting Managing Director of Trust Bank of Africa Limited in 2003.

3. She served on the Board of Asset and Resource Management Company.

4. She chaired the Equipment and Leasing Association of Nigeria.

Education

She is a graduate of Economics from the University of Ibadan (1979).

Achievements

1. She is a qualified Chartered Accountant and a fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers of Nigeria.

2. She is the Principal Consultant/Programme Director of The KRC Limited.

https://bc-image-test.s3-website-us-east-1.amazonaws.com/800/zcidgyfgyplre5wj3nfs.jpg


Bola Adesola joined Standard Chartered as the MD/CEO in 2011 and in 2013.

Earlier Work

1. She served with First Bank of Nigeria PLC as the Executive Director for Corporate Business.

2. She was later managed the entire company in Lagos including retail, corporate and commercial banking.

3. She was the Managing Director at Kakawa Discount House Nigeria and worked in Citibank in Nigeria and Tanzania for 9 years.

Education

She holds a law degree from the University of Buckingham, UK and was called to bar in 1985.

Achievements

1. She won ‘Outstanding Woman in Business’ at the Africa Business Awards in 2013.

2. She is an honorary fellow of the Chartered Institute of Bankers Nigeria and is part of the board of the Financial Markets Dealers Association.

3. She chairs the Central Bank of Nigeria Bankers’ Sub-Committee on Women’s Economic Empowerment and was recently appointed the first female Vice President of the Lagos Business School Alumni Association (LBSAA).

4. She was appointed as a member of the board of the United Nations Global Compact.

4. Mosun Belo-Olusoga (Chairman of Access Bank)

https://bc-image-test.s3-website-us-east-1.amazonaws.com/800/iqstjd314ltkzgf7enqr.jpg



Mrs David-Borha is the Chief Executive of Stanbic IBTC Holdings PLC.

Earlier work

1. Appointed the Chairman of Stanbic IBTC Pension Managers Ltd on 05 November 2014.

2. Former Chief Executive of Stanbic IBTC Bank PLC.

3. Deputy CEO of Stanbic IBTC Bank PLC (Jan 2008 – April 2011).

4. Acting Managing Director, IBTC Chartered Bank PLC (Oct 2007 – Jan 2008).

5. Executive Director, Corporate and Investment Banking (2006 – April 2010).

6. Executive Director Corporate Banking (1994 – 2005).

Education

She holds an MBA degree from Manchester Business School, United Kingdom and executive educational experience at the Advanced Management Programme of the Harvard Business School.

Achievements

1. Mrs David-Borha is the Chief Executive of Stanbic IBTC Holdings PLC.

She is a member of the Chartered Institute of Bankers of Nigeria and the Nigerian Economic Summit Group.

Board member of :

Financial Institutions Training Centre
Fate Foundation
First Securities Discount House Limited


If they inspire you, don’t forget to share to inspire others.

5 Women Dominating Nigeria’s Banking Sector




https://bc-image-test.s3-website-us-east-1.amazonaws.com/800/xvexmuvplhrhuoezea8s.jpg


Ibukun Awosika (Chairman of the First Bank of Nigeria)


[b]


Ibukun Awosika was appointed the new chairman of the First Bank of Nigeria board 2 days ago, making her the first woman to ever be appointed the position since the bank’s inception.


She was initially a non-Executive Director of the Bank.

Education

1. She has a bachelor’s degree in Chemistry from Obafemi Awolowo University.

2. She has an MBA from IESE Business School, Barcelona, Spain.

3. She has a degree from the Lagos Business School Chief Executive Programme.

Achievements

1. She is the founder/CEO of The Chair Centre, Sokoa Chair Centre Limited and TCC Security Systems.

2. She is a fellow of the Aspen Global Leadership Network and a multiple award winning entrepreneur.

3. She is a board member of the Women in Management and Business (WIMBIZ) and Convention on Business Integrity.

4. She is a pastor of the Fountain of Life Church and she hosts a popular TV programme called, Business His Way.

5. She is the chairperson and promoter of the After School Graduate Development Centre (AGDC).[/b]

[s]

Doublecheck:
Scratched face Afonja have you eaten bread and beans this morning? Gov. Aregberascal is sharing Ewa and bread at Ipere community town hall better go and collect your own dividend of afonjacracy.

Isi busu

[/s]

Unintelligent, ignorant and shallow ipob ramblings bore me.

[s]

Pchidexy:
Listen boy, the name Korie( a version of Okorie) is very popular in Ihiitte Uboma, and Obowo areas of IMO State.

Una no dey travel nah

[/s]



Rubbish.

Weinberg:
South east should corroborate with Rivers or Akwaibom to build,renovate and resuscitate our Seaports.
If Nigeria is restructured, Lagos will lose its status as the largest economy within the next ten Years
Lagos is enjoying Monopoly.
When restructuring is done and power returns to the component regions,Rivers,Akwaibom,Bayelsa,Anambra and Abia will be competing with lagos in terms of GDP.
MMIA will lose its status as the busiest airport in west Africa

What is restructure going to do? Force investors to stop investing in Lagos and the SW and pure their investments into your towns and villages?

Do you really think any restructure will change the regional economic dynamics in your favor?

Lagos is more than sports and all the things you people worry about, Lagos is about good and credible leaders with vision which we both know you don't have, Lagos is about business, Lagos is the finance and insurance capital of West Africa, Lagos is Africa's arts and entertainment capital and the dominant industrial base in West Africa so do you really think you having some ports means you get to take these factors away from Lagos?

You don't have the human, social, economic, cultural and educated manpower to take anything away from Lagos state and in fact, Lagos in less than 2 years ending up with the largest single refinery in the world, largest petrochemical plant in Africa, largest fertilizer plant in Africa, largest gas plant in Africa with 12,000MW power plant means you are even going to be a million years behind Lagos state.

Nearly all the investments entering Nigeria ends up in the SW for obvious reasons and restructure won't change the business and economic factors investors consider before investing their money.


It's OK to dream and keep dreaming sha, even dreaming sef is free so keep dreaming.

A-29 Tucano is not an helicopter.

Develpeast:
You know why I have ignored you? From the very first time you quoted my post, you have shown that you are very unsmart and you are looking for trolls.

Seriously, I do not engage in that sort of argument just to win likes, quote other people please.

You be are ignoring me because I'm busting your lies.

[s]

OMANBALA1:
If you are truly content and secure in your belief that your ethnic group is the most industrious and richest why are you here arguing with these guys about the identity of their ethnic men ?? I don't see them in your thread trying to disrupt your operations. I don't want to join the dicck measuring contest typical of you black iidiots(both igbo and yoruba) but I can smell the insecurity in you from miles away...Yes,you are an insecure,pathetic tribal goat!!

[/s]


This is not about ethnic superiority or your ethnic headache, this is about lies and fraudulent claims so go away with your tribal and ethnic fixation.

realhumanity:
Please learn and stop hating.

This discussion is about Benneth Korie, not your stolen internet pictures.

realhumanity:
Are u something else? I can still pinpoint three Igbo names there by just looking at it. This your point looks like when they set exam for you and u do not have answer, you just bring up long epistle for the lecturer to give you scores for speaking English.

It seems you are not too good with names of different tribes in Nigeria that's why you are arguing like this.

I don't want to soil my monicker with this kind of lame argument please.

You can pinpoint a million ibo if you like, but I'm talking about Benneth Korie.


I was actually expecting your facts and proof that says he is ibo, not the same meaningless talk.

[s]

pazienza:
Lol! I'm Afonja is already pained over this thread.
Umunnaa, keep it coming, I'm enjoying the thread from the sidelines.

A simple type of the name "Korie" on facebook would show the ethnicity of those who bear the name.

[/s]



This proud Afonja is the reason why you lie and make fraudulent claims right?

lmao. Trust me, I know how you people scheme and shout Afonja all over the place after getting caught.


-Proud Afonja.

[s]

raker300:
the fact that you have to alternate between your very many monikers here to reply yourself shows this igbo success is taking a toll on you

[/s]




Face topic or keep quiet.

Develpeast:
Igbo men are doing well sincerely, the more I continue to look the more I see them. One thing u will notice, when you see one they refer you to other Igbo companies as their partners. There is this synergy in their development and progress.

They are doing well, but you still have to post fraudulent achievements, lie and claim other people's achievements?


You shouldn't have to steal achievements and post fraudulent facts if they really are doing well.


Makes no sense.

realhumanity:
Why are u insulting me. I thought u wanted to learn something new. Korie, okorie and okoye are the same depending on your dialect. stop being overtly emotional about these things.

I said stop making things up.

Delta NLC Honours Uduaghan, Utuama, Others
The Delta State Council of the Nigeria Labour Congress, NLC


Other Deltans who were honoured with the NLC Distinguished Youth Empowerment Award include Senator Pius Ewherido,Senator Ifeanyi Okowa, Hon. Evelyn Ojakovo, Timothy Ogbu, Bennett Korie,Solomon Ogba, Patrick Akpobolokemi, Edafevwotu Akpovire and Joseph Ogeh.


http://freshangleng.com/news/198-Delta_NLC_honours_Uduaghan,_Utuama,_others

The man was the National Chairman of the Oil and Gas branch of NUPENG before setting up his company in Abuja. He was Comrade Benneth Korie and they still call him comrade korie, even on empire energy website. Managing Director/CEO
Comrade Benneth korie.



You people need to stop lying and claiming what doesn't belong to you.

[s]

realhumanity:
Korie means a child born in orie market day. Now what do u have to say about that.

[/s]



Listen to this funny joker.


Stop making up rubbish.

realhumanity:
whose tribe bears korie? are you telling us that there are no Igbo's in delta state? Just go to bed. no false information except your weak attempt to change facts.

So, every delta is ibo just because they have ibo communities in Delta state?

What is the meaning of Korie in ibo language? Please tell us.


Fraudulent people..

popizaino:
thought I was the only one that noticed that attitude of self appraisal with them.

check out now they have started badmouthing funke akindele's jenifa 's diary that it is now boring .can you just notice how they been preoccupied with yoruba hatred and jealousy?

stupid and foolish tribe

They are too steep in delusions, warped and pointless emotions and sentiments that only their own irrelevant and absurd realities matter when in fact they are at the bottom of everything which they know down inside their soul hence the cries and shouts about marginalization.

How do you even reconcile their claims that they are the smartest, they are the richest and the most industrious with the fact that they have the most unproductive states in Nigeria with the lowest IGR, smallest state budgets and for the people in that region to survive economically or successful in life, they must seek economic refuge, daily bread, and survival in the SW or elsewhere.



The fact is, their ignorant and delusional claims just doesn't jive with realities in their villages and their own day to day survival mode.

[s]

Develpeast:
Empire Energy Limited, MD/CEO BENNETH KORIE

is a Limited liability Company, wholly Nigerian owned, and fully registered at the corporate Affairs Commission Abuja, in 2007, as a Petroleum Exploration, Refining, Haulage, Distribution and Marketing Company. By dint of hard work, as well as hard earned credibility and reputation for Unadulterated products, the company has expanded its branch network from its previous head office in Jos to cover the prime Commercial cities of Lagos, Port Harcourt, Owerri, Warri and Jos while its head office is situated in the Federal Capital Territory, Abuja, where the company is quickly earning a reputation for being the most efficient and competitive source of unadulterated petroleum products: LPFO, AGO (Diesel), PMS (Petrol), LPG (Cooking Gas) and DPK (Kerosene).

The Company is registered with the Directorate of Petroleum Resources (DPR), Nigeria National Petroleum Corporation (NNPC) & Pipelines and Products Marketing Company (PPMC). Thus, we have the advantage of obtaining our products from their refineries as well as NNPC depots nationwide. We have valid DPR –Depot licence and DPR-licence for all our filling stations.
We have developed partnerships with Societe Nigerienne Des Produits Petroliers (Niger Republic) and Petroholland Refining Inc. (Nederland/Singapore) to import products from these countries.

Our diverse wealth of experience in the downstream sector of Oil and Gas spans over (23) Twenty Three years and we guarantee quality products and constant availability.

Our state of the art Petroleum depot is situated along Suleja-Kaduna road and its ambience and serene environment is very neat and stress free

Our depot has the capacity of storing about ten (10) million litres of Petroleum products and as such there is constant supply and availability of products all year round.

The best price by quality and quantity (Q &Q) is offered to our esteemed customers

We offer competitive prices for all our products with zero tolerance for depletion and lag which is consistent with the appropriate flashpoint andclaim densities that will prevent tear and wear of heavy duty equipment and promotes their longevity thereby reducing unnecessary costs associated with breakdown due to the use of adulterated products.

[/s]



Empire Energy Limited, MD/CEO BENNETH KORIE

Another scam, fraudulent and 419 claim.

The man is not ibo, he's from Delta state.


Why do you people lie and engage in fraudulent activities so much?

Develpeast:
Just go and sleep. Your hate is real.

It always hate when you get called out on your lies.


Yes, I know how you people operate of course.

taoheedoriloye:
Lols.Obj!
Same obj who denied lagos allocation for four years.
This baba cha!

I do agree with the man's assertion and I even think it's around the corner.

Danote's refinery, largest single refinery in the world, largest petrochemical plant in Africa, largest fertilizer plant in Africa and largest gas plant in Africa with 12,000 MW power plant all in Lags state.

Yes, this is achievable even in less than 4-5 years.


...but this should have happened years and decades ago if not for mean spirited, political and vindictive actions take by the same OBJ and other Nigerian leaders that slowed Lagos down.

OBJ betrayed Lagos when he sabotaged Lagos state's 1st IPP/271MW built by Tinubu and this single action is the reason why Lagos state is not getting 24/7 power supply and in effect slowing the state down economically.


Lagos state also awarded a metro trail contract back in the 80's under Jakande/30 years ago, but after mobilization by the French contractors in Lagos/Yaba to be specific, the FG led by Buhari canceled that project for another political, regional, tribal other absurd reasons.


Now 30 years later under Fashola, the metro rail plan is in almost a reality.


Lagosians are blessed with great leaders with strong state pride and sense of purpose and duty, but the FG remains a stumbling block and monkey on their back.

Develpeast:
So something is wrong with you or what?

Something is wrong with me, but you are the liar posting baseless and fact less rubbish.


You must have looked in the mirror.

Develpeast:
Frederick Achom is a Nigerian-born British businessman and entrepreneur who now calls London, Paris and Rome all home. Throughout his accomplished business career he has shown a keen eye for detail, business and investments, and has proven himself to be a self-motivated go-getter from a very young age.

Freddie Achom’s father is a Nigerian politician and businessman, his mother a housewife. As a child he attended boarding school in the United Kingdom along with his sister and two brothers. Later, he returned to his native Nigeria to pursue a career as a medical doctor, but soon decided his future lay in the business world. Thus, he didn’t hesitate to leave medical school in order to pursue his dreams only a year and a half after his studies began. He then flew to London to embark on what would be an illustrious business career.

Frederick Achom’s path to success started modestly, as he held several positions in financial sales at several London firms. Achom’s business acumen allowed him to progress at a rapid pace. His business career took off with the sale of City Business Partners, his first consultancy and business development agency, to the UK firm EGC.

Rosemont Group Companies

In 2003, Frederick Achom founded a British Virgin Islands-based consumer goods group, the Rosemont Group. He now serves as the privately-held group’s chairman.

Rosemont Group, which according to estimates is now worth an excess of 30 million US dollars, focuses on land and property development throughout the United Kingdom, consulting and investment overseas, and luxury goods. Achom also uses his connections and business experience in Western Africa in his work with telecom clients that look to boost sales in the region or to find for quality recruitment.

Investments

Frederick Achom is a partner and major shareholder in the Bordeaux Wine Company, one of the leading wine investment companies in the UK. He also holds shares in the following companies as well: Caseflight Ltd., Universal Properties Ltd., Night Management Holdings Ltd., Hanover Bars Ltd. and Property Clinic Ltd.

Freddie Achom was also the mastermind behind the Crystal Members Club, which has been launched in Lebanon, Dubai, Beijing ,St Tropez and Los Angeles with the cooperation of a Lebanese investment group, the Circle Management Group. This venture has been a great success from inception.

In the near future Frederick Achom intends to complete the purchase of UK restaurant chain, Bennets, and by 2011 his new concept-restaurant in Los Angeles will hold a grand opening with backing from some of Hollywood’s high profile names.

I just wonder why you did not highlight the birth that says he's ibo. That's what you really should have done.



Try again.

[s]

Develpeast:
Jeez! your hate is serious. Benedict peters an anioma man who has his family in USA. A strong sponsor of jonathan's government. go and sleep.

[/s]


Anioma ko, animal ni.

You know he's from anioma because you have his birth records with the place of birth written on t? No


The man is from Delta state.

lovere:
please go get a job you troll! i can see that you have tim

Don't get mad because I don't belive your lies.

Develpeast:
Rosemont Group Capital Partners. Freddie Achom MD/CEO

Freddie Achom Invests in Pakistani Customer Services Tech Startup along with Sunbridge and Telefonica.

Vivid Technologies, a Pakistani originated tech startup earlier this year made a low-key announcement of the closure of their seed-stage funding round. With some high powered astute investors listed in the announcement, consisting of Sunbridge Ventures, Telefonica, Conrad Labs and Rosemont Group Capital Partners, the company is set to revolutionise the customer service industry.

(Photo: http://photos.prnewswire.com/prnh/20151029/281726 )
Vivid has been gaining recognition on both sides of the hemisphere, having previously been incubated at Plan9 and accelerated at LUMS Center for Entrepreneurship, before joining Microsoft Ventures London and BlackBox Connect (sponsored by Google) USA accelerator programmes.

The company aims to drastically reduce customers' waiting time by putting customer service calls into an app. It has introduced a new innovative cloud-based technology, adapting the traditional customer service IVR (Interactive Voice Response) systems into an interactive, visual and touch experience, completely transforming the user experience.

After successful pilots, the company is satisfied that the technology improves the customer service experience by making it more visual and much more simplified via smart devices.

Freddie Achom, Managing Director of Rosemont Group Capital Partners says, "we have held back from announcing the investment until the pilots were successfully concluded but since hearing of Vivid and meeting with Omer, we have been totally behind the company because this is a very real and exciting attempt to disrupt a sector that is in much need of it. We have all experienced the long frustrating waiting times when attempting to contact companies and service providers. Not only will Vivid benefit the customer but likewise the in-coming call centers and businesses as they can improve customer satisfaction along with call-center productivity. Not only does this solution reduce customer waiting time ten fold, but it also decreases traffic for incoming call centers by approximately 35 percent."

The technology will also make customer service more multimedia oriented, as users are able to send in pictures or a sound clip of the issue that's causing them to call the company's helpline. Thus helping the customer service representative give better assistance and not be so reliant on customers having to describe their issues. There will still be someone to talk to - and, indeed, there will still be waiting times to speak to agents - but the idea is that less time will be spent in customer services limbo or void, hanging on the line.

Omer Khan, Vivid Technologies' founder and CEO expressed his excitement at the closure of the round, "I just want to keep reminding ourselves that entrepreneurship is not about the size of the round but actually to be able to create something of value, something really significant. The idea that 'we can do better' just got real. Personally, I am humbled by this validation and the trust of our investors and partners."

First founded in Pakistan but now headquartered in London, the company also has plans to expand its B2B services, by offering options of value-added services for corporate clients, as well as multimedia content that users can engage with while waiting to be connected to call center agents. Chat room applications, company information, music, games, and videos are just to name a few. Vivid hopes to be the app that saves us all from those horrid 10 to 20 minutes holding on the phone or staring at the speaking phone in frustration!

Rosemont Group Capital Partners is an early stage venture capitalist firm co-founded in 2003 by British entrepreneur and venture investor Freddie Achom. It's portfolio is as wide ranging as digital technology, bio technology, solar technology, financial services, land and property development to more high profile ventures in the entertainment sectors. Rosemont Group is headquartered in London with international offices in New York and Mumbai.

And you know the man is ibo because?



Stop posting what you can not prove.

[s]

julietm123:
whats your problem? Are you sick or it's just inferiority complex? I haven't even visited the yorubads counter thread to know what's going on there but you this fo...li...h afonja brownroofer you are here blocking my view. Pest.

[/s]




Keep quiet and face topic if you have nothing better to contribute.

[s]

lovere:
https://en.wikipedia.org/wiki/Benedict_Peters

Peters hails from Onicha Oloma in Delta state and was born in Abakaliki, Ebonyi State to a banker and a homemaker.[7] He attended Ekulu Primary School, Enugu; and Federal Government College Enugu, after which he proceeded to University of Benin, where he obtained a Bachelor of Science (B.Sc) Hons degree in Geography and Town Planning

[/s]




The man is not from Delta and was never born in any abakalaiki rubbish.


Wiki is not a good and absolute source of info so try again with a credible source.

[s]

FKO81:
LAGOS, June 8 2017 (Reuters) - Nigerian stocks extended gains to hit a new 23-month high on Thursday as the reopening of the Forcados crude oil terminal helped to boost confidence in the country's largest local oil exploration company.

Royal Dutch Shell lifted force majeure on exports of Nigeria's Forcados crude oil on Wednesday, bringing all of the West African country's oil exports fully online for the first time in 16 months.

Shares in Seplat, the indigenous oil and gas company with the largest capitalisation, gained 10 percent on Thursday.

The company, in a statement to the Nigerian stock exchange, said the lifting of the force majeure helped it to successfully reinstate gross production at OMLs 4, 38 and 41, to levels last seen before the terminal's closure.

Gains in banking stocks and food sector also helped to sustain the rally in the market.

The index rose 0.77 percent by the close of trading to 32,937 points. The bourse had gained more than 21.63 percent year-to-date.

The banking index, which had fallen for the past two consecutive days, rebounded, rising 2.49 percent to outperform the overall market index.

Dangote Flour, chocolate maker Cadbury and fuel retailing firm Forte Oil all gained 10 percent each to help push up the index. (Reporting by Oludare Mayowa; Editing by Alexis Akwagyiram and Tom Heneghan)
http://www.reuters.com/article/nigeria-stocks-idUSL8N1J54D2

[/s]



And does this rubbish means this poor and losing company is not 9 times smaller than Oando or that this broke company did not lose earnings by 352%?


You just reason and post like a 2-year-old kid.

[s]

FKO81:
Ignoramus another Igbo oil firm that will give you heart attack


Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1yr

Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production was 23Kbpod. But Aiteo, one of the frontline sponsors of the just-concluded 16th Oil and Gas (NOG) Conference held in the country’s capital Abuja, says it has tripled this figure leveraging the diversity and skills of its work force and bona fides as a dynamic international energy conglomerate

Its CEO and Vice Chairman Benedict Peters said the company grew production from 25kbbl/d upon takeover of operations to a peak of 90Kbbl/d in one year. He also highlighted several existing and developing projects that could potentially grow Aiteo’s asset production to over 150 kbopd and 200mmscf/d. He said: “Our outlook is bright with 3 producing oil fields and viable crude exports via Bonny terminal. We also have contingent resources to appraise and prospective ones to explore in the medium-to-long term, including full 3D coverage and 2P NNS reserves at 1.6bn bbl. Put simply, we have a clear vision for the future with the experience and assets crucial to providing oil and gas consistently on a regional and global scale.” Aiteo’s ambitious five-year objectives include tackling the power challenges in Nigeria head-on through its legacy investments in the gas-to-power value chain. “This is a testament to our commitment to the transformation of the entire oil & gas value chain into a world-class landscape,” Peters added. The company’s main subsidiary Aiteo Eastern E&P is also a major infrastructure provider for Nigeria’s oil industry as the operator of the 97km Nembe Creek Trunk Line, an industry-wide evacuation pipeline for produced fluids covering much of the country’s Eastern Delta region. Aiteo’s Group Managing Director Mr. Chike Onyejekwe said: “Our growth drivers remain strong leadership, high commitment and motivation, technical and commercial excellence and superior asset base. In the next five years, our operations will continue to be guided by these qualities as we leverage our capabilities comparable to oil majors elsewhere in the world. Indeed, the future is Aiteo.” In the interim, Aiteo says it is developing a pipeline of power generation projects across Nigeria. The company is confident that its significant gas resources at OML 29 will transform the country’s oil rich Niger Delta region into a power generation hub of repute before long.

Read more at: http://www.vanguardngr.com/2017/03/aiteo-emerges-nigerias-leading-oil-gas-company-with-record-90kpod-output-in-1yr/

[/s]




This is another small and marginal player with meager valuation.


Show me their total revenue before I pay you attention.

[s]

FKO81:
Ignoramus another Igbo oil firm that will give you heart attack


Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1yr

Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production was 23Kbpod. But Aiteo, one of the frontline sponsors of the just-concluded 16th Oil and Gas (NOG) Conference held in the country’s capital Abuja, says it has tripled this figure leveraging the diversity and skills of its work force and bona fides as a dynamic international energy conglomerate

Its CEO and Vice Chairman Benedict Peters said the company grew production from 25kbbl/d upon takeover of operations to a peak of 90Kbbl/d in one year. He also highlighted several existing and developing projects that could potentially grow Aiteo’s asset production to over 150 kbopd and 200mmscf/d. He said: “Our outlook is bright with 3 producing oil fields and viable crude exports via Bonny terminal. We also have contingent resources to appraise and prospective ones to explore in the medium-to-long term, including full 3D coverage and 2P NNS reserves at 1.6bn bbl. Put simply, we have a clear vision for the future with the experience and assets crucial to providing oil and gas consistently on a regional and global scale.” Aiteo’s ambitious five-year objectives include tackling the power challenges in Nigeria head-on through its legacy investments in the gas-to-power value chain. “This is a testament to our commitment to the transformation of the entire oil & gas value chain into a world-class landscape,” Peters added. The company’s main subsidiary Aiteo Eastern E&P is also a major infrastructure provider for Nigeria’s oil industry as the operator of the 97km Nembe Creek Trunk Line, an industry-wide evacuation pipeline for produced fluids covering much of the country’s Eastern Delta region. Aiteo’s Group Managing Director Mr. Chike Onyejekwe said: “Our growth drivers remain strong leadership, high commitment and motivation, technical and commercial excellence and superior asset base. In the next five years, our operations will continue to be guided by these qualities as we leverage our capabilities comparable to oil majors elsewhere in the world. Indeed, the future is Aiteo.” In the interim, Aiteo says it is developing a pipeline of power generation projects across Nigeria. The company is confident that its significant gas resources at OML 29 will transform the country’s oil rich Niger Delta region into a power generation hub of repute before long.

Read more at: http://www.vanguardngr.com/2017/03/aiteo-emerges-nigerias-leading-oil-gas-company-with-record-90kpod-output-in-1yr/

[/s]




Rubbish.

Look at this 419 joker trying to play bait and switch.


The argument is still about broke and poor seplat with 352% loss and 9 times shallow and poorer than Oando.

He is a poor and lousy business manager.


He lost 352% in 1 single year and his total revenue was N63 billion while Oando earned N569 billion