Photos from the 2nd Annual Christopher Kolade Lecture
The 2nd edition of the Christopher Kolade lecture on on Business Integrity has come and gone and by all accounts, it was a momentous occasion.
October 2014
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LAUNCH OF THE CORPORATE GOVERNANCE RATING SYSTEM
The CGRS is poised to raise the Corporate Governance “ceiling” in Nigeria; give companies the opportunity to differentiate themselves by showing good corporate Governance practices and help them gain access to funds committed to good Corporate Governance practices and sustainability. The launch of the Corporate Governance Rating System (CGRS) will mark the beginning of […]
Senate to adopt $78 oil benchmark for 2015 fiscal year
Abuja – The Senate is set to adopt the proposed 78 dollars as the country’s oil price benchmark for 2015 fiscal year. The discosure was made on Tuesday at the joint meeting on 2015-2017 Medium Term Expenditure Framework organised by Senate Joint Committees in Abuja. Read more
Vandalism can increase risk in oil price instability — NAPE
The Nigerian Association of Petroleum Explorationists, NAPE, has called for stricter sanctions on oil vandals, if the target in production of crude in the country has to be met. President of NAPE, Mrs. Adedoja Ojelabi, said the challenges in the industry would be worse if sanctions are not put in place to discourage theft and […]
Rights group condemns neglect of host communities
An international organisation, Global Rights, has slammed the Federal Government over the Mineral and Mining Act by not protecting and providing basic amenities for host communities. This was stated by the Country Director, Global Rights, Mrs. Abiodun Baiyewu, while presenting an assessment report on extractive host communities at a conference of stakeholders in the mining […]
Ghana to cut gas import from Nigeria
Ghana has announced plans to significantly reduce the quantity of gas it purchases from Nigeria in the next couple of months through increased local gas production. President of Ghana, Mr. John Mahama, who was responding to questions on the economy at the Global African Investment Summit in London, said the country is working hard to […]
Falling oil prices: Nigerian economy at the mercy of external forces
Though a major oil producing country, Nigeria is not a major force in determining the prices of oil, which is responsible for a huge chunk of its revenue.
Nigeria, sub-Saharan Africa, account for 30% global oil discoveries
Almost 30 percent of global oil and gas discoveries made over the last five years were in sub-Saharan Africa, reflecting growing global appetite for African resources, the World Energy Outlook Special Report said. AfricaThe report, recently released, also said that Nigeria is the richest resource centre of the oil sector, but regulatory uncertainty, militant activity […]
‘Nigeria should not count on higher oil prices’
Amid falling prices of crude oil globally, the Federal Government has been urged not to count on higher prices of the commodity to bolster its finances as they can still go further down. The Chairman, African Capital Alliance, Robert Kramer, stated that it was important to get long term policies right, citing the Petroleum Industry […]
Lagos to join oil producing states in 2015
Lagos State is set to join the league of oil producing states in the country come next year as the joint venture partners on the Aje Field offshore Lagos have taken the final investment decision on the exploration of the field. A group led by Yinka Folawiyo Petroleum Company Limited took the FID to develop […]