NNPC/Aiteo Joint Venture Launches Nembe Crude Oil Grade

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The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European Crude Conference in London, on Tuesday. OML 29, an asset located onshore Nigeria, is operated by Aiteo Eastern Exploration & Production Ltd, Africa’s leading indigenous hydrocarbon producer, following a historic acquisition from Shell in…

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C&F Clinches Another Global Brand- Daikin Industries

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Leading reputation capital consultancy and strategic communications leader in West Africa, C & F Porter Novelli, has been appointed to man- age the public relations account of Daikin Industries, a global leader in the manufacture of high-quality air conditioning, heating, ventilation, and refrigeration products (HVAC-R), across major African markets. Daikin Industries is the global leader in developing and manufacturing advanced, high-quality air conditioning, heating, ventilation, and refrigeration products (HVAC-R) and solutions for residential, commercial, and industrial applications. Founded in Japan in 1924, the company strives to combine expertise and experience…

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GlaxoSmithKline loses N7bn In 6 Months, To Halt Nigerian Operations

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…records over N7bn loss in six months Plans are underway by GlaxoSmithKline (GSK) Nigeria to stop doing business after evaluating the options for moving to a third-party distribution model for its drugs and consumer healthcare goods. In statement on Thursday it said: “For the above reasons, and having, together with GSK UK, evaluated various other options, the Board of GlaxoSmithKline Consumer Nigeria Plc has concluded that there is no alternative but to cease operations.” Shares in GSK Nigeria, in which British drug maker, GSK has a 46.4 per cent stake…

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INTERPOL Declares Nigerian Woman Wanted Over N750m Fraud

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A Nigerian businesswoman, Ese Cynthia Daniel, has been declared wanted by the International Police over an alleged N750 million fraud. In an INTERPOL bulletin numbered CR: 3000X/ICPO/ADM/LD/VCP/Vol. 4/93, the declaration followed a warrant of arrest issued by a Magistrates Court in Lagos State to the Nigeria Police Force. The bulletin noted that Ese, who hails from Delta State, conspired with accomplices to fraudulently convert the sum in Lagos, between January 24, and 26, 2023. The suspect allegedly obtained the said amount under the pretence of paying the United States of…

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Nigerian Stowaways Narrate How They Survived On Ship’s Rudder For 14 Days

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Four Nigerian stowaways crossing the Atlantic in a tiny space above the rudder of a cargo ship and rescued by Brazilian police have narrated how they survived the perilous journey. The stowaways narrated how they ran out of food on their tenth day at sea. They survived another four days, according to their account reported on Tuesday by Reuters, by drinking the sea water crashing just meters below them, before being rescued by Brazilian federal police in the southeastern port of Vitoria. Their remarkable, death-defying journey across some 5,600 kilometers…

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Man Divorces 14-year-Old Wife For Allowing Male Doctor Attend To Her

JUSTINA EMMANUEL OKPARA

A man in Katsina State has reportedly divorced his 14-year-old housewife for allowing a male medical practitioner to attend to her while giving birth to his baby. The Executive Director, Nana Women and Girls Initiative, Dr Fatima Adamu, disclosed this, saying the teenage mother, who was divorced by her husband, was said to have had a complicated childbirth, resulting in being rushed to the hospital where there was no female medical practitioner on the ground to attend to her. As a result, the only medical practitioner available to attend to…

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Revelation Paints Wins Industry Leadership Award

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The superior quality and unique standing of Nigeria’s foremost paint maker, Revelation Paints Limited, came to public glare again last week as it was adjudged the best in the country and subsequently awarded the winner in Excellence in Paints Manufacturing Leadership Company of the Year 2023. According to the organisers of the award, Excel Africa Excellence in Corporate Enterprise & Leadership Awards 2023, the award categories, which were meticulously screened by experts before arriving at the decision, saw the decorative paint manufacturer beating other premium brand competitors to clinch the…

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NEXIM Partners Fidelity Bank, Sapphital To Grow Nigeria’s Export Sector

JUSTINA EMMANUEL OKPARA

As part of efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with leading financial institution, Fidelity Bank Plc and Sapphital Learning Ltd. The partnership will help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy (NEXA); an online platform that provides exporters with capacity-building training and access to finance to scale their business. The NEXA platform which was Launched with the support of Sapphital (a digital learning institute) in 2022, is designed to empower…

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Bloomberg: Dangote Reclaims Richest Man In Africa Spot With $15.6bn

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President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index. Dangote, who remains the richest man in Africa for the 12th year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg. Other Africans listed in the latest top 500 world billionaires list for the year 2023…

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Ned Nwoko: How I Missed Joining Ill-fated Titanic Submersible

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While grieving over his friend and partner, Hamish Harding, a passenger in the ill-fated Titan submersible, Nigerian politician Ned Nwoko, on Friday, revealed that he was invited to join the tour of the famous Titanic Ship wreckage. Mr Harding, a British businessman, explorer, and multiple-Guinness World Record holder, including one for the longest time spent traversing the deepest part of the ocean on a single dive, was one of the five people who died aboard the imploded submersible. The politician took to his verified Instagram handle and explained why he…

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