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Environment & Oil &gas

Seplat acquires Exxon’ $1.3bn shallow-water oil assets

Seplat Energy Plc, Nigeria’s biggest independent oil company, has agreed to acquire some of Exxon Mobil Corp.’s assets in the country for at least $1.28 billion. The acquisition will almost triple Seplat’s production volumes, adding…

Daina Chen CIG boss, emerges Nigeria 2021 Auto CEO

...GAC GS8 clinches most fascinating SUV award Paul Ogbuokiri Chief Diana Chen, Chairman/Chief Executive Officer of Choice International Group (CIG), Chief Diana Chen, has been named as Nigeria's Auto CEO of the Year.…

SON seals company manufacturing harmful plastics in Lagos

The Standards Organisation of Nigeria (SON) Wednesday, sealed a plastic company and arrested three persons for producing harmful plastics in Lagos. According to the Director General, SON, Farouk Salim, the enforcement exercise was part…

SON evacuates seized substandard tyres in Ogun

Determined to sustain the current tempo on unwholesome products across the country, the Standards Organisation of Nigeria (SON) Monday evacuated substandard tyres from a warehouse located in a remote area in Ogun State. Recall that the

NNPC finalises new crude-for-fuel swaps for one year

Chidi Ogbuokiri The Nigerian National Petroleum Corporation (NNPC) has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August, sources with direct knowledge of the matter said. The list includes