Home Industry & Commerce

Industry & Commerce

WAMCO posts N18.6b profit

FrieslandCampina WAMCO Nigeria Plc makers of dairy products, Peak, Three Crowns and Friso milk, at its 43rd Annual General Meeting in Lagos, said it recorded a turnover of N120.72 billion. A statement issued by the Corporate Affairs Director, Ore Famurewa...

Nigerian Breweries: Stakeholders Laud ‘Bountiful Harvest’

Nigerian Breweries (NB) Plc, a foremost quoted company on the Nigerian Stock Exchange (NSE), has shown great resilience in its activities that dominate the brewery sub-sector of the Capital Market. Amid tough operating environment which poses great challenge to...

Statoil Could Lose 5% of Agbami Interest Following Expert Calculation

Statoil announced Friday that its equity interest in the Agbami field, located offshore Nigeria, could be reduced by 5.17 percent, following an expert calculation of revised tract participations for the field. Assuming implementation, this calculation will result in Statoil’s equity...

Unclear Policy Environment Behind Job Losses

Unstable policies and programmes in the Nigerian petroleum industry are mainly responsible for uncertainties that aggravate mass job cuts in the sector. Industry labour chieftain, Mr. Hyginus Onuegbu, who spoke in Port Harcourt stated that the massive job cuts in...

Indigenous Producers Deliver 260,000 B/d

Nigerian indigenous exploration and production companies produced about 260,000 barrels of crude oil per day, or 12 percent of the country’s total crude oil production, in August 2015. Although it is an indigenous oil firm, Nigerian Petroleum Development Company (NPDC)...

MOST COMMENTED

Appraisals Confirm Senegal’s Oil Find Massive

Cairn Energy plc has revealed that the SNE-3 appraisal well offshore Senegal has flowed thousands of barrels of oil as a result of two...

HOT NEWS