Category: Energy/Power

Petrobras Is Divesting Assets ‘$5bn’ Off Its Oil Block Interest In Nigerian

Petroleo Brasileiro SA Logo Petrobras is divesting assets and redirecting investment towards higher-return activities such as exploration and production to finance a five-year, $236.7-billion capital spending plan that is the world’s largest corporate investment program. The Brazil’s state own oil company ‘Petrobras’ has instigated an auction to sell its interest in Nigerian oil fields, a…

Oando Highlights Important of Dividend Payment Out

GCEO, Oando Plc, Wale Tinubu Logo Group Chief Executive Officer, Oando Plc, Wale Tinubu, said he has learnt lesson of dividend payments regularly, therefore, promised investors of high dividend payout going forward as the rights issue to rake in N54.6 billion. Speaking during the Facts-Behind-the-Figures presentation to the management of the Nigerian Stock Exchange (NSE)…

Fuel tanker disaster averted in River State

The National Emergency Management Agency (NEMA) has successfully mobilized the fire service, the police and army to avert impending disaster in Rivers State when a fuel tanker loaded with PMS fell and spilled its contents at 1.00pm on Wednesday night, December 26, 2012. The incidence happened at the popular Igwuruta Roundabout, where a similar disaster…