Oil prices rise

Oil prices rise Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency. Still, analysts cautioned that a large glut of oil remained, with Goldman Sachs warning that U.S. crude could saturate storage in the coming months. U.S. crude futures were trading at 38.64 dollars a barrel, More...

| Published 1 year ago
By hallmarknews On Wednesday, January 27th, 2016
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NUPENG condemns militants’ vandalism in Niger Delta

  The National Union of Petroleum and Natural Gas Workers (NUPENG) has condemned militants who blew up pipelines in the Niger Delta. The leadership of the union said perpetrators should face the music. Alhaji More...

By hallmarknews On Tuesday, December 1st, 2015
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Oando may not pay dividends

In spite of its strategic acquisitions of ConocoPhillips and Medal Oil last year, Oando Plc which reported a dismal performance in respect of its third quarter 2015 financial profile, may not pay  dividends to More...

By Vera Olubi On Monday, October 26th, 2015
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Kola Aluko: Billion dollar man in the eyes of the storm

By ADEBAYO OBAJEMU  |   Kola Aluko is one of the most elusive , rich and controversial figures in business in Nigeria. He was born October 20, 1969, in Lagos. Aside from his rich pedigree as the son of Chief More...

By Vera Olubi On Monday, October 19th, 2015
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Mercurial Holding’s 17% stake in Fortes Oil: what analysts say

By ADEBAYO OBAJEMU |   Forte Oil plc was in the news throughout last week as  Mercuria Energy Holding SA, the world’s third largest independent energy trader and asset operator, acquired 17 percent More...

By hallmarknews On Thursday, September 3rd, 2015
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Dangote to invest in Zimbabwe’s power, coal sectors

  AlikoDangote has disclosed intention to invest in Zimbabwe’s cement, power generation and coal-mining industries as part of expansion plans in the southern African nation. Dangote Cement Plc may start More...

By hallmarknews On Thursday, September 3rd, 2015
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NERC abolishes ‘imbalance penalty’ against Discos

Stories OREDOLA  ADEOLA The Nigerian Electricity Regulatory Commission, NERC, has announced the removal of a controversial regulation, which penalises electricity distribution companies, Discos, for taking electricity More...

By hallmarknews On Thursday, September 3rd, 2015
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Harmful exports: EU bans Nigeria from exporting beans, melon, others

Senator Joshua Lidani representing Gombe South has raised alarm over the health implication of the consumption of foods containing a high concentration of pesticide among Nigerians. Lidani raised the alarm in an More...

By hallmarknews On Tuesday, September 1st, 2015
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Discos are not prepared for electricity market — TCN

  OREDOLA ADEOLA   The Transmission Company of Nigeria, TCN has disclosed that some of the electricity distribution companies, Discos, are not committed to the transitional and contractual demands of the Transitional More...