Anambra govt signs S.25m MoU for 40MW power

Story by  ADEBAYO OBAJEMU Anambra State Government has signed a Memorandum of Understandings, MOU, with Zolts Energy Limited, for the construction of a 40-Megawatt embedded power generating plant in Ogbaru Local Government Area of the state. Governor Willie Obiano, said during the signing of the MOU that power being a key enabler in his administration’s More...

by hallmarknews | Published 1 year ago
By hallmarknews On Monday, August 1st, 2016

Epileptic power: Nigerians resort to gas-powered generating set

Stories  by  ADEBAYO OBAJEMU Epileptic public power supply has continued to be a recurring decimal over the years in Nigeria. This has stifled the industrial sector of the nation’s sector as well as caused More...

By hallmarknews On Monday, August 1st, 2016

NUPENG, PTD, IPMAN to work together on petroleum product distribution

Stories  by  ADEBAYO OBAJEMU In line with efforts by the Federal government to ensure efficient petroleum products distribution across the country, the National Union of Petroleum and Natural Gas (NUPENG), Petroleum More...

By Vera Olubi On Sunday, May 22nd, 2016

Oil disruptions speeding up new world energy order

By ADEBAYO OBAJEMU The world’s oil market is rebalancing faster than expected due to several serious outages, including disruptions in Nigeria. But for now, there is enough oil in storage and excess capacity More...

By Vera Olubi On Tuesday, March 15th, 2016

It is cheaper to import petrol than refining locally – Kachikwu

It is cheaper to import petrol than refining locally – Kachikwu Nigeria’s Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu has explained why Nigeria will continue to import Premium Motor Spirit More...

By Vera Olubi On Friday, March 11th, 2016

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, More...

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

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

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...