ECONOMY

Chevron Funds Deep Water Technology Training for Nigerian Grads

As part of its efforts to assist Nigerians acquire necessary manpower in the deepwater sector of the oil and gas industry, Chevron Nigeria Limited, CNL, is sponsoring qualified young graduates to a training course on Remotely Operated Vehicle, ROV, overseas.

You Can Now Fly Dana Air For Just N7200

“From now till December 2013 our guests will get the best fares starting from as low as N7200 only if they book and pay for their tickets in advance at flydanaair.com,” said Obi Mbanuzuo of Dana Air, in a statement.

New Motor-Tricycle Video Technology For Farmers in Ghana

Two Ghanaian organizations have developed a technology to educate farmers under Ghana’s Integrated Soil Fertility Management (ISFM) component of the Agricultural Value Chain Mentorship Project (AVCMP). The innovation called motor-tricycle video technology comprises of a projector, generator, projector screen, microphones

Schlumberger Announces Second-Quarter 2013 Results

Schlumberger Limited has reported second-quarter 2013 revenue of $11.18 billion versus $10.57 billion in the first quarter of 2013, and $10.34 billion in the second quarter of 2012. Income from continuing operations attributable to Schlumberger, excluding charges and credits, was

GTBank To Buy 70% of Kenya’s Fina Bank

Guaranty Trust Bank (GTBank) says it had reached an agreement to acquire a 70% stake in Kenya’s Fina Bank Limited for $100 million. Fina Bank has total assets of $338 million with operations in Kenya, Rwanda and Uganda. Its agreement

7 Factors to consider when starting a Snail Farm

The act or science of raising snails for food is called Heliculture (Snail farming). Snails belong to the second largest group in the animal kingdom Phylum molusca, among the invertebrates i.e. animal without backbone. Snails are hermaphroditic (capable of self-fertilization)

Lekoil Raises $20 Million for Drilling and Testing in Nigeria

Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa more broadly, announces that it has conditionally raised, in aggregate, gross proceeds of approximately US$20.0 million (approximately £13.2 million) through the placing of,

All Power Labs Partners Nigerian Firms on Biomass

U.S. based All Power Labs (APL) has entered into partnership with Envirocycles Nigeria and Bioenergy Nigeria to demonstrate a pioneering technology for making renewable energy from biomass. According to THISDAY, “the free presentations and workshops would hold in Lagos and

Maintaining Your Inverter: Calculating the Appropriate Battery Load for your Device

I would like to give some quick pointers on the methods of calculating points on electronics that are being used on your inverter’s batteries. These are primary household electronics as stated below: Television Radio Fan Light bulb Fridge Deep Freezer

Chinese Sinosteel Eyes $6bn Nigeria Deal

Chinese state-owned metals trader Sinosteel was in talks to take over a state-owned steel mill in Nigeria and expand its capacity to 5.6 million tons from 1.3 million, Nigeria’s mining minister said yesterday during a visit to Beijing. The steel

Senator Bukola Saraki Speaks On Nigeria’s Climate Change Adaptation

Senator Abubakar Bukola Saraki CON, (Kwara Central, Nigeria), Chairman, Senate Committee on Environment & Ecology and Founding President of GLOBE Nigeria presented a case study on Nigeria’s Climate Change Adaptation legislation at the International Conference on Climate Change Adaptation, policy,

Arik Air Procures New Airbus

Arik Air has announced the procurement of a new A330-200 aircraft to service Bilateral Air Service Agreement (BASA) designated routes, including New York, USA. Capt. Ado Sanusi, Vice-President of the airline, disclosed this while speaking with aviation reporters at the

President Jonathan In China

Chinese President Xi Jinping on Wednesday held talks with visiting Nigerian President Goodluck Jonathan on strengthening bilateral partnership and China-Africa relations. Xi applauded the good development of China-Nigeria ties in recent years and stressed that China is ready to further

President Obama’s Climate Change Policy and the Global Race for Renewable Energy

U.S. President Barack Obama, in June unveiled a climate change action plan detailing how his administration intends to take the lead on climate change, in the States and around the world. He also gave a speech concerning climate change that

GE and USADF Announce $2 Million Challenge in Support of Off-Grid Energy to Power Africa

GE has announced that it will partner with, the United States African Development Foundation (USADF) to launch and co-fund the Power Africa Off-Grid Energy Challenge (the Power Africa Challenge), a three-year, USD $2 million challenge. The funding will award 20

Rich US Universities Looking at Investment Strategies in Africa

AMERICA’S wealthiest universities are venturing into Africa’s fast-growing frontier markets, in search of outsized investment returns that will allow them to offer scholarships, lure star professors and fund research. For sub-Saharan Africa, recognition from these deep-pocketed US institutions, who have

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