The China Harbour Engineering Company (CHEC) has injected $1.1billion into the development of the Lekki Port project and automatically becoming the largest shareholder of the project with a 45 years Build, Operate Transfer (BOT) concession period. Addressing maritime journalists yesterday during a media tour of the project site, Managing Director of Lekki
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the Federal Government is in talks with Shell over the planned sale of the company’s stakes in Nigeria’s onshore oil assets. The Nigerian oil and gas industry has in the past two decades seen a surge in the number
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Rivers State Governor, Nyesom Wike has commissioned the newly completed Nigeria Liquified Natural Gas ( NLNG) complex in Amadi Ama, Port Harcourt. NigerDelta Insider reports While commissioning, Governor Wike commended NLNG for siting it's Corporate Headquarters Office building in Port Harcourt. He also condemned the conspiracy of some multinationals who short
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Google has announced new features and looks coming to the Google ecosystem in its annual Google I/O event. Held virtually on YouTube, some of the most exciting announcements were Android 12, changes in Google Workspace, and a new artificial intelligence. Google I/O (aka I/O) is Google’s annual developer conference. In this
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CISOs have an array of ever-improving tools to help spot and stop malicious activity: network monitoring tools, virus scanners, software composition analysis (SCA) tools, digital forensics and incident response (DFIR) solutions, and more. But of course, cybersecurity is an ongoing battle between attack and defense, and the attackers continue to pose
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The British Foreign Secretary, Dominic Raab, has announced £22 million of new investment to build cyber security resilience in developing countries and globally, particularly in Africa and the Indo-Pacific. In a speech delivered at the National Cyber Security Centre’s CyberUk conference recently, Raab announced that the UK would spend about £3
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The Nigerian Content Development and Monitoring Board (NCDMB) has said that it recovered close to $100 million following a forensic audit carried out on all deductions made by some oil and gas companies that were not remitted to the Nigerian Content Development Fund (NCDF). The Executive Secretary, NCDMB, Simbi Wabote, disclosed
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The Managing Director/Chief Executive Officer, Electronic Payplus Limited, Mr. Bayo Adeokun, in this interview speaks about the expansion journey of the smart card and payment solution company. Tell us how the journey of Electronic Payplus started and how has it been so far? Electronic Payplus is a smart card and payment solution provider.
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The Oil and Gas Alternative Dispute Resolution Centre (ADRC) set up by the Department of Petroleum Resources (DPR) has begun sitting to reduce the number of cases that get to the regular courts. In a statement in Abuja, the oil and gas industry regulator noted that the centre has already successfully
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The planned take-off of the 13,000MW Mambilla Hydropower Project, located in Taraba State, has again run into troubled waters with another legal hurdle being mounted by Sunrise Power and Transmission Company (Limited (SPTCL), which is claiming a breach of contract by the federal government. It was gathered that the Nigerian company
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