The Federal Government has said it will carefully scrutinise oil companies that will bid for the takeover of assets that Shell and other oil majors will be divesting from in the country. Shell and ExxonMobil had indicated their interests to divest from onshore and shallow water assets in the country. Speaking at
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Margaret Oguntala has become the first female engineer to win the position of Deputy President of the Nigerian Society of Engineers in its over 63 years of existence. The election filled with so much euphoria was keenly campaigned by contestants. The election which was disclosed by the Society’s Deputy President, Engr. Tasiu
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Google said it has moved to shut down a network of about one million hijacked electronic devices used worldwide to commit online crimes, while also suing Russia-based hackers the tech giant claimed were responsible. The so-called botnet of infected devices, which was also used to surreptitiously mine bitcoin, was cut off
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The United Bank for Africa (UBA) took over 60 percent equity of private investors in Abuja Electricity Distribution Company (AEDC) to recover its acquisition loans KANN, the Nigerian Electricity Regulatory Commission (NERC), has said. The Commission in a joint statement with the Bureau of Public Enterprises (BPE) on Wednesday, also said
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MYSTERY "UFO sounds" recorded from under a lake in the USA have sparked a bizarre alien base conspiracy. But science may have some more mundane explanations as to where this Martian noise is coming from. Recordings taken from Steamboat Springs in Colorado were recorded by an employee of the Colorado Parks and
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Stablecoins have been hailed by many to be a “safer” alternative to cryptocurrencies because of the perception that their values are less volatile. In fact, its perceived value is so immense, that Palau became the first country in the world to make it their nation’s first digital currency. But are stablecoins really
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The Minister of State for Power, Goddy Jedy-Agba, has said the rehabilitation of a turbine and the installation of two new turbines at Kainji Hydropower Plant in Niger State will add 220 megawatts (MW) to the national grid. The minister stated this in Abuja at the signing ceremony of the turbine
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The Nigerian Communications Commission (NCC) has warned telecoms licensees across different segments of the Nigerian telecommunications sector against violating their licensing obligations, even as they were tasked with the provision of robust services to the consumers. NCC’s Board Chairman, Prof. Adeolu Akande gave the warning in his remark at the third
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There are indications that only two per cent of Nigerian heavy energy users, especially those in the industrial sector, are investing towards reducing Co2 emission as most of them are focused on boosting their profit margins. Indeed, foreign investors are worried that many Nigerian companies are not contributing so much to
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Thirty- eight days after it began spewing crude oil and hydrocarbon into the environment, the leaking Oil Mining Lease (OML 29) Santa Barbara south field Well 01, Nembe Local Government Area of Bayelsa State has finally been contained. According to investigations control packages have also been successfully being installed at both
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