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Nigerian Business Mogul Wins Forbes Oil & Gas Leader Award

By Admin profile

September 30, 2018

Oil mogul and founder of Aiteo Group, Benedict Peters has been awarded Africa's Oil and Gas Leader of the Year at the Forbes Best of Africa Gala which held at Forbes Headquarters in New York. The award was in acknowledgement of Peters' contributions to oil and gas development in Africa through visionary leadership, distinguished service, and transformational realignment of a sector dominated by international oil companies.

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charges azman air azman air charged safety infractions the nigerian civil aviation authority international civil aviation organization schemes to recapitalize ailing sectors of the economy inefficiency and underdevelopment in financial sector proposed refinery in katsina the three nigeria refineries refineries maintenance cost enough to build three new refineries n300b target credit facility (tcf) for households 30th seminar for finance correspondents and business editors leverage digital economy to drive growth president’s emergency plan for aids relief us invests $85tr globally in fight against hiv/aids us aim to fight hiv/aids government urged to enhance mobilization of savings savings pension funds critical to national development forensic bill the proposed chartered institute benefits of the proposed chartered institute the african economic challenges inter-sectoral framework to help reduce the the african economic challenges the africa advocacy programme aap the lekki deep sea port project progress on the lekki deep sea port project lekki deep sea port project to improve commerce in nigeria pan-african credit rating agency effects of coronavirus pandemic on the insurance industry nigeria insurance industry post the coronavirus pandemic the corporate social responsibility (csr) project free eye cataract surgery premium pension capitalization increase by various banks blue-chip stocks record gains the approval of 47 imtos 47 companies approved to operate as international money transfer operators ao and fa consulting aims to improve nigerian economy improvement in the financial advisory industry flexibility in accounting profession nigeria government to commit $3 billion to the power sector nigeria government to fund power sector to increase megawatts (mws) delay in apapa road construction anlca poor roads in nigeria the lagos state internal revenue service taxable persons file a return of income according to section 41 trade and investment in nigeria fg 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commission infrastructure webinar n1 billion dividends to shareholders africa prudential plc declares n1 billion dividends effects of technology on professional practices benefits of data analytics how businesses enterprises could leverage it to transform their operations and income sec unveils new rules new rules on commodity trading vibrant commodities trading ecosystem ew rules on warehousing collateral management and other requirements. port’s electronic call-up scheme apapa 20th anniversary of nigerian society of engineers (nse) apapa branch misrepresentation in the foreign exchange management nigeria foreign exchange management controversy cbn urged to be proactive in fx management the national institute for legislative and democratic studies toolkit nilds develops a toolkit to enhance the benefit of the extractive industry. turkish airlines accused of violations of workers and trade union rights the nigeria labor congress to suspend turkish airlines congestion in lagos ports manufacturing firms in nigeria stressed about the congestion in lagos ports market capitalisation appreciate by n145 billion renewed appetite lead to an increase in the stock market dollar hits one-year yen rise in stock exchange market european and asian stock markets extended gains global economic recovery unbundling and partial concession of the transmission company of nigeria the responsive iso the power market market capitalization depreciated by n119 billion nigerian stock exchange declined equities the nigeria export processing zones authority a global economic concept that supports speedy infrastructure development africa’s food ecosystem food entrepreneurs in africa: scaling resilient agriculture businesses and discuss the theme preparing the next generation of entrepreneurs to transform africa’s food ecosystem seplat petroleum development company bond $650 million bond by seplat transaction overview of the $650 million bond by seplat starsight energy record growth starsight energy 2020 growth starsight energy growth analysis new banking professional examination and certification programme syllabus cibn ways to address skill issues in banks nigeria loses 20% passenger traffic over emirates etihad’s withdrawal from nigerian airspace the suspension of emirates airline the foreign direct investment the government urged to facilitate industrial growth and promote investment inflows details on the press parley in lagos on tuesday tudo app fintech launches new app tudo to drive digital revolution nigerian fintech outfit xerde limited new app low profitability in the nigerian national petroleum corporation media workshop organised by extractive 360 details nnpc crisis security architecture in kano kano state kano development kano is still nigeria’s investment destination iso 9001:2015 certification award beta computers limited awarded the iso certification pecb management system certificate eko electricity distribution company promises stable power during easter power distribution during eater season nigeria power distribution the approval of telecoms firm's restructuring plan $51m fresh funding of telecoms firm the aim of $51m funding of telecoms firm glo-sponsored tv programme two nigerian change agents to feature in glo-sponsored tv programme nigeria's economic growth rate in 2021 adopt reforms to ensure cost-reflective pricing in energy and other utilities. nigeria’s digital economy ftth as crucial enthronement of a digital economy in nigeria nigeria’s information and communications technologyindustry free medicare to lagos residents revolution plus group offers free medical care to over 1 000 persons lagos free medicare shell oil spill in bayelsa oil leakage at nun river in bayelsa oil spill by the shell petroleum development company ibadan auto spare parts market fire fire at ibadan auto spare parts market tire section cause fire at ibadan auto spare parts market telecoms operators crisis with the commercial banks ussd channels blocked telecoms customers unable to carry out major transactions financial results for fidelity bank plc fidelity bank plc growth fidelity bank plc growth as of december 31 2020 united bank for africa strategic investments in digital banking and technology united bank for africa promised improved returns on key investments mergers and acquisitions to form big-ticket firms experts charge insurers on mergers experts task insurers on acquisitions for big-ticket borrowers benefit from the microfinance institutions mfis smes face financing challenges advantages of doing business virtually effects of virtual business growth on technology nigeria's economy post pandemic. poor privatization deals in nigeria closures and total neglect of the nation's metal industries leads to the lose over n54.2 trillion yearly new sme offerings to increase the insurance market new smes to contribute maximally to the nation’s economy. 500m fund for tech creative sectors nigeria’s creative and technology industries afdb to source the $500m fund project ecobank receives sustainability award ecobank gets a reward for achieving 100 sites starsight presents sustainability award to ecobank fcmb group plc 2020 financial year fcmb posts n199.4b revenue fcmb posts profit apapa-yaba standard gauge rail apapa-yaba standard gauge rail set to begin operstions soon apapa-yaba standard gauge rail to deliver 500 containers daily effects of the waziri jetty closure deport owners urge the president to reopen the waziri jetty plea to reopen the jetty located along the dockyard road dangote commits to agric development dangote industries limited to partner with various tiers of governments all-share index (asi) appreciate by 0.02 per cent companies halt leads to all-share index (asi) appreciation highcap stocks pushes index by 0.02% nigeria as a key market for the business year nigeria was the second-most requested edition the business year 2020 nimasa nrc to revive railway foundry the resuscitation of the century-old railway foundry in lagos nse sustains positive profile capitalization gains n13b blue-chip stocks appreciation oil price volatility in nigeria federal government urged to leverage opportunities in exchange-traded derivatives federal government urged to eliminate the risk associated with oil prices investors fleeing mining sites due to bandits bandits infiltrate mining sites nigeria is losing huge revenue as bandits infiltrate mining sites firms trying to find sustainable ussd pricing model longer-term pricing structure for unstructured supplementary service data group experience loss to stripping operation hiccup a group of licensed customs agents laments n500m daily loss suspension of stripping activities at the bonded terminals in tin can island port complex 428 new oil gas projects to begin in africa nigeria named as one of the biggest crude oil producers in africa financial exchanges stumble end of the week unstable stock markets on friday friday stock exchange markets nigeria government to retain subsidy on premium motor spirit for the next six months petrol subsidy to remain in place for the next five to six months to enable government to carry out wide consultations the lagos- ibadan rail line project minister urges contractors to hasten lagos-ibadan rail project mutual benefits assurance plc operations to boost insurance adoption and market penetration efforts to develop the insurance business and create value purplepay unveils a new digital wallet electronic payment ecosystem a digital app that enables users to receive and send money for free and perform other banking services seamlessly depreciation in nigerian stock exchange analysts foresee a difficult future most all-share index downgraded by 0.13 nigerian breweries (nb) plc final dividend total nb dividend declared in 2020 to n7.51 billion total nb dividends to be paid to shareholders nigeria’s insurance industry downfall nigeria’s insurance industry unsustainability nigeria's insecurity causing the downfall of nigeria’s insurance industry tokyo stocks close down nigeria's investors cautious ahead of japan’s corporate results season tokyo stocks nigeria's islamic banking system the fintech era islamic fintech alibaba shares shares in tech giant alibaba soar the impact of $2.78 billion antitrust fine imposed by china ways to grow nigeria’s gross domestic product the take-off of commodities exchanges in nigeria the benefits of commodities exchanges mtn to put $6 billion value on mobile money unit sale or listing of a minority stake mtn mobile financial service cryptocurrency exchange launch shares on wall street bitcoin hits record high above $62 bitcoin value nigeria embarks on $47.4 billion gas projects nigeria has recorded progress on key gas projects nigeria’s enormous gas resources the publication of the book of states new publication detailing economic potential of states and their performances the federal government has unveiled a publication konn3ct competes for $78b virtual market konn3ct a nigerian meeting app set to compete with zoom google meet and microsoft teams recognition of firms that prioritize innovation and creativity award to recognize firms that prioritize value services for customer benefits yeli’s n10m business support seventeen youths have benefitted from the 2021 youth entrepreneurial and leadership initiative uba business series msme workshop and a capacity-building initiative of the bank uba to support the growth and sustainability of micro small and medium-scale enterprises nigeria-france business council industry minister pledge for the establishment of nigeria-france business council nigeria-france business council to enhance trade relations between the two countries digital substation model to boost power distribution in nigeria power distribution concerns in nigeria commercial flights take off global flight begin post pandemic nigeria record high number of commercial flights since coronavirus pandemic new approach to stimulating investments in energy nigeria faces a critical challenge in attracting investments to the enormous energy inadequate electricity trading the financial markets leverage techniques and tools you can use to make more money what is leverage empowerment programme amber drinks limited amber drinks to empower over 2000 nigerians amber drinks start-up loans concerns over rising inflation and debt sustainability in nigeria release today in nigeria concerns about the persistent increase in domestic prices bua group and axens of franc project signing of a progress acknowledgment statement between bua group and axens of franc bua to complete 200 000bpd refinery before 2025 imf endorses digital money digital money to enhance “faster easier and cheaper” remittance and cross-border payments coinbase makes stock market debut coinbase as the first major crypto business to go public in the u.s. coinbase zar pairs and xngusd octafx introduces new currency pairs new commodity four tradable currency pairs and one commodity/currency pair. adrc to eliminate unnecessary disputes and reduce litigation costs in the oil and gas industry adrc in lagos to help bring down cost of production gas constraint maintenance of jebba power plant and water shortage management in shiroro plant cause nationwide blackout in nigeria the implementation of national roaming services nin-sim exercise guidelines prescribing a regulatory framework union bank reaches 100 installations of starsight power starsight energy completes over 500 sites for its clients in nigeria bua cement company presents drugs and other medical items to seven primary healthcare centres in the wamakko bua cement company donates n10million worth of items the interception of n1.3 billion contrabands nigeria customs service raised debit notes worth n1.3 billion cold relationship between oil companies and their host communities the redrafting of the host community development section of the controversial bill nigeria is creating affordable reliable energy for its populace and transitioning nigeria is in transit for providing cleaner energy in line with the net-zero emissions global target. local airlines spike airfares foreign exchange liquidity crisis effects foreign exchange crisis on airlines oil demand is bouncing back increase in oil demand oil demand despite movement restrictions oil demand post covid- 19 africa's economy an over view of the africa's economy africa's economy post covid the reduction of human contact at the ports nigerian ports achieves 70% digitalization nigerian government explains reduction of human contact at the ports n42 billion debt for the ussd services telcos seek for an intervention of the cbn and ncc banks asked to to pay the n42 billion debt unstructured supplementary service data debt apapa-oshodi-ojota-oworonshoki road project the completion of apapa-oshodi-ojota-oworonshoki road project apapa-oshodi-ojota-oworonshoki road project to be completed in 9 to 10 months e-hailing companies asked to immediately increase fares being charged by the operators uber and bolt strike in lagos uber and bolt drivers threaten to strike until fares are increased insurance companies' obligations increase insurer pays n501million claims great nigeria insurance plc honor claims states’ internally-generated revenues slip state governments’ depend on abuja to fund its expenditures states’ internally generated revenues show two per cent dip in revenue mobilisation ‘dangote sugar investments to promote infrastructure growth’ dangote sugar refinery plc aims to turn nigeria to self-sufficient in sugar production. glo introduces new customer services glo ne services glo betters its customer experience with new services glo's friendly customer service gas-powered engine vehicles flash gas to begin conversion of cars to gas-powered engines from june gas-powered engine vehicles to drive gas utilisation and consumption in the country. nigeria’s national identification project’ ‘local companies advised to manage nigeria’s national identification project’ cryptocurrencies’ impact on diaspora remittances measures to insulate diaspora remittances against the impacts of cryptocurrencies. the launch of onepay for business. onepay for business onepay for business turns mobile phones to pos ending the gas-to-power challenges the perennial challenges facing gas-fired power plants in the country bottlenecks continue to cause power outages nigeria government announces its aim to plans to increase milk production government to provide the needed infrastructure to enhance milk aggregation cbn’s objectives to trade within africa objectives of enabling greater economic growth and creating employment opportunities for the country’s growing population mobile industry eyes zero carbon emission mobile industry aim at combating climate change mobile industry vision 2050 stakeholders decry the state of nigerian seaports stakeholders describe nigerian seaports as underdeveloped stakeholders comments on nigerian seaports mtn to invest $10b on nigeria mtn commits about $10 billion in the next five years to improve infrastructure mtn to improve africa’s telecoms infrastructure smile explains service outage smile recent service outage network upgrade and modernisation activities cause service outage at smile financial literacy as the key to sustainable development banks advocates advocate banks to compensate their customers agusto & co and a2ng assigns global accelerex an a- (stable outlook) agusto & co and a2ng credit ratings biden tax hike proposals rattles at wall street for biden tax hike is biden really considering a tax hike on wealthy stock investors aladdin digital bank launches a digital app digital bank unveils revolutionary app to save borrow make payments nigeria exports over $700m to indonesia over $700m nigeria-indonesia export nigeria export market uba q1 profit rises uba q1 records a 24% profit uba q1 profit in the first-quarter 2021 operations new local airlines routes local airlines rebound with traffic surge the end of liquidity emergency in the airline sector youth unemployment in nigeria boi to tackle youth unemployment bank of industry plans to use tech hub to reduce youth unemployment in nigeria businesses lose $29 billion yearly to poor electricity nigeria poor electricity affects business effects of poor power supply in nigeria the closure of ikorodu road inbound anthony road alternatives following the closure of ikorodu road inbound anthony president buhari overrules dpr and restored 4 oil blocks reason behind the president's overruling dpr and restoring 4 oil blocks to nnpc/addax healthcare investments in africa rise in africa healthcare investments challenges in healthcare in africa greenfield university abduction fg determined to continue fighting all forms of banditry us warns its citizens to reconsider travelling to nigeria nigeria identified as a high-risk area for for ransom terrorism and other security threats dangote’s interest in buying arsenal fc is dangote’s buying arsenal fc? dangote’s plans for buying arsenal fc unity bank increases loan portfolio unity bank gross loan portfolio increased by 94.3% nigerian arnergy gets the attention of bill gates and his billionaires’ friends nigerian arnergy recognized as one of the top companies that will help save the world international flight operations are yet to resume at kano ph airports issuing notice to airmen by the fg and low passenger turnout cause imo state governor’s house attacked imo state governor’s cars burnt imo state governor’s house under attack commercial banks’ loan exposure commercial bank loan portfolio exceeds 20tr national bureau of statistics report tesla reports higher profits tesla reports surging electric vehicle sales tesla upstart’s model 3 becoming the best-selling premier sedan in the world stakeholders charge smes on governance structure stakeholders charge smes on credit management nigeria leads digital revolution paxful has disclosed that it has traded about $1.5 billion with 1.5 million nigerian users on its platform local airlines spend n44b yearly on maintenance homegrown mro yet to be set up six years after it was muted kogi state secures $100 million afdb loan the loan to be channelled to funding special agro-industrial processing zones highcap stocks lift capitalisation by n356 billion market capitalisation appreciate access bank transacted 16.691 million shares worth 122.154 million nigerian politicians own properties worth $400m in dubai politically exposed persons (peps) in nigeria. nigeria’s moribund refineries huge funds being spent on nigeria’s moribund refineries nigeria’s moribund refineries generating minimal revenues for the nation. maritime looking for money to replace existing ships maritime looks to invest $3.4 trillion to replace existing ships olusegun ogunsanya announced as ceo of airtel nigeria to lead airtel in nigeria local airlines to roll out common ticket interlining arrangement that offers customers the benefit of the two airlines using a single ticket unity bank hits 43% profit in q1 unity bank unaudited q1 results nsia value campaign nsia value campaign to offer opportunity to deliver benefits of insurance to consumers cardinalstone financing spv plc n5 billion series one bond on fmdq fmdq securities exchange limited wema bank is commemorating its 76th anniversary wema bank as the longest surviving indigenous nigerian bank started operations in 1945 enforcement of compulsory insurance several insurance firms partner to enhance compulsory insurance improved q1 earnings lift stock market indices market capitalization appreciate by 1.36 per cent new digital currency trading app a mobile app that allows instant exchange of cryptocurrencies using the naira investment announcement inflows in quarter one nigeria received $8.4b investment announcement inflows in q1 investments to boost africa’s economy diversification to boost africa’s economy china’s domination of african economy world youngest crypto billionaire forbes names ethereum cryptocurrency co-founder as the the world youngest billionaire new dg of the delta economic summit group ekenem isichei appointed as the new director-general of the delta economic summit group mtn digital revenue grew by 101 per cent and fintech revenue by 28.5 per cent banks owe mtn n40 billion afdb ifad partner to strengthen africa's food security an alliance to address rising hunger on the continent. the free trade zone scheme nbs nepza partner on export import data in the free trade zone contactless tap-and-go payments and online shopping how nigeria consumers are adopting to the new contactless payment patterns ngx sustains sliding profile capitalization plunges further by n167b ngx extended bearish sentiment to three consecutive trading sessions copper and iron ore demand on the rise copper and iron ore prices hit record highs naira 4 dollar scheme extended fx crisis continue cbn extends ‘naira 4 dollar scheme’ indefinitely as fx crisis continues nigeria marginal field development program marginal fields to help with the development of local content in the oil and gas industry airlines record 73% traffic slump amid restrictions airlines in nigeria have recorded 73.7 per cent slump in passenger traffic for the month of march 2021