TheHILL | BUSINESS | February 25. Nigerian oil company Seplat has agreed to buy ExxonMobil’s shallow water assets in Nigeria via the acquisition of the U.S. oil company’s Nigerian subsidiary Mobil Producing Nigeria Unlimited (“MPNU”), in what Seplat said was a transformational acquisition for the company. Seplat will pay $1,28 billion for the acquisition. “The […]
TheHILL | BUSINESS | February 17. The Chairman, Senate Committee on Petroleum Resources (Upstream), Obong Bassey Albert Akpan (OBA), has hinted that the Federal Government’s zeal to explore more frontier basins could lead to massive economic gains for Nigeria in the next decade. He made the disclosure when he led members of the Committee to […]
TheHILL | LEGISLATURE | February 12 History will be made in Uyo Local Government Area of Akwa Ibom State on Monday, 14th February, 2022, when the Councillor representing former Ward 10, now 12; Hon. Overflow David Franky, will be hosting his maiden Constituency briefing and empowerment programme. The massive event, which coincides with the […]
TheHILL | NEWS | February 11. Member representing Etinan /Nsit Ibom /Nsit Ubium Federal Constituency, Mr Onofiok Luke has lamented the increase in adulterated fuel sold in Nigeria. He stated this while contributing to the debate on a matter of urgent public importance on: The need to investigate the importation, procurement, release and sale of […]
TheHILL | NEWS | FEBRUARY 1. Ibom Air has once again emerged as the best airline in Nigeria, an award it also won in 2021, its first year of operations. This was disclosed by Mr Ikechi Uko, Organiser, Travellers Award and publisher ATQnews. Uko said this was based on the ranking of Nigerian airlines, using […]
TheHILL | BUSINESS | January 20 An Akwa Ibom entrepreneur and CEO of Shade Cover Group, Engr. Don Bassey, has commended Governor Udom Emmanuel for investing massively in the power, security and other sectors, describing the huge investments as a major boost in his industrialization agenda. Speaking, Wednesday with newsmen at the corporate headquarters […]
TheHILL | BUSINESS | JANUARY 7 The Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this while reacting to the recent marginal drop in the cost of cooking gas. According to findings, the price of […]
TheHILL | NEWS | JANUARY 5 The Akwa Ibom Automobile Vehicle Assembling Plant in Itu Local Government of the State is 99% completed, the Akwa Ibom State Government has declared. Commissioner for Economic Development and Ibom Deep Seaport, Mr Akan Okon, who stated this while briefing the media as part of his annual End of […]
TheHILL | BUSINESS | December 29. Micro Finance Bank, FairMoney says the easiest way to bridge the gap between developed and developing countries in financial activities would be to ensure that every process of banking in the emerging economies is digitized. The MFB which prides itself as a digital bank is promising to deploy its […]
TheHILL | NEWS | NOVEMBER 29. Experts, investors and others have urged the Federal Government to end the prolonged era of foreign exchange, high prices and instability in Nigeria’s Liquefied Petroleum Gas, LPG sector. The President, Nigeria LPG Association, Mr. Nuhu Yakubu, said the association had been engaging with relevant agencies, with a view to […]