ALL NEWS

January 21, 2020

Pipeline closure risks taking nearly all Libya’s oil offline

CAIRO: Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national output to a fraction of its normal level, the National Oil Corporation (NOC) said.
The closure, which follows a blockade"...

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January 21, 2020

Electronic Offering Will Reduce Unclaimed Dividends, Attract More Investors’

The acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has said the introduction of electronic offering(e-offering) in the Nigerian capital market will help solve the problems of unclaimed dividends.
According to Uduk, ahead of the planned e-offering,"...

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January 21, 2020

NIWA Decries Property Development on Waterways

The Nigeria Inland Waterways Authority (NIWA) has decried the development of property on waterways without its approval.

The agency has also threatened to shut down Nera hotel, Abuja for infringing on Jabi lake waterways.

"...

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January 21, 2020

UBA Moves to Deepen Intra-African Trade

The United Bank for Africa (UBA) Plc has announced the launch of a flagship product – UBA Connect.

The solution is a service that enables customers of the bank to conduct traditional banking transactions at"...

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January 21, 2020

NSE All-Share Index Rises 0.31% as Equities Market Opens Positively

A total 22 stocks appreciated to lift the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 0.31 per cent to close at 29,710.56 as the market opened for the week on a positive note. Although Law Union & Rock Insurance Plc led the price gainers’ table, appreciation in the shares"...

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January 21, 2020

GECOL tells consumers to expect more hours of power cuts following closure of gas fields

The General Electricity Company of Libya (GECOL) confirmed on Sunday that it had lost more than 300 megawatts of productive capacities produced by the power plants in Zueitina and North Benghazi, after closing the gas fields in the eastern line feeding the two plants.

This"...

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January 21, 2020

Sarraj: Libya will face an economic collapse if oil fields not reopened

Chairman of the Presidential Council (PC) Fayez Al-Sarraj has said that Libya will face a catastrophic situation if Haftar continues blockade on the oil fields.

In an interview with Reuters, he stressed that pressure"...

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January 21, 2020

Annual meeting to present the Petroleum Sanatorium activity for the year 2019.

The annual meeting of Petroleum Sanitarium activity for the year 2019 was held at the headquarters of NOC in Tripoli, headed by NOC Chairman.
The estimated budget, the approved operational budget for the past year, the capital budget, expenditures item and sanatorial targets for the"...

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January 21, 2020

Algeria forms a bridge of relief assistance in support of the Libyan people

The Algerian Red Crescent announced the launch of a solidarity campaign with the Libyan people, through establishing a humanitarian airlift provided by the Algerian army.

In a statement on Monday, the Red Crescent"...

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January 21, 2020

Oil revenues for 2019 exceeded 20 billion USD until the end of November 2019

National Oil Corporation (NOC) reported November 2019 revenues of approximately 1.8 billion USD, a decrease of around 410 million USD (19%) on October 2019 revenues and a decrease of 613 million USD (25%) compared with November 2018. This takes total revenues in 2019 until the end of November"...

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