International

World Bank to stop financing upstream oil, gas from 2019

The World Bank Group Tuesday said it will stop financing upstream oil and gas after 2019, as part of a wider commitment to global efforts to halt climate change.

"As a global multilateral development institution, the World Bank Group is continuing to transform its own operations in recognition of a rapidly changing world," the bank said Tuesday in a statement.

"The World Bank Group will no longer finance upstream oil and gas, after 2019," it said.

Baru woos foreign Investors for NNPC Mega Projects

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has called on foreign investors to partner with the Corporation in its multi-billion dollar projects expected to come up in the New Year.

Dr. Baru, who made the call in London at the conferment of the Forbes Award on him, said the Corporation would be involved in a number of projects which would require international collaboration.

NSDP: UK University graduates 59 Nigerian Cadets

…As four Bag First Class Honours, Dakuku Hails Capacity Growth
 
The Capacity Building initiative of the Nigerian Maritime Administration and Safety Agency (NIMASA) through the Nigerian Seafarers Development Programme (NSDP) has again received another boost as 59 of the beneficiaries have graduated from the Liverpool John Moores University, United Kingdom.
 
This brings it to a total number of 1,343 graduates of the scheme since its inception from the various institutions in United Kingdom, Egypt, Romania and Philippines.
 

Shell, CEO face criminal charges over Nigeria oilfield deal

A Dutch law firm has asked the public prosecutor in the Netherlands to file a case against Royal Dutch Shell, its CEO and former executives of over what it says were criminal actions relating to a 2011 oilfield purchase in Nigeria.
 
The Dutch authorities are already investigating the oilfield deal, alongside Italian prosecutors, who want to take Shell and Italy’s Eni to trial over alleged corruption on the same oilfield.
 

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