Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses. Schlumberger Ltd. posted a $10.1 billion loss in 2019, despite relatively flat year-on-year revenues, according to the oilfield services giant’s year-end earnings released Friday. Schlumberger CEO Olivier Le Peuch noted 2019 revenues totaled $32.9 billion and called the company’s overall performance… Continue reading Schlumberger Posts $10B Loss in 2019_Ehiabhi Femi
Category: ECONOMY
NIMET to UNVEIL 2020 Seasonal Rainfall Prediction_Ada Nkong
The Nigerian Meteorological agency ,NiMet says it has established a new National Meteorological training institute in Katsina.The Director General NIMET ,Prof Sani Mashi made this known in a prevent briefing for the 2020 seasonal rainfall prediction.Prof Mashi said "we have also established a new National Meteorological Training Institute in Katsina, where we shall be training… Continue reading NIMET to UNVEIL 2020 Seasonal Rainfall Prediction_Ada Nkong
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Hope Uzodinma Freezes State Account_Ada Nkong
The governor-elect of Imo State, Senator Hope Uzodinma, has ordered all financial institutions where state funds are maintained not to honour any draft till further notice. This comes few hours after the Supreme Court upheld his election as duly elected governor of the state on Tuesday. In a letter addressed to the regional directors and… Continue reading Hope Uzodinma Freezes State Account_Ada Nkong
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Railway Will Make Our Roads Last Longer-Amaechi_Ada Nkong
The Minister of transportation, Rotimi Amaechi says the railway will make transportation of goods faster, as roads will last longer and be less congested.The Minister who spoke during the Good Morning Nigeria show on NTA 24 on January 14, 2020, noted that fixing the Railway system will answer to most of Nigeria's Transportation challenges. According… Continue reading Railway Will Make Our Roads Last Longer-Amaechi_Ada Nkong
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The world is drowning in debt_Omokhodiin Jeff
The world's already huge debt load smashed the record for the highest debt-to-GDP ratio before 2019 was even over. In fact, it broke that record in the first nine months of last year. Global debt, which comprises borrowings from households, governments and companies, grew by $9 trillion, to nearly $253 trillion, in the first nine… Continue reading The world is drowning in debt_Omokhodiin Jeff
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Abule-egba-oshodi BRT corridor to be fastracked_Ehiabhi Femi
As part of the inspection of ongoing projects, the lagos state governor, Babajide Sanwolu visited the Abule-Egba-Oshodi BRT corridor today. The project, which was conceived by the prior government is being fastracked with the intention to address transportation & congestion challenges. Governor Sanwolu stated that: "We are back on the project & have told the… Continue reading Abule-egba-oshodi BRT corridor to be fastracked_Ehiabhi Femi
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Donald Trump is currently a bigger headache for Europe than Iran is_Omokhodion Jeff
This week's escalation in tensions between Iran and the US has exposed an uncomfortable reality for many of America's friends in Europe. When US President Donald Trump called on the UK, Germany, France, Russia and China,the other nations signatory to the Joint Comprehensive Plan of Action, otherwise known as the Iran deal to join him… Continue reading Donald Trump is currently a bigger headache for Europe than Iran is_Omokhodion Jeff
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BRT FARE HIKE: LAGOS COMMUTERS REACT_Ehiabhi Femi
Some commuters in Lagos State on Wednesday expressed dissatisfaction over the proposed increase of fares by the Primero Transport Services Limited, operator of the Bus Rapid Transit (BRT) in the state. The News Agency of Nigeria (NAN) reports that the BRT operator on Tuesday revealed its intention for an upward review of transport fares across… Continue reading BRT FARE HIKE: LAGOS COMMUTERS REACT_Ehiabhi Femi
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AIR FRANCE SUSPENDS FLIGHT IN IRAN AIRSPACE_Ada Nkong
France said Wednesday it has suspended until further notice flying through Iranian and Iraqi airspace after Iran fired ballistic missiles against bases housing US troops in Iraq."As a precautionary measure and following news of air strikes underway, Air France has decided to suspend until further notice all flights through Iranian and Iraqi airspace," an Air… Continue reading AIR FRANCE SUSPENDS FLIGHT IN IRAN AIRSPACE_Ada Nkong
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