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Aiteo
Aiteo Group is an integrated, global-focused Nigerian energy conglomerate founded in February 2008. The company is the successor entity to Sigmund Communnecci Limited. The company focuses in oil and gas exploration and production; bulk petroleum storage; refining of petroleum products; trading, marketing and supply as well as power generation and distribution. History Sigmund Communecci, founded in 1999, was a petroleum products supply and trading company. It owned and operated a petroleum storage terminal in Abonemma Wharf. To fully explore growing business opportunities in the petroleum upstream sector in Nigeria, In February 2008, Sigmund Communecci was restructured, re-positioned and re-branded to ensure it sustainably builds the capacity to diversify globally, attract and nurture top talent, leveraging on strategic alliances and technology. Operations Downstream Aiteo owns and operates petroleum storage facilities in Lagos and Port Harcourt. including the Abonnema S ...
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Benedict Peters
Benedict Peters is a Nigerian billionaire who founded the Aiteo Group, Nigeria's largest indigenous oil producing firm. As of November 2014, he had an estimated net worth of US$2.7 billion. He is ranked by Ventures Africa as the 17th richest person in Africa and the 7th richest in Nigeria. Early life and development Peters hails from Onicha Oloma in Delta state and was born in Abakaliki, Ebonyi State to a banker and a homemaker. He attended Ekulu Primary School, Enugu and Federal Government College Enugu, after which he proceeded to University of Benin, where he obtained a Bachelor of Science (B.Sc) Hons degree in Geography and Town Planning. Career Peters began his career in the oil and gas industry in the early 1990s, working with the founders of Ocean and Oil, the entity now known as Oando Nigeria Plc, Adewale Tinubu, Mofe Boyo and Onajite Okoloko. He moved to MRS Oil Nigeria PLC as Group Executive Director, ending as its Managing Director, before leaving in 1999 to est ...
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OML29
OML 29 is also known as Oil Mining Licence 29. Oil Mining Licence OML is one of the two types of licences issued to oil producers in Nigeria "with validity periods ranging from 5 to 20 years respectively." OML29 is a large block located in the southeastern Niger Delta containing 11 oil and gas fields. OML29 stretches over an area of 983 square kilometres. It includes the Nembe Oil Field, Santa Barbara Oil Field and Okoroba Oil Fields. It also include related facilities like the Nembe Creek Trunk Line NCTL. A 100 kilometres long pipeline with a capacity of 600 thousand barrels per day. Historical overview The initial lease was granted by the Federal Government of Nigeria to Shell Petroleum Development Company in 1964 and renewed after twenty-five (25) years in July 1989, for a term of thirty (30) years expiring in June 2019. OML29 licence was formally held by Shell Petroleum Development Company of Nigeria Ltd Joint Venture (SPDC), comprising Total E&P Nigeria Limited and Nigeri ...
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Nembe Creek Trunk Line
Nembe Creek Trunk Line (NCTL) is a 97 kilometre, 150,000 barrels of oil per day pipeline constructed by Royal Dutch Shell plc and situated in the Niger Delta region of Nigeria. "The Trunk Line is one of Nigeria's major oil transportation arteries that evacuate crude from the Niger Delta to the Atlantic coast for export." It is owned by Aiteo Group, which recently purchased it as part of the related facilities of the prolific oil bloc OML29 from Shell Petroleum Development Company Shell Nigeria is the common name for Shell plc's Nigerian operations carried out through four subsidiaries—primarily Shell Petroleum Development Company of Nigeria Limited (SPDC). Royal Dutch Shell's joint ventures account for more than 21% of ..., SPDC. By March 2015, the Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), completed the assignment of its interest in OML29 and the Nembe Creek Trunk Line to Aiteo Eastern E&P Company Limited, ...
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Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid le ...
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Gernot Rohr
Gernot Rohr (born 28 June 1953) is a German professional football manager and former player who was most recently the manager of the Nigerian national team. Managerial career In 1996, he managed Girondins de Bordeaux to the UEFA Cup final, where they lost to Bayern Munich over two legs, 2–0 away and 3–1 at home. Bordeaux's run to the final included a famous 3–0 win over AC Milan in the quarter-finals. From October 1998 until April 1999 he was sports director of Eintracht Frankfurt. Rohr was fired by Étoile Sportive du Sahel following a third-place finish in the league, outside of the 2010 CAF Champions League places, on 15 May 2009. On 9 June 2009, he was named as the new head coach of the Ligue 2 team FC Nantes, his contract running until 30 June 2011. On 3 December 2009, he was fired by FC Nantes and replaced by Jean-Marc Furlan. On 21 February 2010, Rohr replaced French coach Alain Giresse at the helm of the Gabon national football team. He became manager of Niger na ...
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Nigeria National Football Team
The Nigeria national football team represents Nigeria in men's international Association football, football. Governed by the Nigeria Football Federation (NFF), they are three-time Africa Cup of Nations winners, with their most recent title in 2013 Africa Cup of Nations, 2013. In April 1994, the Nigerian national football team was ranked 5th in the FIFA World Rankings, FIFA rankings, the highest FIFA ranking position ever achieved by an African football team. Throughout history, the team has qualified for six of the last eight FIFA World Cups, missing only the 2006 FIFA World Cup, 2006 and 2022 FIFA World Cup, 2022 editions. They have reached the round of 16 on three occasions. Their first World Cup appearance was the 1994 FIFA World Cup, 1994 edition. The team is a member of FIFA and Confederation of African Football (CAF). History After playing other colonies in unofficial games since the 1930s, Nigeria played its first official game in October 1949, while still a Crown colo ...
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Nigeria Football Federation
The Nigeria Football Federation (known as Nigeria Football Association until 2008) is Nigeria's football governing body. It was formally launched in 1945 and formed the first Nigerian national football team in 1949. It joined CAF in 1959 and FIFA in 1960. The NFF headquarters is located in the city of Abuja. As of 2008 it organises three leagues: The Nigerian Premier League, the Amateur League and the Women's League, and five competitions, including the Federation Cup and Women's Cup. The next Election is slated for 2022 Formation dispute Author and Nigerian football historian Kunle Solaja has found evidence that the Nigerian Football Federation could have been formed in 1933 and not 1945 as previously thought. Solaja cited two ''Nigerian Daily Times articles dated from 21 July and 21 August 1933. The first was an article called titled "Proposed Football Association", the latter was an advert invited people to attend an open meeting. The FA's Public Affairs Officer Davi ...
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Nigerian Electricity Regulatory Commission
Nigerian Electricity Regulatory Commission (NERC) is an independent regulatory body with authority for the regulation of the electric power industry in Nigeria. NERC was formed in 2005 under the Obasanjo administration’s economic reform agenda through the Electric Power Sector Reform Act, 2005 for formation and review of electricity tariffs, transparent policies regarding subsidies, promotion of policies that are efficient and environmentally friendly, and also including forming and enforcing of standards in the creation and use of electricity in Nigeria. NERC was instituted primarily to regulate the tariff of Power Generating companies owned or controlled by the government, and any other generating company which has a licence for power generation and transmission of energy, and distribution of electricity. History Electric power generation in Nigeria began in 1896. In 1929, the Nigeria Electric Supply Company (NESCO) was established. In 1951, the Electric Corporation of N ...
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OML29Nigeriamap
OML (Outline Markup Language) is an XML format for outlines. It was originally proposed by Ray Grieselhuber. The specification is designed to build upon the concepts found in OPML, with the goal of fixing some of its limitations. OML has a structure similar to OPML. Its advocates claim that although it is as simple and as flexible as OPML, its extension mechanism is better than that of OPML. Instead of letting users add attributes freely, OML introduces an <item> element (child element of <outline>); instances of the <item> element may be added freely. The resulting documents are claimed to be easier to parse than equivalent OPML documents. Readers of OPML never know what attributes others may have added to standard elements; so an element the reader wants to parse may contain a mixture of known and unknown attributes. This claimed disadvantage of OPML actually applies to any XML-based format, including OML, because XML namespaces may add attributes to exis ...
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Royal Dutch Shell Plc
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. It is one of the oil and gas "supermajors" and by revenue and profits is consistently one of the largest companies in the world. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters" which ...
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Nigerian National Petroleum Corporation
NNPC Limited is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country's petroleum industry. It partners with foreign oil companies to exploit Nigeria's fossil fuel resources. History NNPC was established on 1 April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources. NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, TotalEnergies, Chevron, and Texaco (now merged with Chevron). Through collaboration with these companies, the Nigerian government conducts petroleum exploration and production. In 2007, the head of the Nigerian wing of Transparency International said salaries for NNPC workers were too low to prevent g ...
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Nigerians
Nigerians or the Nigerian people are citizens of Nigeria or people with ancestry from Nigeria. The name Nigeria was taken from the Niger River running through the country. This name was allegedly coined in the late 19th century by British journalist Flora Shaw, who later married Baron Frederick Lugard, a British colonial administrator. ''Nigeria'' is composed of various ethnic groups and cultures and the term Nigerian refers to a citizenship-based civic nationality. Nigerians derive from over 250 ethnic groups and languages.Toyin Falola. ''Culture and Customs of Nigeria''. Westport, Connecticut, USA: Greenwood Press, 2001. p. 4. Though there are multiple ethnic groups in Nigeria, economic factors result in significant mobility of Nigerians of multiple ethnic and religious backgrounds to reside in territories in Nigeria that are outside their ethnic or religious background, resulting in the mixing of the various ethnic and religious groups, especially in Nigeria's cities.Toyin Fa ...
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