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Kyari Lists Benefits of PIA, Says Law Will Make Nigeria Business Hub, Promote Corporate Governance in Oil/Gas Industry

Kyari Lists Benefits of PIA, Says Law Will Make Nigeria Business Hub, Promote Corporate Governance in Oil/Gas Industry
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PIA Will Promote Corporate Governance, Transparency In Oil And Gas Industry, Says NPPC GMD, Kyari

(AFRICAN EXAMINER) – The Petroleum Industry Act (PIA) just accented to by President Muhammadu Buhari will transform the nation’s petroleum industry into a hub of business opportunities, Mallam Mele Kyari, has said. Kyari, who is the Managing Director of the Nigerian National Petroleum Corporation (NNPC), also said the Act will also attract huge capital globally […] ....

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Nov Inc.: Q2 Earnings Snapshot


HOUSTON NOV Inc. (NOV) on Tuesday reported a loss of $26 million in its second quarter.
The Houston-based company said it had a loss of 7 cents per share. Losses, adjusted for non-recurring costs, came to 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The oil and gas industry supplier posted revenue of $1.42 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $1.37 billion.
Nov Inc. shares have increased slightly more than 2% since the beginning of the year, while the S&P’s 500 index has risen 17%. In the final minutes of trading on Tuesday, shares hit $14.06, a climb of 8% in the last 12 months. ....

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