The Federal Government has given the special Petroleum Industry Bill (PIB) task force 30 working days to produce a new draft bill for presentation to the National Assembly. The charge was given by the Minister of Petroleum Resources, Mrs. Diezani Aliso...
Trading activities on the Nigerian Stocks Exchange (NSE) yesterday closed in the red as market capitalisation of equities depreciated by N27 billion to close at N6.590 trillion, while the key benchmark indices dropped 84.67 basis points or 0.40 per cen...
Developing countries should prepare for further downside risks, as Euro area debt problems and weakening growth in several big emerging economies are dimming global growth prospects, the World Bank said in the newly-released Global Economic Prospects (...
The Senate yesterday confirmed an upward review of the crude oil benchmark from $70 to $75 per litre for the purpose of the 2012 budget as requested by President Goodluck Jonathan The confirmation came against the backdrop of senate’s approval of...
The Federal Government said that the Board of Nigerian Communications Satellite Limited (NigComSat) which was inaugurated on February 23, 2011, would be exempted from a presidential directive issued in October 2011 dissolving all federal parastat...
Trading activities on the floor of the Nigerian Stock Exchange(NSE) yesterday closed southwards as investors leveraged on the gains of the past few days to take profits. Market watchers attributed the appreciable losses in the twin market indicators to...
Natural disasters such as the huge earthquake and tsunami that struck Japan caused a record $366 billion (285 million euros) damage in 2011, the United Nations Disaster Risk Reduction Agency, UNISDR, said yesterday. A total of 29,782 people were killed...
The construction of a 500 unit housing estate has commenced in Gusau, Zamfara State capital. Called Saraha Homes, it is a result of a housing development partnership involving the state government and Saraha Homes Limited. LEADERSHIP’s Omotola Ol...
For failing to follow due process in the agreement between the ministry of finance and Single Window Technology Limited, the House of Representatives has urged the federal government to nullify the whole concession process. This was part of the recomme...
The Federal Government yesterday approved the sum of N363.6 for the probe of the country’s oil and gas sector as well as its solid minerals counterpart. Government’s decision followed serious concerns raised by the Nigerian Extractive Indus...
Following the growing wave of insecurity in the country coupled with the persistent terrorist attacks in some parts of the country, insurance operators may be working in the direction of introducing insurance cover to protect citizens against haz...
Global airlines alliance, Star Alliance and ARINC Incorporated have completed testing on a new check-in technology that provides a fast common-use bag drop capability. The three-month trial at Tokyo Narita- Airport was supported by Star All...
The Executive Secretary of the Nigerian Christian Pilgrims Commission (NCPC), Mr John Kennedy Opara yesterday in Abuja denied the allegation that he took a one-million-dollar bribe from a Turkish airline to approve it for the transpor...
The Vice President for Africa Region at the World Bank, Ms Obiageli Ezekwesili, would be leaving that post in May this year, according to the World Bank President, Bob Zoellick, in a statement from the Washington DC headquarters of the organisation . A...
A conservative estimate has shown that properties worth N2 billion may have been lost to last Wednesday’s violent protest in parts of the Niger State capital, Minna in the ongoing nationwide protest against the removal of subsid...