The Asset Management Corporation of Nigeria(AMCON) says it expects five of the nine banks that were bailed out for $4 billion to call extraordinary general meetings by September 30, so shareholders can vote on recapitalisation deals signed with investo...
The federal government in conjunction with Niger Delta Power Holding Company, afirm in charge of National Independent Power Project yesterday approved a budget of N19 billion as compensation on transmission for farmlands and structures that would be de...
The Senator representing Kwara Central in the Senate and former governor of Kwara state, Dr Bukola Saraki, recently visited the state. Afterwards, he engaged newsmen on how the Senate could drive the nation’s economy through the enactment of laws...
President Goodluck Jonathan has approved the creation of four more mandate secretariats for the Federal Capital Territory (FCT). The secretariats, equivalents of ministries in the states, when inaugurated, would bring the number to 10. The FCT minister...
The minister of the Federal Capital Territory (FCT), Senator Bala Mohammed, has reiterated the commitment of his administration to stamp out illegal activities and sanitise parks within the Abuja metropolis. Chairman, Parks Revalidation/Recertification...
A community leader in Masaka, a suburb of the FCT, Ambassador Williams Yaji has decried the indiscriminate dumping of refuse on the road median, by residents of Karu local government and has urged the police to arrest anyone found in the act as to serv...
The minimum wage controversy has refused to die down in Enugu State even after the government at the center has signed the agreements and other states have started paying. NNAMDI MBAWIKE reports. Few months ago, President Goodluck Jonathan signed the N...
The Society of Petroleum Engineers(SPE) have appointed a Nigerian , Mr. Egbert Imomoh as its new honorary president to oversee its activities till 2013. As president, Imomoh, the chairman Afren plc will lead SPE’s international board of directors...
A subsidiary of Chevron, the third-largest oil producer in the country and one of its largest investors, spending more than $3 billion annually has commenced drilling operations in the Agbami field offshore Nigeria using the Pacific Bora drillship. &nb...
The United States government has expressed its willingness to support Nigeria in its quest to end gas flaring. This assurance was given by the US special envoy and Coordinator for International Energy Affairs, Ambassador Carlos Pascual, recently at the...
The Federal Government has been advised to improve in the management of its oil revenue so that the benefits of oil exploration and production could trickle down to the lowest class of people in the country. This counsel was given by the chairman, Parl...
The Nigerian Content Development and Monitoring Board, (NCDMB) said it has developed the Annual Nigerian Content Index, which would index the growth of service companies against their turnover of three preceding years to be carried as 25 per cent compo...
The transition Chairman of Oredo Local Government Council area of Edo state, Prince Ekpe Erediauwa, yesterday disclosed that to boost internally generated revenue (IGR) the council was to adopt an electronic card system in the collection and payment of...
The Action Congress of Nigeria (ACN) in Rivers State has threatened to sue Governor Chibuike Rotimi Amaechi if he fails to back down from his proposed plan to purchase a new aircraft for the state. The ACN also threatened to head for the court to chall...
The return of Governor Liyel Imoke of Cross River State to Government House in the April 2012 elections may not be easy as the opposition within the Peoples Democratic Party (PDP) is working under ground to scuttle his re-election ambition. But Imoke&r...