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Lately, the Federal Government is beginning to demonstrate what could pass for a genuine eagerness to transform the long-neglected but oil-rich Niger delta region.
Tragedy struck yesterday in Effurun, an adjoining town of Warri in Delta State, as a gahastly collision involving a tanker-lorry and a commercial bus claimed the lives of five women.
SADC Member States are slowly turning to wind power to boost production and meet the ever-growing demand for electricity in the region, as the need for cleaner and alternative energy sources gains momentum.
THE economic crisis took its toll on Dubai earlier than its steely rulers might like us to believe. The economy of the emirate was built on expatriate labour -- just 10% of the city- state's population are Emirati.
Debswana will spend $3 billion (P20 billion) over the next 15 years on extending the life of Jwaneng Mine.
EMPOWERMENT firm Sekunjalo yesterday posted an operating loss of R28m in the year to August, but CEO Khalid Abdulla said it now had a strong balance sheet to "cherry-pick" assets being sold by cash- strapped owners.
SIMMER & Jack yesterday applied for an urgent interim court order to stop an extraordinary general meeting of shareholders from being convened, in the latest twist in the boardroom battle between the company and its empowerment partner, Vulisango.
FOUR months into the first half of its financial year ending in June next year, Bidvest yesterday warned trading conditions "remain reasonably tough".
JUST before 2pm on Wednesday, thunder was ominously rumbling. Anxious not to endanger my electronic lifeline, I disconnected the PC from the main and unplugged the ADSL line. Just after 2pm, while my communications system was in limbo, Murray and Roberts Holdings (M&R), the first counter bought by the Private Investor portfolio, published its disappointing trading update for the half-year ...
THERE is a danger that the commitment by governments to reform financial systems after the global financial crisis will fade in the euphoria of rising stock markets and asset prices this year.
PRICES at the gates of SA's factories, farms and mines have fallen for six months running, but the rate of decline has slowed.
Workers of the troubled Nigerian Telecommunications Limited and the Nigerian Mobile Telecommunications Limited (Mtel) have threatened the Bureau of Public Enterprises over their unpaid 16 months salary arrears.
Nigeria Customs, Cross River and Akwa Ibom States command, and Calabar Free Trade Zone have realised about N288million for the month of November 2009.
The Federal Government has asked the Central Bank of Nigeria (CBN) to quickly put a stop to the use of girls as prostitutes by new generation banks in the name of target setting.
As part of measures to make the Eid-El-Kabir celebration lively and memorable for Lagosians, the Lagos State government has announced the provision of free bus rides to all the residents of the state today.
Nigeria has signed an LRIT Services Agreement with the International Mobile Satelite Organisation (IMSO), in London, United Kingdom.
As the debate and disagreements between the federal government and the organised labour hots up, Minister of Petroleum Resources, Dr. Rilwanu Lukman, has gone to the World Bank in Washington to galvanise support for the federal government on the Petroleum Industry Bill and the ongoing reforms in the nation's oil sector.
Fin Insurance Company Limited, a subsidiary of Fin Bank Plc, in its 2008 financial year has recorded gross premium income of N875 million as against N513 million last year, showing an improvement of 71 percent.
The Planning, Research and Statistics (PRS) department in the Ministry of Power has no clue as to how to achieve the federal government's target of 6, 000MW of power by December, the Secretary of National Planning Commission (NPC) has said.
Mobil Producing Nigeria (MPN) says it has reach agreement with the federal government to renew its joint venture lease with the Nigerian National Petroleum Corporation (NNPC).
The official organizers of the ongoing Kano International Trade Fair have blamed the low buyer turnout at this year's trade fair on the prevailing economic meltdown and the Sallah celebration.
Koala Bears are to Eastern Australia what Pandas are to China. The same can be said of Gorillas and Uganda. Uganda is home to a little over half of the world's population of these amazing creatures which stands at about 720 individuals and whose year of dedication, 2009, is coming to an end.
The statistics of our country's economy still rate Uganda as predominantly peasant.Peasant life basically entails trying to obtain livelihood from toiling for oneself on one's piece of land. This is usually based on the use of rudimentary implements to work the land. The peasant income is always paltry, worsened by permanent strangulation from higher costs of living.
Orange Uganda and Apple will launch the iPhone 3GS in the country next month after the phone turned heads in the USA and UK. Orange is hoping to target the elite clientele, seeking more value for their money from their cellular phones.
ECONOMIC Development Minister Ebrahim Patel has identified deindustrialisation as a major threat to the South African economy and says the government is going to come up with a plan to fix it.
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