In appreciation of their long meritorious service to the growth of Bauhaus International Limited, an estate development firm based in Nigeria on Saturday honoured 19 members of the company staff with "Long Service Award " at a ceremony held at the company office in Abuja.
Dr. Otudeko is a seasoned banker and administrator. He was appointed to the Board of FirstBank on May 18, 1997, where he served in various capacities.
Pan-African multinational independent oil firm, Afren plc, has reported upbeat in it's appraisal drilling campaign in the Ebok marginal field, posting strong indications of reserves growth.
Partners have spudded the next well in Sao Tome and Principe (STP) and Nigeria's Joint Development Zone (JDZ).
Indigenous integrated energy firm, Oando, said it has invested over N36 billion in bridging huge infrastructure gap between Nigeria's huge gas reserves and demands in the domestic market.
Federal government has attributed poor performance of the past fiscal budgets to huge fuel price subsidies which it said was 50 percent greater than total capital expenditure in the appropriation scale.
Prospective investors in the proposed Lagos greenfield refinery have secured the support of the Nigerian National Petroleum Corporation in the project which is expected to stream by 1017.
Nipco Plc has said that work has reached about 95 per cent completion on its Compressed Natural Gas (CNG) plant in Benin Edo State.
There are strong indications that the planned deregulation of the downstream petroleum industry will significantly affect the activity in the kitchen of Nigerian homes as kerosene will emerge the costliest fuel in the market.
Nigerian National Petroleum Corporation (NNPC) has declared the need for effective human capacity building to accompany the restructuring in the petroleum industry.
The US Energy Information Administration has raised its forecast of OPEC's oil export earnings for 2010 by $9 billion to $759 billion.
Nigeria's daily average crude oil export in the month of November maintained a steady rise in the production chart of the Organization of Petroleum Exporting Countries (OPEC) even as Nigerian National Petroleum Corporation (NNPC) has declared that total output including condensates have reached 2.4 million barrels per day (mbd).
The delayed passage of the Land Use Act sent by President Umaru Yara'dua to the National Assembly earlier in the year has raised fears amongst property developers.
The new core investor in the Skypower Aviation Handling Company (SAHCOL), Skyway Aviation Handling Company Limited will today take over affairs of the company to Dr. Christopher Anyanwu, the Director General of the Bureau of Public Enterprises (BPE) made this known in Abuja Monday at the signing of the Share/Sale Purchase Agreement (SPA) between the core investor and the BPE. Dr. Anyanwu, charged ...
A TOTAL of US$5 million will soon be disbursed by the Postal and Telecommunications Regulatory Authority of Zimbabwe to local telecommunication companies for expansion projects, under the Universal Services Fund.
THE Central Bank of Nigeria (CBN) has been commended on its efforts so far, to save the banking industry.
POLICE have banned the use of vehicles under Police Officers Wives Association (POWA) Mass Transit Scheme and authorized the immediate confiscation of any vehicles with such inscription in any part of Abia State.
Employees of Multilinks Telkom in Abuja, last weekend, lightened up the lives of some less privileged children at the Abuja Children's Home at Karu, a satellite town in the Federal Capital Territory (FCT) with Christmas gifts and party.
House of Representatives yesterday initiated moves to curb the growing demands by states for foreign loans.
Kampala Central Division councillors have criticised city senior staff over the deteriorating city roads. The councillors urged their superiors to either take corrective action, or surrender the roads to the Ministry of Works. "We have always released funds but nothing is being done on the ground. Potholes are all over the city, a clear indicator that there in no will in our staff," Central ...
Hundreds of Ugandan engineers have left the country to seek greener pastures abroad creating a vacuum in the construction sector, Daily Monitor has learnt. Prof Jackson Mwakali, the chairperson of the Engineers Registration Board says half of the 649 registered engineers have left the country in search for greener pastures.
Kampala University has invested a lot in new technology which will help their students create jobs rather than seek for them. The technology has been mainly engaged in the new courses that are offered to students to help them become professionals.
The closure of Buganda Kingdom's Central Broadcasting Service (CBS) and Suubi FM radio stations has led to a loss of over Shs3b. CBS board of directors chairman Mr Kaaya Kavuma says the closure of the radio is unfortunate to the owners, listeners and advertisers and had caused a huge financial loss.
The World Bank has approved a Shs368.6 billion ($190 million) International Development Association credit to improve the connectivity and efficiency of the transport sector in Uganda.
The quality of telecommunication services in Uganda is below the required standard set by the government and the International Telecommunications Union, a new study based on responses from more that 500 subscribers, has revealed.
