The Senate yesterday discovered irregularities, duplications and ambiguous provisions in the 2010 budget proposals of the Ministry of Petroleum Resources amounting to N10bn naira.
Following the privatization of the Sky Power Aviation Handling Company (SAHCO) to Skyway Handling Company, workers of the company are to get their severance benefits very soon.
Unic Insurance Plc has recorded a gross premium income of N1.3 billion as against N992 million it recorded in 2007, according to its 2008 financial report. This represents 35 percent growth.
Strategically located in the Central Business District, the National Centre for Women Development, Abuja has witnessed many historic events. From the time it was established by then First Lady, Mrs. Maryam Babangida to commemorate the Better Life Programme for Rural Dwellers and to serve as a meeting place, and a research and development organisation, the Centre has been the venue of many land ...
Former Head of State, Gen Muhammadu Buhari has challenged Nigerian engineers to device means of confronting the many challenges facing the country as a result of the Global economic meltdown.
Bayelsa State government has faulted report that it has squandered N70 billion loan, saying it was " a calculated attempt to smear the administration of Chief Timipre Sylva".
Economic and Financial Crimes Commission (EFCC) yesterday arrested former Sokoto State governor, Alhaji Attahiru Bafarawa, over alleged contract scam amounting to N5 billion.
Following the failure of Commerce and Industry minister, Chief Achike Udenwa, to attend public hearing on a proposed law to review existing bilateral trade agreements between Nigeria and other countries, House of Representatives yesterday threatened to ignore the 2010 budget estimates of the ministry.
All the federal roads that cut across different parts of Ebonyi State have become impassable and are now death traps to motorists and commuters that ply them.
The Group Managing Director/Chief Executive Officer, Afribank Nigeria Plc, Mr. Nebolisa Arah said yesterday that the bank was not planning any retrenchment of staff or contemplating any salary cut of its staff.
THE member representing Ebonyi/Ohaukwu Federal constituency in the House of Representatives, Mrs. Elizabeth Ogbaga, has expressed dissatisfaction over what she called low level of implementation of projects contained in the 2009 budget.
Somali pirates and commercial shipping are engaged in a low-key maritime war off the East African coast.
Since plans by government to deregulate the downstream sector of the oil industry became public knowledge, fuel marketers have intensified efforts in doing what they know how to do best: That is to hoard the product.
A new wave of xenophobic violence in South Africa is gathering intensity, after six Zimbabwean nationals were severely injured in a vicious attack by a mob of local residents in Polokwane, South Africa.
Developing economies dependent on export commodities such as Kenya face uncertain times over persistent volatility of ocean freight charges, a new global maritime report warned.
China has not given up on its attempt to become a player in the Nigerian oil industry. Consequently, the $50 billion offer to the Federal Government to enable it acquire 49 per cent stake is still on the table. This translates to some six billion barrels in oil reserves.
ZIMBABWE and two Chinese investors on Monday signed four multi-million dollar deals that will see the Asian companies investing in the mining and transport sectors.
Somalia's president Sheikh Sharif Sheikh Ahmed on Wednesday visited the country's marine force to urge them in the fight against the piracy along the lawless Somali waters.
In recent years, regional economies have come to the belated realisation that their destinies are tied together.
With marketing friendly pitch at the switch of a button rending the air, Kenya on Wednesday turned another decisive chapter in its quest to join the fast lane of the technological age.
Government has reassured investors in the West African Gas Pipeline (WAGP) that the policy priority for domestic supply would not entail sabotage of the regional fuel grid.
The agitation for local content in the oil and gas industry recently got a boost from the House of Representatives, whose piece of legislation seems the boldest attempt to make Nigerians maximally benefit from the oil and gas endowment in the country.
REPRESENTATIVES of the government, labour, business and civil society have committed themselves to revive the structure that was set up to respond to the electricity crisis that overwhelmed SA early last year.
SA's framework response to the economic crisis has been hailed by all concerned and described as "groundbreaking". Yet a year on, its record of achievement is underwhelming. At most, the total number of jobs saved, thanks to framework-inspired interventions, was 17182.
The World Bank said yesterday that its experience in financing climate change investment projects over the past decade had shown the facility was the best way Africa could contribute to slowing global warming.
