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.
Crane Bank has been announced the bank of the year 2009 according to the London-based Financial Times.
As the clamour for the deployment of Broadband continues at the on-going United Nation (UN) organized Climate Change Conference 2009 (COP15), being hosted by the Danish government in Denmark, experts have said that the diffusion of internet based on this model will continue to increase the stake of total emissions of GreenHouse Gas (GHG).
THE Director, Regulatory Affairs, Zain Nigeria, Mr. Osondu Nwokoro, has called on the Federal Government to grant fiscal incentives by way of tax holidays to international submarine cable access providers (ISCA) to soften the impact of the financial investments on their cash flows.
AS a direct response to call for affordable and genuine software applications within the African market, Microsoft, the world's largest software manufacturer, has introduced its Microsoft Office Home and Student 2007 with free training DVD.
The Internet Society (ISOC) and the World Wide Web Consortium (W3C) have revealed an undisclosed donation from ISOC for the purpose of advancement of W3C evolution especially creating open Web standards, for the next three years.
Suburban Telecom West Africa is the largest Internet Protocol (IP)-backbone provider in the region, according to the Group Chief Executive officer, Mr. Bruce Ayonote.
There are indications that the Nigeria Labour Congress (NLC) may back the much talked about deregulation plan of the downstream sector of the oil and gas sector by the Federal Government.
The Joint Military Task Force (JTF) code named Operation Restore Hope in the Niger Delta said it has destroyed over 600 illegal refineries in Gokana Local Government Area of Rivers state, just as seven suspected illegal bunkerers have been handed over to the Economic and Financial Crimes Commission (EFCC)
The incoming Chief Executive Officer of Rwanda Development Board (RDB), John Gara has promised new a momentum in achieving increased investment in flows and growing the Rwandan business community.
The regional transport body, the Northern Corridor Transit Transport Coordination Authority (NC-TTCA), has elected Rwanda's Minister of Infrastructure to head the body's Council of Ministers.
