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ALMOST every economy that has achieved major growth has, as an element of that growth, had a concentrated drive to establish small and micro enterprises (SMEs), inclusive of many coming into being as informal sector operations, but progressively facilitated and motivated to formalise their operations.
The battle to retrieve the 76 oil wells taken from Cross River State and ceded to Akwa Ibom State has shifted to the nation's capital, Abuja.
Senators unanimously on Thursday approved a new law that would prohibit gas flaring and punish oil companies that flout it in Nigeria.
This is the story of South Eastern State, the story of old Cross River State, too. But more importantly, it is the story of the new Cross River and Akwa Ibom States. Two states, one people, one destiny, bonded by geography, history, heritage and blood. And also united so deeply by parentage, marriage, business and friendship.
Following the agreement signed between the NNPC and Gazprom last week in Abuja, Nigeria will today host Algeria and Niger Republic to conclude the Tran-saharan Gas Pipeline project agreement.
The House of Representatives Committee on Public Account yesterday summoned the Accountant General of the Federation, Ibrahim Dankwambo and the Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi over the controversy surrounding the alleged non remittance of 2005 Signature Bonuses accruable to Petroleum Technology Development Fund (PTDF).
THE Gbaramatu Host Communities' Contractors Forum in Delta State undertook yesterday in Warri to beef up security around facilities of oil companies in the area to protect them from further attacks by criminals.
All three Senators and eight members of the House of Representatives from Cross River State yesterday declared a two week hunger strike to protest what they claimed as the unjust transfer of seventy-six oil wells from the State.
THE Niger-Delta River Pilots Union has petitioned Delta State governor, Dr. Emmanuel Uduaghan, over its disagreement with the management of Nigeria Ports Authority (NPA), Warri, urging him to quickly intervene for the ongoing-multibillion naira Federal Government's Escravos-Gas-to-Liquid (EGTL) project not to be disrupted.
FORMER Minister of Information, Chief Edwin Clark; leader of the Niger-Delta Peoples Volunteer Force (NDPVF), Alhaji Mujaheed Dokubo-Asari and the National President of the Ijaw Youth Council (IYC), Dr. Chris Ekiyor, say it is unjustifiable and insulting to the people of the Niger-Delta for the Federal Government to contemplate building a Petroleum Training Institute (PTI) in Kaduna, which does ...
Canadian exploration cooperation, Vangold Resources Limited has agreed with the government of Rwanda to enter into talks for a special exploration license.
Eleven lawmakers representing Cross River State in the National Assembly have embarked on two-weeks hunger strike to press for reversal of the decision of the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) and the National Boundary Commission (NBC) to allocate 76 disputed oil wells to Akwa Ibom State.
Cross River caucus in the National Assembly yesterday began a two-week hunger strike to underscore the seriousness of the pains by the people of the state occasioned by the removal of its 76 oil wells to Akwa Ibom State.
The Senate yesterday passed the Gas Flaring (Prohibition and Punishment) Bill, which seeks, among others, to ensure gas flare out in Nigeria by December 31, next year.
House of Representatives Committee on Public Accounts yesterday raised an alarm that about $1.2 billion which accrued to the Federal Government in respect of the 2005 oil bloc bid round had not been remitted to the appropriate accounts and could not be traced.
Shell Group has finally confirmed that its Nigerian arm, Shell Petroleum Development Company of Nigeria (SPDC), has completely shut down its entire operations in the Western Niger Delta owing to increasing attacks on its workers and infrastructure.
A marketing blunder in Nigeria has got online communities all of a twitter, after a joint oil and gas venture with Russia was named Nigaz, the BBC reported on its website yesterday.
Tullow Oil, the biggest oil exploration company in Uganda, has said it is ready to open its books once the legislation on oil contracts is in place in Uganda.
Angola Oil minister, José Botelho de Vasconcelos, on Wednesday left for China, where he will participate on Friday and Saturday in the Think Tank World Summit, in his capacity as chairperson of the Organisation of Petroleum Exporting Countries (OPEC), Angop has learnt.
Tullow Oil has been exploring oil potential in the Lake Albertine Graben since 2001. Ibrahim Kasita and Els De Temmerman talked to Brian Glover, the business unit manager Uganda. Below are excerpts...
The House of Representatives yesterday asked the Shell Petroleum Development Company (SPDC) to pay N1 billion to Joinkrama 1 community of Rivers State over environmental degradation caused by its operations.
MILITANT leader, Government Ekpemupolo, alias Tompolo, who was declared wanted by the Joint Task Force (JTF) on the Niger-Delta, May 21, has contacted Ijaw leader, Chief Edwin Clark, from his hideout saying he was prepared to accept the Federal Government's amnesty offer.
The House of Representatives has launched investigations into an alleged missing $1.2 billion oil bloc bid round fund that was supposed to be lodged into a provisional account on behalf of the government in 2005.
The House of Representatives yesterday passed a resolution urging the Shell Petroleum Development Company(SPDC) to pay the sum of N1 billion to Joinkrama 1 Community of Rivers State.
President Umaru Yar'Adua finally unveiled the proclamation of amnesty for Niger Delta insurgents last Thursday. The offer of unconditional pardon is valid for 60 days (expiring October 4, 2009) and comes into effect upon the surrender of all equipment, weapons, arms and ammunition, and execution of specified renunciation-of-militancy forms. It also extends to "all persons presently being ...
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