Henceforth, only rated insurance companies will be considered for oil and gas insurance businesses, as part of an agreement between the Federal Government and multi-national oil companies.
LASACO Assurance Plc has emerged the lead insurer for the $12m insurance account of Exxonmobil's ERHA projects for 2010/2011 along with 21 underwriting companies.
THE National Assembly may suspend consideration of the N158 billion budget proposal for the Federal Capital Territory for 2010 because of alleged acts of defiance by the minister, Senator Adamu Aliero.
ENVIRONMENTAL Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has challenged Shell Petroleum Development Company (SPDC) to admit to allegations of polluting the Niger Delta environment and stop shifting blames.
Tall, slim and ebony-black Mrs. Detoun Ogwo is a beauty to behold any day. Not a few who have encountered her eulogize her poise and sophistication which radiate warmth and humility. Beneath her always-clean looks, however, is her passion to develop the competencies and employment skills of young people, especially fresh Nigerian university graduates.
Determined to beat the December 31 deadline for the return of all unspent funds to government coffers, the House of Representatives Committee on constitution review may have sealed a new deal with the Senate to retire the N2billion voted for the exercise so far.
Oyo State Executive Council approved a N3.1 billion for series of road projects, especially in Oke Ogun area in this dry season.
GOVERNOR Peter Obi has said establishment of Microsoft Academy in the State Secondary Schools would increase job opportunities for students after school. Obi was speaking at the tenth anniversary of Cor Mariae Girls' Secondary school Nkpor.
Indigenes of Abia State resident in various parts of the country who wish to visit home this Christmas, have a cause to smile as the state government has perfected arrangements to provide vehicles to convey them home and back to their stations free of charge.
Stoof International, a German based company of over a century and half experience in developing and manufacturing of special custom made products in the security sector has said the company is in Nigeria to expand its business empire so as to avail itself of the opportunities that abound in the fast growing markets in the country after due consideration of the country's risk profile.
The Executive Chairman of Isialangwa South LGA of Abia State , Chief ACB Agbazuere (Oweh), has donated a brand new Toyota Hilux to the state's police command for anti-crime patrols.
Another round of disagreement between universities' lecturers and non academic counterparts is looming as the Senior Staff of Federal Research Institutes, their Colleges and Allied Institutions in the country are insisting that any form of discrimination in wages should not exist at all.
Investors' last minute preference for banking stocks last week boosted the weekly cumulative performance of the sector's market index by three percent.
Have you ever imagined yourself asleep behind your steering as you cruised over five poles without knowing when you passed those landmarks on that familiar terrain that you had always followed for a long time?
The Nigerian Society of Engineers (NSE) has called on the Federal Government to scrap Federal Roads Maintenance Agency (FERMA) and replace it with the Federal Roads Authority (FRA) as proposed in the 2009 Budget.
Federal High Court, Abuja, has fixed January 19, 2010 for judgment in the case of the transfer of 76 oil wells from Cross River State to Akwa Ibom State.
Nigerian Society of Engineers has called for the privatisation of Power Holding Company of Nigeria Ltd and for the opening up of the entire power sector as a viable means of achieving the government's targets in the energy sector.
Stakeholders in the Agricultural sector, comprising small farm holders and agricultural organisations across Nigeria rose from a three-day meeting where they reviewed the 2010 budget and rejected the allocation of N148, 715,672,952 to the agriculture sector as too paltry.
The Delta State Government has reserved five percent of job openings in any recruitment exercise into the state's public service for qualified physically-challenged persons, the State Governor, Dr. Emmanuel Uduaghan has said.
Governor Sullivan Chime of Enugu State yesterday urged the federal government to find ways of diversifying the nation's economy, insisting that the current dependence on oil by all the various tiers of government might spell doom for the country, especially in the ongoing efforts to realise the Millennium Development Goals.
CLERK of the National Assembly has been told to immediately make available to Nigerians and other stake holders in the oil and gas sector, the true copy of the Petroleum Industry Bill before the House.
On October 2, 2009, the Central Bank of Nigeria (CBN), after the audit of 14 banks in collaboration with the Nigerian Deposit Insurance Corporation (NDIC), took over Equitorial Trust Bank (ETB). In the same mode of "corporate abduction", members of the bank's Executive Management were eased out.
Chairman of Kaltungo local government area in Gombe state, Mr. Shehu Kanar, would live to remember the eve of last Sallah celebration, which was Wednesday, November 25, 2009. On that day, angry workers of the local government aimed for his life, but for the intervention of the police.
Justice Marcel Awokulehin of the Federal High Court, Asaba, Delta state, has again adjourned ruling on the application brought by the former governor of the state, Chief James Ibori's counsel to quash the case of money laundering instituted by the Economic and Financial Crimes Commission (EFCC) against him and others.
The Managing Director, Goldbanc Management Associates, Mr Olu Abayomi Sanya has warned that economic integration would remain elusive until the African Union (AU) addressed the continent's economic challenges. He made the remark at the ongoing 13th African Securities Exchanges Association (ASEA) conference on Friday in Abuja.
