Shell's reentry into the Niger Delta has started yielding expected jumps in production figures as the oil giant prepares to reclaim its status as Nigeria's lead oil and gas producer. Shell Petroleum Development Company (SPDC) weekend declared record gas production for the nation's internal distribution grid targeted at meeting rising industrial and commercial demands in the domestic market.
The Central Bank of Nigeria (CBN) says it has offered for sale N90 billion ($150 million) worth of foreign exchange at the Wholesale Dutch Auction System (WDAS).
The federal government has approved the implementation of a Consolidated Health Salary Structure (CONHESS) for medical health workers in federal medical agencies.
The Federal Executive Council yesterday approved contract for the procurement of 116 cars of Peugeot brand from the Peugeot Automobile Nigeria Limited in the sum of N504, 191, 362.50.
The Governor of Niger State, Dr. Muazu Babangida Aliyu, has declared that the Public Private Partnership initiative is thriving and yielding results in Niger State.
A rights group, Civil Rights Congress (CRC), has challenged Vice-President Goodluck Jonathan's recent declaration as reported in the media that Nigerians will no longer use generators for their industrial and private power needs come next year, adding that it will give the VP N1 million if it becomes a reality.
The cassakero project has targeted the installation of 10,000 small scale bio-ethanol refineries in the 36 states of Nigeria including the Federal Capital Territory (FCT), over the next four years from December 2009 to December 2013 to produce the daily ethanol cooking fuel requirement for 4 million families.
An opinion poll conducted by RMS Group, a multinational market research agency, has shown that Union Bank plc., Intercontinental Bank plc. and United Bank for Africa (UBA), are Nigeria's worst performing banks in 2009.
The National Primary Health Care Development Agency (NPHCDA) yesterday signed a Memorandum of Understanding (MOU) with Galaxy Backbone, an ICT firm, for ICT connectivity for the effective implementation and monitoring of Midwives Service Scheme (MSS).
Stakeholders in traffic management and administration, Mararaba-Nyanya axis, yesterday called for the restriction of heavy duty vehicles on the Abuja-Keffi highway at Kugbo and Nyanya axis.
I want to let every Nigerian know that NITEL was one of the most liquid government companies in this country before government decided to frustrate it out of existence. In this interview with Daily Trust, President of the National Union of Postal and Telecommunications Employees (NUPTE) Comrade Sunday Alasan talks on the best way to reposition the ailing Nigeria Telecommunications (NITEL), the ...
Promasidor Nigeria Limited, the makers of Cowbell, Top Tea and Onga Seasoning, has launched Amila Powdered Juice and Milksy Choco as part of the company's plan to satisfy the customers' need.
Eighteen passengers inside a commercial bus last Friday sustained various degrees of injuries in a fatal accident that occurred at Piri village, along the Abuja-Lokoja highway.
The Private sector in the West African Sub-region is relatively weak and not quite organised to bring about development, the Special Adviser to President Umaru Musa Yar'adua on New Partnership for Africa Development (NEPAD) has said.
The International Oil Companies (IOCs) operating in Nigeria has blamed government for poor measurement and record keeping in the country's oil and gas industry.
The presidency yesterday threw more light on the planned purchase of four new aircraft worth $120million (N31.5billion) by the government.
Work on the roundabout at Sango - Ota on the Ota - Abeokuta Federal Highway is to be completed in February 2010, a contractor handling the project, Julius Berger Nigeria Limited has assured. He gave the assurance at the site when the Minister of Works, Housing and Urban Development, Dr. Hassan Muhammad Lawal, paid an inspection visit.
The Governor of Imo State, Dr. Ikedi Ohakim has assured Imo State citizens living in Lagos State of Free Transport back to the state during the forthcoming Christmas celebrations.
Ghana's enthusiastic efforts to become a major oil industry player in Africa could be short lived, as the country would only mine the 'Black Gold' for just 20 years. Furthermore, data from the World Bank and International Monetary Fund have projected that Ghana could rake a total of $ 247.44million as oil revenues in 2011, which would decline to $1,550 in 2017.
INFRASTRUCTURE development topped the Federal Government's agenda in Capital Expenditure of the N4.07 trillion budgetary proposal for 2010 laid separately before the Senate and the House of Representatives yesterday.
Nigeria signed a 677 million euro ($1bn) pact with the European Union on Thursday aimed at combating corruption and promoting peace in its troubled, oil-producing Niger Delta region.
Pirates suspected to come from Nigeria have attacked an oil tanker off the coast of west Africa, killing a Ukrainian seaman, the commander of Benin's naval forces says.
The Federal Government is proposing to buy four more aircraft for the presidential fleet, according to the 2010 Appropriation Bill sent to the National Assembly yesterday by President Umaru Musa Yar'Adua.
A British high street solicitor laundered huge sums of money in bribes to Nigeria via accounts in Switzerland and France, a London court was told during an extradition hearing yesterday.
The Senate yesterday approved President Umar Yar'adua's additional supplementary budget of N353.6 billion as part of total expenditure for the 2009 fiscal year. This is apart from the initial N3. 049 trillion that was approved by the National Assembly last December for the 2009 fiscal year.
