The Nigerian National Petroleum Corporation, NNPC, has pledged its support for the establishment of the proposed Greenfield refinery in Lekki, Lagos State.
As the United Nations Environment Program (UNEP) begins inspection of Niger Delta communities which suffered pollution from oil spills, official sources at the Department of Petroleum Resources have put the total oil spilled in the region over the last two decades at 2.5million barrels.
The nation's interbank lending rates increased to 10.8 per cent on the average last week from 2.5 per cent previously, after a large cash outflow for foreign exchange and treasury bill purchases.
The Minister of Finance, Dr Mansur Muhtar, has said that Nigeria had yet to shake-off the effects of the global financial crisis, in spite of its growth rate."The Nigerian economy has shown greater resilience than most economies in the world," said Muhtar at the News Agency of Nigeria (NAN) Forum yesterday in Abuja.
Union Bank of Nigeria Plc. has aggressively grown its deposits to N729.57 billion according to its half year unaudited group financial results for the year ended September 30, 2009.
An insurance expert has called on the nation's banks and insurers to work together in tackling the challenges of the economic crisis in the country, in order to bring about the progress of the economy.
The Petroleum Technology Development Fund (PTDF) has decried the slow space of work at the College of Petroleum Studies, Kaduna, close to the Kaduna International Trade Fair Complex.
Search for a substantive vice chancellor for the Imo State University (IMSU), has been intensified, barely a year after Prof. Anthony Okere was named acting head of the university. Okere took over in acting capacity from Prof, Chukwuka Okonkwo on December 24, 2008.
The 17 pro-Ladoja politicians, who were roasted to death in a ghastly auto crash in Oyo State over the weekend, were yesterday given mass burial at the Sango Cemetery, Ibadan. At least two persons slumped on sighting the carcass roasted bodies of their loved ones.
The Kebbi Nigerian Union of teachers (NUT) has attributed the disparity in salary of teachers to the inability of some teachers to obtain minimum teaching qualification.
Minister of Mines and Steel Development, Diezani Allison-Madueke, has said that investors coming to the country to work in the solid mineral sector were responsible for the country's lack of expertise in the sector.
Uduak, a top flight secretary with one of the major foreign airlines based in Abuja, has been looking forward to this particular trip. After a whole year of hard work, waking up early in the morning, staying long hours at the office and having to cope with the fast paced life in a cosmopolitan city like Abuja, the Christmas and New Year holidays are rather special.
The managing director of the Lagos Metropolitan Area Transport Authority (LAMATA), Dr. Dayo Mobereola has said that an estimated 7 million passengers ply Lagos roads on a daily basis, which forced it to develop a transport master plan.
Fortune smiled on the way of 44 out of the 49 sacked University of Ilorin lecturers as the Supreme Court yesterday ordered their reinstatement with full benefits.
The Central Bank of Nigeria (CBN), yesterday announced plans to put in place an assets management company in conjunction with the Federal Ministry of Finance, which would take impaired assets off the banks' balance sheets and replace them with government guaranteed bonds.
The federal government of Nigeria has said ONGC-Mittal Energy Ltd, or Omel, has fallen short on pledges to develop the African nation's infrastructure in exchange for rights to explore oil and gas in two blocks awarded to it in 2006.
Shipping companies, already crippled this year by a global trade slump, fear that the Copenhagen climate summit will deliver another hit: a tax on bunker fuel, the thick, sulfuric low-grade oil that powers ships.
The management of Lagos Drivers' Institute has received the consignment of 30 automatic and manual simulators and two truck simulators to aid the training and re-training of drivers at the institute.
BUDGETS, at the three tiers of government, represent annual monetary provisions deliberately packaged and targeted at poverty reduction, wealth creation, accelerated provision of physical and social infrastructures such as energy, water, roads, health and transportation needs of the people. Such budgets which are expected to improve the economic well-being of the nation, have w become an annual ...
Union Bank of Nigeria Plc (UBN) has recorded N729.57 billion deposits according to its half year unaudited financial results for the year ended September 30 2009.
The National Bureau of Statistics weekend disclosed that the telecommunications sector has continued to dominate contributions to the nation's Gross Domestic Product (GDP) among other sectors of the economy with a record of real GDP growth of 34.69 percent in the third quarter of 2009 compared to 33.63 and 34.56 percents recorded in the preceding quarter and corresponding period of 2008, ...
Department of Petroleum Resource, the petroleum industry's regulatory agency is unhappy with its N2.345 billion earnings from gas flare penalty in the third quarter of the year.
The weakening price of equities quoted on the Nigerian Stock Exchange (NSE) impacted negatively on the fortunes of investors last week ended December 11, 2009, forcing market performance indicators to depreciate.
The Supreme Court sitting in Abuja yesterday ordered the re-instatement of the sacked 44 lecturers of the University of Ilorin (UNILORIN) with immediate effect.
The Central Bank of Nigeria has provided clarification for the huge losses declared by banks for the third quarter ending 2009, especially the figures being reported by the nine banks in which it intervened following the results of its special examination released on August 14 and October 2, 2009.
