All posts by BusinessNews Staff

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  Ondo Commissioner arrests GM Oil company over mismanagement of fund, is demanding for N500,000 monthly-GM

  The Ondo State Commissioner for Industry and Commerce, Mr. Tayo Akinjomo has ordered the arrest of his brother who is the General Manager of Okitipupa Oil Palm Plc, Mr. Henry Olatujoye over the mismanagement of the company....

  • Posted March 8, 2012
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  Fans react as Facebook shuts down in some European countries

  Admins of world’s most popular social network website, Facebook is currently facing serious attack by angry users is some parts of the world as the site went down in many European countries on Wednesday for more than...

  • Posted March 7, 2012
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  Ecological funds: Ministry to face probe -Senate

  The Ministry of Environment would be investigated over perceived mismanagement of the ecological funds, the Senate had said. The upper legislative chambers made this known during the second reading of a bill seeking an Act to establish...

  • Posted March 7, 2012
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  Business Facing, Nigeria’s route to steadfast and sustainable growth and development

  I know of no more encouraging fact, that the unquestionable ability of man to elevate himself is through conscious endeavours. We are therefore what we repeatedly do. I believe excellence then should not be our act but...

  • Posted March 6, 2012
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  Subsidy report: Committee will not bow to any pressure-Lawmaker

  The House of Representatives today vowed not to succumb to treat coming from any group or individuals on the fuel subsidy probe. Speaking with Journalists, the Chairman House committee on Media, Zakari Mohammed disclosed that  members of...

  • Posted March 6, 2012
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  Fuel Scarcity: Ondo residence groans, long queues back in Lagos, Oyo, Osun, Kwara petrol stations

  Panic gripped residence of Ondo State as some Oil Marketers have increased their fuel prices following fuel scarcity that loomed in the state. Apart from Akure, the state capital some Oil marketers in communities like, Owo, Ikare...

  • Posted March 5, 2012
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  Ribadu to Transform Oil industry in 60 days

  The Petroleum  Special Task force on  Tuesday has been given  60 working days within  to probe and clean up the mess in the oil industry. At the moment, the task force is being  headed by  Mallam Nuhu...

  • Posted March 1, 2012
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  Mimiko signs 2012 budget into law

  Ondo State governor, Dr Olusegun Mimiko today signed into law, the N156 billion 2012 budget for the state. Mimiko said the “Caring Heart Budget 111” is with a major objective of completing all the on-going developmental projects...

  • Posted February 23, 2012
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  Reps order reinstatement of 41 sacked

  The House of Representatives Committee on Legislative Compliance on Tuesday ordered the management of Mainstreet Bank Limited to re-absorb the 41 employees of former Afribank Plc, who were sacked in 2002. The committee, which has the responsibility...

  • Posted February 22, 2012
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  NGOs sue CBN, FG over 2011 subsidy payment documents

  The Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi has been sued by two  Non-Governmental Organisations groups, the Socio-Economic Rights and Accountability Project (SERAP) and Women Advocates Research and Documentation Centre (WARDC) over an alleged...

  • Posted February 20, 2012
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