Latest News
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52% Nigerians still buy petrol above N97/L – NOI Poll
Despite the huge subsidy and petroleum equalisation paid by the Federal Government to enable Nigerians buy petrol at regulated price of N97/litre, the reality is that more than half of Nigerians still buy the product above the...
- Posted July 17, 2013
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NAMA to dismantle illegal telecom masts
Nigerian Airspace Management Agency, NAMA, has given a four-week ultimatum to owners of telecommunication masts at several locations across the country to dismantle them or face sanctions. The agency said the order was to enhance air safety...
- Posted July 17, 2013
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Power situation worsens as Shell shuts down Afam VI
Nigeria’s power situation worsened, yesterday, as Shell Petroleum Development Company, SPDC, shut down its 624 Mega watts Afam VI power plant. Shell, in a statement by Mr. Tony Okonedo, Corporate Media Relations Manager, said the shutdown was...
- Posted July 17, 2013
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Safety relief for air travellers as NCAA presents bill on consumer rights
FRIDAY July 19, 2013 promises to be a land mark in the annals of the Nigeria Civil Aviation Authority, NCAA as well as air travellers in the country. On this date, passengers on both domestic and international...
- Posted July 17, 2013
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Bank indicts EFCC over N2trn seized assets
More facts emerged, yesterday, that the Economic and Financial Crimes Commission, EFCC, may have allegedly tampered with the N2 trillion seized assets and money recovered by the commission. The commission at the moment operates six different accounts,...
- Posted July 17, 2013
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Airtel Nigeria launches Airtel Techies at the shops
Leading telecommunications service provider, Airtel Nigeria, has deployed mobile device/data experts to its shops to provide customers with data and device solutions to boost their product knowledge and enhance their experience on the company’s products and services....
- Posted July 16, 2013
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FG to ban corrupt contractors for five years
Henceforth, any supplier, contractor or service provider that contravenes any provision of the Public Procurement Act of 2007 will be banned from participating in all public contracts for a period not less than five years. This is...
- Posted July 16, 2013
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Lagos loses N1bn annually to illegal billboards — LASAA
Managing Director of the Lagos State Signage and Advertisement Agency (LASAA), Mr. George Noah, has disclosed that the state loses about N1billion in revenue generation annually to illegal outdoor signages located within police, military and other Federal...
- Posted July 16, 2013
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Kaztec, Shell sign $84.5m pipeline contract
Kaztec Engineering Ltd, KEL, a member of the Chrome Group, has won a $84.5 million for the engineering procurement and construction, EPC contract of Shell Nigeria Exploration and Production Company, SNEPCo’s Trans-Niger Pipeline, TNP. The signing of...
- Posted July 16, 2013
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NLNG/NIMASA row: Marketers run to Niger for LPG
The row over levy between the Nigeria Liquefied Natural Gas (NLNG) Limited and Nigerian Maritime Administration and Safety Agency (NIMASA) has forced liquefied petroleum gas, LPG, dealers in the country to import the product from neighboring Niger...
- Posted July 16, 2013
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World Bank faults FG’s management of oil reserves
The World Bank has faulted the Federal Government’s management of oil revenues, and also warned that the country faces serious challenges in sustaining the momentum of its fiscal consolidation and reserves growth. The bank’s warning comes ahead...
- Posted July 16, 2013
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Akinjide charges FCT chairmen, Councilors on good governance, accountability
The Honourable Minister of State for Federal Capital Territory (FCT), Oloye Olajumoke Akinjide, on Tuesday, charged the chairmen and councillors of the six Area Councils in the territory to embrace good governance and accountability. She gave the...
- Posted July 16, 2013
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Lagos To Demolish 30 Houses In Ebute Meta
The Lagos State Government has marked 30 defective buildings for demolition at Ebute-Metta area of Lagos, Southwest Nigeria. The action follows the collapse of a building in the area last week in which eight people died. General...
- Posted July 15, 2013
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NLNG begins gas export this week
The management of the Nigerian Liquefied Natural Gas Limited (NLNG) has concluded plans to deliver liquefied natural gas to major export terminals in Spain, Italy, France and Turkey this week. This followed the out-ofcourt settlement concluded with...
- Posted July 15, 2013