Don't Miss


Latest News

  • How Cross River state lost N1 billion to fire incidents

    The Government and people of Cross-River State has unfortunately lost over Na1 billion worth of property to fire incidents in this year. This development was disclosed by the State’s director of Emergency Management Agency, (CRSEMA) Mr. Vincent...

    • Posted November 10, 2012
    • 0
  • The Senate Committee will not hesitate to give zero budgetary allocation to the Ministry of Environment – Saraki

    The Ministry of Environment has been cautioned and threatened by the Senate Committee on Environment, following lack of proper records on the expenditure of previous allocations. The Senate Committee on Environment said it would invoke its parliamentary...

    • Posted November 10, 2012
    • 0
  • Ribadu Report: Fashola laments presidency’s delay in probing subsidy culprits

    Lagos State Governor, Mr. Babatunde Fashola (SAN) has blamed the presidency for delaying investigations into the report of the Petroleum Revenue Taskforce. Fashola said this at the 2012 Kuramo Conference themed, “The Global Common Wealth” held in...

    • Posted November 10, 2012
    • 0
  • Electricity Reforms May Be Fizzling Out

    The vigour with which the Federal Government initially pursued its electricity reforms may be fizzling out. The expectation of stable electricity supply is now giving way to the fear that not much should be expected from the...

    • Posted November 9, 2012
    • 0
  • Okada Ban: No Pain, No Gain – Fashola

    Lagos State Governor Babatunde Fashola has urged residents of the state to endure inconveniences accompanying the implementation of the traffic law, especially the restriction of operators of commercial motorcycles, popularly known as okada. The governor spoke during the...

    • Posted November 9, 2012
    • 0
  • Opec Forecasts Decline in Global Oil demand by 2016

    Global demand for fuel from the Organization of Petroleum Exporting Countries will shrink to 29.7 million barrels a day in 2016,  1.4 million less than this year, the  group said Thursday in its annual World Oil Outlook. The  estimate for...

    • Posted November 9, 2012
    • 1
  • Court to Hear Otedola’s N250 billion Suit Against House, Lawan and Tambuwal

    The legal tussle between oil mogul, Femi Otedola and the embattled former Chairman of the House of Representatives Ad-hoc Committee on fuel subsidy probe, Farouk Lawal is set to begin November 23. The date was fixed yesterday...

    • Posted November 9, 2012
    • 1
  • Ribadu report is incomplete, useless- Presidency

    The report submitted by the Petroleum Revenue Special Task Force (PRSTF) headed by Nuhu Ribadu is already losing its credibility just one week after submission, as the neutrality and fair mindedness of Ribadu and his team is...

    • Posted November 9, 2012
    • 4
  • Nigeria’s Refineries Must be Operational by March 2013 – President Jonathan

    The Presidential spokesperson Reuben Abati has said the government is working on the implementation of the various Petroleum sector reports. He said the President wants to complete the Turn Around Maintenance (TAM) rehabilitation of three refineries in...

    • Posted November 9, 2012
    • 0
  • Investigation Uncovers How Diezani Madueke Runs Oil Ministry From Her Living Room

    Nigeria’s controversial oil minister Diezani Alison-Madueke’s management style, which is disrupting the governance structure of the Nigerian National Petroleum Corporation, NNPC, is causing concern in the state oil giant and the industry, a joint investigation by the International Centre for Investigative...

    • Posted November 9, 2012
    • 7
  • Cash Smugglers: EFCC Arrests Two with $250,000, Solid Gold Nuggets Worth N34 Million

    The Economic and Financial Crimes Commission, EFCC has arrested two suspects over an attempt to smuggle more than $238,858 ( two hundred and thirty eight thousand, eight hundred and fifty eight United States Dollars) out of the...

    • Posted November 9, 2012
    • 3
  • Nigerian Economy gets Ratings Upgrade

      Sub-Saharan Africa’s second largest economy Nigeria is on the path of great socio-economic transformation going by the recent ratings of internationally renowned credit rating agency Standards and Poors from ‘B+’ to ‘BB-‘ . The agency believes...

    • Posted November 9, 2012
    • 0
  • Galaxy S3 beats Apple’s Iphone to #1 Smartphone of 2012

        For the past two years the Apple Inc have dominated the technology market with cutting edge Iphone products, winning market research and brand prowess consecutively. But this year that has changed as their biggest competitor...

    • Posted November 9, 2012
    • 1
  • Okonjo-Iweala’s life threatened by Oil Barons

    The life of the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala has been threatened by indicted Oil Barons in the Country. The development is gradually taking away her freedom and rights, with...

    • Posted November 9, 2012
    • 2