Don't Miss


Latest News

  • Total to Sell $20 Billion of Assets as It Raises Output Goal

    Total SA, Europe’s third-largest oil company, plans to sell as much as $20 billion in assets to raise cash for oil and gas projects. Total said it would try to sell $15 billion to $20 billion of...

    • Posted September 24, 2012
    • 0
  • Seawolf Signs N 22 billion Contract on Drilling Rig With Exxon

    Seawolf Oil Services Ltd., a Nigerian offshore drilling company, said it signed a 22 billion naira ($140 million) contract to provide one of its three rigs to Exxon Mobil Corp. The Oritsetimeyin rig will be contracted to ExxonMobil...

    • Posted September 24, 2012
    • 0
  • FG warns companies against hiring contract workers

    Federal Government has said it will penalise companies which engage workers on contract basis. Minister of Labour and Productivity, Chief Emeka Wogu, said this while delivering a lecture, ‘Towards Sustainable Industrial Peace in Globalised Era: Issues, Challenges...

    • Posted September 24, 2012
    • 2
  • New Sandgrouse Market in Lagos to cost N1.5bn

    Lagos State Government has concluded plans to rebuild the popular Sangrouse market in Lagos Central Business District into an ultra-modern facility, using a Public-Private-Partnership arrangement, writes Bennett Oghifo The Sandgrouse market is hemmed between Simpson and Louis...

    • Posted September 24, 2012
    • 0
  • Former Power Minister, Prof. Barth Nnaji and others to face the law for Bank debt – CBN

    The former Power Minister, Prof. Barth Nnaji and other debtors amongst who are Femi Otedola, Alhaji Sayyu Dantata, Sir Johnson Arumemi-Ikhide, are to be handed over to law enforcement agents if they do not pay off their...

    • Posted September 24, 2012
    • 1
  • “We can balance our income with our expenses” – Chelsea confident of meeting up with FFP rules

    Chelsea chief exeuctive Ron Gourlay has insisted that the club are in a positive position to adapt to Uefa’s impending Financial Fair Play (FFP) regulations. The newly instated rules state that, from the 2013-14 season, European football’s...

    • Posted September 24, 2012
    • 0
  • Campaign Trail: Mimiko Vows to Industrialize Ondo state

    Ondo State Governor, Dr Olusegun Mimiko at the weekend assured the people of the State of his determination to revive the ailing industries and establish more with a view to providing jobs for the people and boost...

    • Posted September 24, 2012
    • 0
  • PIB: Lawmakers Move Against Petroleum Minister’s Powers

    As the debate on the Petroleum industry bill is about to enter full throttle, one major area  of concern for lawmakers is the immense powers the legislation provides the Minister of petroleum. According to experts on the...

    • Posted September 24, 2012
    • 2
  • Onosode Appointed Chairman of Investor Protection Fund

    The Nigerian Stock Exchange has constituted the Board of trustees for the investor Protection Fund. The Fund is set up to compensate investors who lose money in the stock market as a result of the bankruptcy, insolvency, negligence...

    • Posted September 24, 2012
    • 0
  • Onne FTZ in Rivers is World’s Fastest Going Free Trade Zone

    The Onne Oil and Gas Free Trade Zone, located in Rivers State has been adjudicated the world’s fastest growing free trade zone. To date total investment in the zone stands at $6 billion (N930 billion), over 150...

    • Posted September 24, 2012
    • 0
  • Shareholders Consent to FCMB/FinBank Merger

    First City Monument Bank (FCMB) Plc would strap up synergies from its amalgamation with FinBank to contend efficiently in the top tier of the Nigerian banking industry.   This declaration drew closer whilst shareholders of FCMB and...

    • Posted September 24, 2012
    • 0
  • Gowon: President Jonathan, We must not let the LNG Train 7 opportunity go to other countries.

    General Yakubu Gowon, GCFR, the ex head of state made this speech while on a visit to Nigeria LNG Limited’s facility in Finima, Bonny Island, Rivers state. AS you may be aware, I devoted almost two decades...

    • Posted September 24, 2012
    • 1
  • Oil Theft Allegation: NIMASA, Capt. Ihenacho on Warpath

    The invasion and occupation of Integrated Oil & Gas company owned by the former Minister of Interior, Capt. Emmanuel Ihenacho, by armed operatives for allegedly receiving stolen cargo loaded with diesel, is causing ripples in the nation’s...

    • Posted September 23, 2012
    • 1
  • Olukayode Oyeleye: Empowering youths through agro-business

    In December 2009, the United Nations General Assembly adopted resolution 64/134 proclaiming August 12 of every year as the International Year of Youth. The celebration commenced on August 12, 2010 and it has since been observed as...

    • Posted September 23, 2012
    • 0