Latest News

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  WHO’s cancer agency: Diesel fumes cause cancer

  Diesel fumes cause cancer, the World Health Organization’s cancer agency declared Tuesday, a ruling it said could make exhaust as important a public health threat as secondhand smoke. The risk of getting cancer from diesel fumes is...

  • Posted June 13, 2012
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  BRIBERY ALLEGATION AGAINST AD-HOC COMMITTEE ON FUEL SUBSIDY: THE INTEGRITY OF THE REPORT CANNOT BE TREATED IN ISOLATION OF THE EMERGING FACTS

  PRESS STATEMENT ON BRIBERY ALLEGATION AGAINST THE HOUSE AD-HOC COMMITTEE ON FUEL SUBSIDY FUNDS: THE INTEGRITY OF THE REPORT CANNOT BE TREATED IN ISOLATION OF THE EMERGING FACTS The bribery allegations rocking the Farouk Lawan led Ad-hoc Committee...

  • Posted June 13, 2012
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  Chevron expects 28 new projects in Nigeria

  FOR the next three years, Chevron Corporation is expecting to launch 28 new projects with a Chevron share of capital of more than $250 million each (about N3.8 billion), from its areas of operation, including Nigeria, Angola...

  • Posted June 13, 2012
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  Delayed projects: EFCC to prosecute corrupt NDDC contractors, officials

  THE Economic and Financial Crimes Commission (EFCC) has concluded plans to collaborate with the Niger Delta Development Commission (NDDC) in prosecuting contractors and officials delaying execution of projects in the region. The EFCC Chairman, Ibrahim Lamorde, said...

  • Posted June 13, 2012
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  New Power Tariff to fetch PHCN N 22.5 billion monthly

  The new Multi-Year Tariff Order (MYTO) initiated on June 1 will reap a colossal N 22.5 billion for the government on a monthly basis. The minister for Power, Bart Nnaji disclosed this while speaking at the Executive Intelligence...

  • Posted June 13, 2012
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  Capital Market Operators welcome Aruma Oteh’s suspension from SEC

  The board of the Securities and Exchange Commission (SEC) yesterday suspended the Director General, Aruma Oteh. In a unanimous decision all the members of the SEC board directed Ms. Oteh proceed on compulsory leave immediately in order...

  • Posted June 13, 2012
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  NCAA grounds Air Nigeria for Audit purposes

  The Nigerian Civil Aviation Authority (NCAA) has suspended the flights of Air Nigeria in order to audit its aircraft and operations. The audit became necessary after pilots and engineers working with the carrier had embarked upon a...

  • Posted June 13, 2012
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  Nigerian Stock Exchange Watch: ASI (+0.27%) Closes Up on Dangote Cement (+2.37%) Price Gain

  The All Share Index close upwards for a second consecutive day due to a significant uptick in the price of Dangote Cement stock. The ASI’s marginal gain helped to close the gap in the month-to-date (-3.75%) losses...

  • Posted June 12, 2012
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  UBA wins awards in Ghana

  UBA Ghana Limited, a subsidiary of United Bank for Africa Plc, has emerged as topmost player in the Ghanaian banking industry. The bank was adjudged ‘Best Bank in Short term Loan Financing’ even as it scooped several...

  • Posted June 12, 2012
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  Femi Otedola vs. Farouk Lawan: Navigating through the Cabal’s Smoke Screen

  With all the allegations and counter-allegations flying around concerning the Femi Otedola and Farouk Lawan bribery incident many Nigerians are confused as to who is actually the culprit in the latest development of the Fuel subsidy scandal....

  • Posted June 12, 2012
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  Gold Drops With Commodities On Concern Europe Crisis Escalating

  Gold declined for the first time in three days, dropping with other commodities, on concern that a bailout of Spanish banks won’t stop the European debt crisis from spreading. Platinum and palladium fell. Immediate-delivery gold lost as much as...

  • Posted June 12, 2012
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  Dangote expands his “cement powerhouse”

  Nigerian billionaire Aliko Dangote commissioned an expansion of his Obajana cement plant on Monday that raised its capacity to 10.25 million tonnes a year, creating what he called a “powerhouse of cement” in Africa and the world....

  • Posted June 12, 2012
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  Power Generation to hit 5,500 Megawatts by Year End

  Minister of Power, BArth Nnaji has disclosed that 1,000 Megawatts will be added to the National Grid by year end. He made the disclosure whilst speaking at the Institute for Security Studies in Abuja on Monday. Nnaji disclosed...

  • Posted June 12, 2012
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  Lawan Never Took any ‘bribe’ from Otedola | Informed IG of Police promptly on Bribery Attempt

  Farouk Lawan released a statement on Sunday through which he denied accepting any bribe money from Femi Otedola to influence the subsidy report. The Chairman of the subsidy probe committee never denied taking $ 500,000 from oil...

  • Posted June 12, 2012
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