Headline News

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  PENGASSAN Justifies DPR’s N27 million per Employee Compensation Budget

  Following the recent revelations concerning the nature of the Department of Petroleum Resources (DPR)...

  • Posted February 10, 2012
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  FG Seeks $600 million Interest Free Facility from Islamic Development Bank (IDB)

  The Federal Government has revealed it is seeking US$600 million or N 93 billion...

  • Posted February 10, 2012
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  Singaporean Olam International Acquires Nigerian Titanium Holdings for $ 167 Million

  Singaporean based Olam International disclosed to regulatory authorities in Singapore that is has acquired...

  • Posted February 9, 2012
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  DPR’s N 30 billion Compensation Controversy: Senate Calls for Employees Register

  After receiving startling revelations last week concerning the 2012 fiscal year N 30 billion...

  • Posted February 9, 2012
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  Former Finance Minister Idika Kalu Drafted to Lead National Refineries Task Force

  Former Finance Minister and foremost economist, Kalu Idika Kalu,  has been drafted by the Federal Government...

  • Posted February 9, 2012
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  Subsidy Panel Indicts International Energy Trading Company Vitol Oil

  The House of Representatives adhoc committee investigating the fuel subsidy regime has made some...

  • Posted February 9, 2012
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  UBA Issues Profit Warning, May record Loss based on Zenon’s Non Performing Loans

  UBA Plc, one of the top banks in the country, has issued a profit...

  • Posted February 8, 2012
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  Senator calls for Petroleum Minister’s resignation

  The Chairman, Senate Committee on Privatisation and Commercialisation, Gbenga Obadara has called for resignation...

  • Posted February 8, 2012
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  Oil Corruption May Threaten Angola, Nigeria, Global Witness Says

  Nigeria and Angola, Africa’s biggest oil producers, have granted stakes in oil fields to companies that may be...

  • Posted February 8, 2012
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  Ghana to Boost Crude Oil Production

  Africa’s latest oil exporter Ghana will ramp up production significantly by 2017. According to...

  • Posted February 8, 2012
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