All posts tagged "head"

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  Subsidy Scam: Indicted Fuel Marketers Won’t be Prosecuted – Attorney General

  The Attorney General of the Federation, Mohammed Adoke Bello, has stated that the fuel marketers indicted in the House of Representatives Adhoc fuel subsidy report will not be prosecuted. The attorney general made the statement in a...

  • Posted July 5, 2012
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  Tiger Brands of South Africa reaches Agreement to Acquire major stake in Dangote Flour

  After several months of speculation, Dangote Flour has announced that it will sell a majority stake of its shareholdings to Tiger Brands of South Africa. The deal is subject to Securities and Exchange Commission (SEC) approval, however...

  • Posted July 4, 2012
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  AMCON may List Nationalized Banks on the Stock Exchange

  The Asset Management Corporation of Nigeria (AMCON) is musing over whether to list the banks it nationalized on the Nigerian Stock Exchange. AMCON is exploring several ways of disposing of the banks from its custody and it...

  • Posted July 4, 2012
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  Indigenous firms Win Majority of $ 60 Billion Crude supply contracts

  The Federal government has favoured indigenous companies over foreign companies in the award of crude oil supply contracts worth over $ 60 billion (N 10 trillion). According to information gleaned from Reuters, the government has awarded over...

  • Posted July 3, 2012
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  Petroleum Industry Bill awaits Cabinet Approval – President Jonathan

  Nigeria’s Petroleum Industry Bill will be sent to lawmakers after approval by the cabinet, President Goodluck Jonathan’s office said. Jonathan has told relevant government ministries to evaluate the draft, prepared by a technical committee before presentation to the...

  • Posted July 2, 2012
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  Compromised Petroleum Industry Bill Finally Submitted to President Jonathan

  The Minister of Petroleum Resources has confirmed that the Petroleum Industry Bill (PIB) has been submitted to Mr. President. This move may signal an end to the years of waiting all stakeholders including the Nigerian people have...

  • Posted June 30, 2012
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  US Seizes $ 1,000,000 from Alamieyeseigha under Kleptocracy Asset Recovery Initiative

  The United States Justice Department has seized $ 400,000 from former Bayelsa State governor and Presidential adviser, DSP Alameieyeseigha. The seizure came in the form of a forfeiture execution order, and also targets a $ 600,000 home...

  • Posted June 29, 2012
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  ‘N 422 bn in Subsidy Fraud to be Refunded to Federal Government’ – Aig Imokhuede led Committee

  The Fuel Subsidy Claims committee headed by Managing Director of Access Bank, Aigboje Aig Imokhuede has recommended in its report that N 422 billion be refunded to the Federal Government by oil marketers. The committee includes other...

  • Posted June 28, 2012
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  President Jonathan sacks entire NNPC Executive Board

  President Jonathan has terminated the employment of the entire executive board of the Nigerian National Petroleum Corporation (NNPC), sending them on compulsory retirement. The affected management staff included Austin Oniwon, former Group Managing Director; Michael Arokodare, former ED...

  • Posted June 27, 2012
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  Mainstreet Bank Terminates 800 Employees, Labour Threatens Nationwide Shutdown

  Mainstreet bank, formerly Afribank Nigeria Plc, terminated the services of 800 of its employees last Friday, including 650 members of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), a unit of the Trade...

  • Posted June 26, 2012
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