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All posts tagged "head"

  • Manitoba TCN Contract Cancellation: Presidency Denies Rift Between Jonathan and Sambo

    The management contract for the Transmission Company of Nigeria awarded to a Canadian firm, Manitoba Hydro International has been cancelled. The presidency disclosed this on Wednesday saying, the contract was cancelled because of a series of infractions...

    • Posted November 15, 2012
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  • Oil Bunkering, Theft, Costs Government an Estimated $7 billion Yearly – IEA

    The International Energy Agency, yesterday disclosed that Nigeria loses about $7 billion to oil theft every year. This information was contained in the agency’s monthly report released on Tuesday, it said, “Oil bunkering, or theft, costs the...

    • Posted November 14, 2012
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  • Shell and Eni in Trouble over Violation of UK Laws in Malabu Oil Deal

    Royal Dutch Shell and Eni may be in trouble with British law enforcement over a $1.1 billion Nigerian offshore oil block the companies bought last year. The OPL 245 block was the asset fraudulently acquired by Dan...

    • Posted November 13, 2012
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  • Oil Wells: Bayelsa State, Others to Refund N17.5 billion to Rivers

    The Federal Government has ordered seven states to refund N17.5 billion to Rivers State following a chain of controversies over the ownership of some wells involving Rivers and Bayelsa States. The affected states are Akwa Ibom, Delta,...

    • Posted November 12, 2012
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  • Cold war in President Jonathan’s cabinet over subsidy probe

    Investigations have revealed that the ongoing probe by the EFCC has caused a division in the Federal Executive Council (FEC) following the indictment of some oil marketers. Although the procedure is done by the Presidential Committee on...

    • Posted November 10, 2012
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  • 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
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  • Senators Caution President Jonathan’s N1.23 trillion Debt Binge

    President Goodluck Jonathan’s plan to borrow externally to the tune of $7.905 billion (about N1.23 trillion) hit the rocks, as the move was criticized by the Senate.   The lawmakers argued that there was no rationale behind such big...

    • Posted November 8, 2012
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  • President Barack Obama wins Second Term as US President

    In what kind be described as one of the most keenly contested U.S Presidential elections in American history. President Barack Obama joined his political mentor Mr William Jefferson Clinton to win a second term as President of...

    • Posted November 7, 2012
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  • Debt Burden: FG Nurses a $9.3bn External Borrowing Plan

      The Federal Government under its 2012-2014 Medium Term External Borrowing Plan forwarded a request to the National Assembly for consideration and approval for its portfolio of concessionary loans totaling $9.3 billion.   The proposal comprises of an earlier...

    • Posted November 6, 2012
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  • American and Chinese Leaders Make Last Minute Preparations for Elections

      Barely 24 hours to  an historic U.S Presidential Elections both Incumbent President Barack Obama and Governor Mitt Romney have taken real time tours to swing states to press home their points on why they should be elected...

    • Posted November 5, 2012
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