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All posts tagged "head"

  • Nigerian Oil Firm to Commence Oil Production in Iraq

    Afren, a Nigerian oil company, said it had made concerted efforts in the Kurdistan region of Iraq and has commenced oil exploration at the East Simrit prospect (Simrit-3 well).   According to Afren chairman, Mr. Egbert Imomoh,...

    • Posted September 30, 2012
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  • Samsung triumphs over Apple as Appeal Court Order Review of Galaxy Device Sales Ban

    A U.S. appeal court ordered a lower court to review a sales bar against Samsung’s Galaxy Tab 10.1 won by Apple in a patent disagreement with the South Korean electronics producer.   The order was established ahead...

    • Posted September 29, 2012
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  • Lawmakers Postpone President Jonathan’s Budget Presentation Plans

    The members of the House of Representatives have communicated their inability to host the President next week, following plans by the executive to present the 2013 budget proposal to a joint sitting of the National Assembly on October 4th....

    • Posted September 28, 2012
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  • Nigeria receives $318 million funding from USAID to Prosecute Development Initiatives

    The Federal Government yesterday signed a deal with the United States Agency for National Development (USAID) to develop key projects. The agreement was signed by the Minister of National Planning, Dr. Shamsuddeen Usman. The projects consist of...

    • Posted September 27, 2012
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  • Blacklisted Billionaire Debtors Lobby to Borrow More from Banks

    Serious lobbying has commenced by some billionaire debtors, that were barred by CBN from taking further loans from banks in the country. Sources have revealed that the blacklisted billionaires are on the necks of influential politicians and...

    • Posted September 26, 2012
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  • Nigeria to spend N1.896 trillion on Power, Alternative energy by 2015

    The Federal Government is expected to spend about N1.896 trillion in the power sector come 2015; the timeline for the expenditure is set from 2011. The Head of Service of the Federation, Alhaji Isa Bello Sali who...

    • Posted September 25, 2012
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  • 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
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  • Fed Govt to present Budget for 2013 on October 4

    Yesterday the Federal Government pledged that President Goodluck Jonathan would present the 2013 long awaited budget on October 4. It also said that N710.4 billion on the 2012 budget has until now been released. The outline copy...

    • Posted September 22, 2012
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  • N5000 Note: Jonathan Bursts Sanusi’s Bubble

    Pressure from the National Assembly has forced President Jonathan to cave in on the Central bank of Nigeria’s currency restructuring project leading to the scrapping of the plans for the proposed N5,000 note. Special adviser to the...

    • Posted September 21, 2012
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  • American investors Eye Nigeria’s Agric Sector, Pledge $6 billion

    The minister of Agriculture, Akinwumi Adesina, has disclosed that American investors have committed to spend $6 billion on Nigerian agriculture based projects. The minster disclosed this whilst signing a Memorandum of Understanding (MOU) with the Tony Elumelu...

    • Posted September 20, 2012
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