All posts tagged "headline"

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  Chevron to sell stake in Nigerian oil blocks

  An international oil company operating in Nigeria, Chevron, has announced its intention to divest its stakes in two shallow water oil blocks in the country. The company said on Tuesday the two oil blocks, OML 83 and...

  • Posted June 12, 2013
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  NSE investors staked N101bn on stocks in May

  The total value of equities exchanged by investors on the Nigerian Stock Exchange for the month of May stood at N101.03bn. Findings by our correspondent showed that the amount represented a significant increase of N12.52bn or 14...

  • Posted June 12, 2013
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  FG faults foreign airlines’ claim of market forces on fare disparity

  Federal Government, yesterday, faulted foreign airlines’ claims that their fares were determined by market forces of demand and supply, saying such variables should not apply only to Nigeria. Government, which assured the travelling public that it would...

  • Posted June 12, 2013
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  Main One moves into manufacturing

  Main One, West Africa’s leading wholesale Communications Services Company, recently announced its strategic entry into the nation’s manufacturing sector with bespoke connectivity offerings targeted at FMCGs, manufacturing companies and other businesses resident in the Ikeja, Agbara and...

  • Posted June 12, 2013
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  Sustainable energy, key to Nigeria’s development – ECN DG

  The Director General of Energy Commission of Nigeria, ECN, Prof. Eli Bala, said yesterday that the vision of President Goodluck Jonathan to transform Nigeria’s economy must be backed and supported by Sustainable Energy for All, SE4ALL, for...

  • Posted June 12, 2013
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  Power outage: FG goes after saboteurs

  Minister of Power, Prof Chinedu Nebo, yesterday, inaugurated a technical investigative panel on system collapse to ascertain the major causes of power failure and proffer solution to mitigate future occurrences. The panel, which is the first of...

  • Posted June 11, 2013
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  Port Security: FG gives agencies 45-day ultimatum

  FOLLOWING the ultimatum the United States Government gave to Nigeria to improve on the security situation at the nation’s seaports, the Presidency, yesterday, adduced reason why Nigeria cannot afford to take the threat lightly, saying that “If...

  • Posted June 11, 2013
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  NEITI uncovers $9.8bn unpaid taxes from oil companies, others

  Nigeria Extractive Industries Transparency Initiative, NEITI, has uncovered unremitted taxes amounting to $9.8 billions (N1.538 trillion) by oil companies into the federation account. This came as President Goodluck Jonathan, yesterday, promised that the Federal Government would soon...

  • Posted June 11, 2013
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  Customs intercepts 1,526 cartons of poultry products

  THE Federal Operation Unit (FOU) of the Nigeria Customs Service in Ikeja, Lagos, weekend, intercepted 1,526 cartons of assorted poultry products valued at N6.4million. Confirming the seizure, the Public Relations Officer of the Unit, Mr. Uche Ejesieme,...

  • Posted June 11, 2013
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  Jonathan approves new package for BoI recapitalisation

  The Federal Government has approved plans by the Bank of Industry (BOI) to shore up its capital base by N750 billion. Speaking at a training programme for media practitioners in Lagos, Mr. Joseph Babatunde, General Manager, BOI,...

  • Posted June 11, 2013
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