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  • Dutch Court orders Shell Nigeria to pay damages for oil spills

    A Dutch court on Wednesday rejected a bid by a group of Nigerian farmers to have Shell’s parent company held responsible for oil damage, saying only subsidiary Shell Nigeria was responsible for one oil leak. The court...

    • Posted January 30, 2013
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  • Oando’s rigs drill for three years without loss time

    Oando Energy Services Limited, Nigeria’’s leading indigenous provider of swamp drilling rigs services and a subsidiary of Oando Plc, has announced that the OES Teamwork, one its four rigs, has recorded a safety milestone of three years...

    • Posted January 30, 2013
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  • Ifeanyi Uba’s posters take over Awka as judge slams Access Bank over London court order

    A Federal High Court in Lagos on Monday expressed great disappointment with action of Access Bank in ridiculing the Nigerian judiciary and constitution before a London Court, insisting that the development was not only condemnable, but also...

    • Posted January 29, 2013
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  • Reps to probe sale of OML 30 to Heritage Oil

    Nigeria’s House of Representatives on Tuesday resolved to institute a thorough probe into the sale of Oil Mining Licence, OML 30 to an alleged questionable oil exploring company. The job of the investigation was at the Tuesday...

    • Posted January 29, 2013
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  • N1.3b subsidy scam: EFCC’s negotiation with marketers breaks down

    The attempt by two marketers, Aro Sunday Bamidele and Abiodun Kayode Bankole, to negotiate with the Economic and Financial Crimes Commission (EFCC) over the N1.3 billion subsidy fraud preferred against them has failed. Both marketers are standing...

    • Posted January 29, 2013
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  • 65% new businesses die within first 3 years in Nigeria – NASME

    The Nigerian Association of Small and Medium Enterprises (NASME), on Tuesday, said that 65 per cent of new businesses were moribund within the first three years in operation in Nigeria. NASME’s director of public relations, Mr Nerus...

    • Posted January 29, 2013
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  • RMAFC allocate LGs separate account in new revenue formula irrespective of pressure from State Governors

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have disclosed its determination to go ahead and create separate accounts for the Local governments in the anticipated new revenue prescription, irrespective of pressure from Governors. According to a...

    • Posted January 28, 2013
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  • Software start-ups in Nigeria receive boost from Jim Ovia Foundation

    One of Nigeria’s leading Foundations committed to the socio-economic development of the Nation, the Jim Ovia Foundation has restated its commitment to the development of the dynamic and innovative software Industry , by going into partnership with...

    • Posted January 28, 2013
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  • CBN sustains intervention with NTBs

    In the economic report of 2012, the Central Bank of Nigeria (CBN) has said it had sustained its normal call through Open Market Operation (OMO), as it put out for sale, the Nigerian Treasury Bills (NTBs) in...

    • Posted January 26, 2013
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