Bank manager kidnapped in Delta
PANDEMONIUM, yesterday, broke out in Ughelli, the headquarters of Ughelli North Local Government Area, Delta State, following the early morning abduction of the Manager of the Ughelli branch of Zenith Bank, Mr. Innocent Izi by suspected kidnappers.
Union says FAAN, NAMA need free hands to operate
Ministry officials have been called upon to hands off the debt recovery drive of service providers in the industry like Nigerian Airspace Management Agency (NAMA) and the Federal Airports Authority of Nigeria (FAAN).
AfDB to focus on inclusive growth
The African Development Bank (AfDB) Group holds it 2011 Annual Meetings in Lisbon, Portugal from 9-10 June 2011, with the participation of finance ministers, central bank governors and CEOs from the institution’s 77 member countries.
NIPCO declares N56.3 billion turnover profit in 2010
The Nigerian Independent Petroleum Company, NIPCO Plc, has announced a turnover of N56.3 billion for the financial year ended December 2010, a 17 percent increase compared with the N47.9 billion recorded in 2009.
Corporate Trustees hail SEC on market development
The President of the Association of Corporate Trustees (ACT), Mrs. Oluwatoyin Sanni has commended the Securities and Exchange Commission (SEC) on its efforts in the area of market development, monitoring, supervision and rules making.
ExxonMobil blocks: Revocation related to due process – Minister
The Minister of Petroleum resources, Mrs Diezani Alison-Maduake, has explained that the recent revocation of leases on three oil blocks operated by the Nigerian unit of the America Oil giant, ExxonMobil, has to do with procedural issues as well as other cost and legal implications. The revocation were for Oil Mining Leases OMLs 67, 68 and 70, which leases, according to her, expired on March 4, 2011, a development that is being contested by ExxonMobil.
