A Federal High court in Abuja presided over by Justice Ahmed Mohammed on Wednesday set aside the summons by the House of Representatives on the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke to appear before it to answer to allegations that some ten billion naira was spent on a private aircraft charter. Justice Mohammed inRead More →
Barely three weeks after her election as the first female President of the Organization of the Petroleum Exporting Countries (OPEC), the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has been appointed as the President of the Ministerial Meeting of the Gas Exporting Countries Forum (GECF), the first woman to be so appointed by the body.Read More →
Unity Bank Plc, Seplat Petroleum and Sterling Bank Plc are among the stocks that have been penciled down by the Nigerian Stock Exchange, NSE, to join its NSE 30 Index as it finalizes end of year review of the Index.
The composition of the review, which is expected to take effect on January 1, 2015, will also see 7-Up Bottling Co. Plc and Mobil Oil Plc included on the Index, while Total Nig. Plc, Glaxosmithkline, Fidelity Bank, Ashaka Cement and FCMB will be removed.
EXECUTIVE Secretary of the Nigerian Shippers Council, NSC, Hassan Bello, Managing Director of the Nigerian Ports Authority, NPA, Habib Abdullahi; Rector of the Maritime Academy of Nigeria, MAN, Oron, Joshua Okpo, and Managing Director of Starsz Investment Company Limited, Greg Ogbeifun, have been nominated for the Maritime Industry Merit Awards (MIMA).Read More →
ABUJA: Minister of National Planning, Abubakar Sulaiman, says Nigeria can generate about $10.38 billion (N1.7 trillion), if 50 per cent of the current kerosene users in Nigeria switch over to Liquefied Petroleum Gas, LPG by 2018.
Sulaiman stated this in Abuja, at the inauguration of the Inter- Ministerial Committee on Kerosene to Gas Initiative in Nigeria: The Indonesian Model.
The Lagos Chamber of Commerce and Industry, LCCI, has said that mentoring programs can help curb the high level of unemployment in Nigeria.Read More →
Central Bank of Nigeria (CBN) Thursday said that the commemorative centenary notes will be circulated from today across the country.Read More →
The Federal Government has concluded plans to privatise eight new entities in some sectors of the economy by 2015.Read More →
The Central Bank of Nigeria (CBN) said that it would commence disbursement of the N212 billion Nigeria Electricity Market Stabilisation Facility (NEMSF).Read More →
UBA Capital Plc, an investment and asset management arm of United Bank for Africa, will halt its African expansion plan on concern about the spread of the outbreak of Ebola.Read More →
Africa Development Bank (AfDB) has imposed a three year debarment on China First Highway Engineering Co. Ltd. following its admission of fraudulent and collusive practices in an AfDB-financed project. The bank also levied a financial penalty of $18.86 million on the company to support anti-corruption projects on the continent.Read More →
The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Wednesday named oil pipeline vandalism as one of the challenges in the achievements of revenue projections for 2014 budget.Read More →
Buoyed by its success in the last two years where it has emerged as the top sports betting company in Nigeria, the management of Bet9ja has vowed to sustain the tempo with a promise to always reward its agents and pay bonus promptly.Read More →
Adebambo Emuleomo is the Creative Director and organiser of Lekki Fashion week, as well as the Creative Director, Bajola fabrics and leathers.
She holds a BSC in Psychology and a masters degree in Information Systems, University of Portsmouth, United Kingdom- a trained IT specialist.Read More →
The Federal Government has directed all Electricity Distribution Companies, Discos, in the country to patronise local manufacturers in line with the policies put in place by government, designed to strengthen local content development and accelerate growth of the industrial sector.Read More →
Worried by increasing cases of industrial accidents at workplaces in the country, the Federal Government has stepped up efforts at preventing and minimizing industrial accidents, towards ensuring safety of workers.Read More →
The secretary general of the Organization of Petroleum Exporting Countries urged Gulf states to continue investing in oilfield development Sunday, despite sharp falls in crude oil prices.Read More →
The Nigerian Content Development and Monitoring Board (NCDMB) has charged indigenous service companies to explore creative strategies of motivating their staff so as to retain the skills and capacities they have developed within their companies.Read More →
The process for the award of contracts and licenses for oil and gas prospecting in Nigeria is tainted by corruption and collusion, according to a report, the 2014 Nigeria Natural Resource Charter (NNRC) Benchmarking Report.Read More →
Nigeria banks advanced over $2.5 billion, about N437.5 billion, to Indigenous companies for the acquisition of the divested assets of Shell Petroleum Development Company, SPDC, and other oil companies in Nigeria.Read More →
In commemoration of World AIDS Day 2014, Coca-Cola Nigeria Limited in partnership with Friends Africa (Friends of the Global Fund Africa), a pan-African NGO, organised a week long HIV/AIDS outreach in Lagos, enabling about 4,000 persons to take the HIV test.Read More →
The falling oil price has taken its toll on the rig count in Nigeria and its West African oil producing neighbours as the region recorded an eight percent decline in rig utilisation in the month of November.Read More →
Ikeja Electricity Distribution Company Plc (Ikeja Disco) has upgraded its systems to enhance secure, convenient and more efficient payment options.Read More →
Following a fallout from the CMC’s conference that the entertainment industry should seek listing on the Nigerian Stock Exchange, NSE, shareholders are of the view that they cannot list except incorporated by CAC as a company with a productRead More →
Industry leaders from Africa and across the globe have identified technology as a major factor that would enhance food production, health facilities, water production and other things that would improve the standard of living of the people.Read More →
Midwestern Oil and Gas Company Limited in furtherance of its philosophy in health, safety and environmental (HSE) management and personnel motivation has celebrated the company’s seven million man-hours lost time injury free operation (LTI) in Lagos.Read More →
Millions of fish consumers are heaving a sigh of relief as fresh import quotas for fish issued by the Ministry of Agriculture (MOA) has brought down prices across the country.Read More →
The Central Bank of Nigeria, CBN, said 349,343 jobs were created in the economy in the third quarter of 2014. This is contained in the Communique issued by the Central Bank of Nigeria, CBN, after its Monetary Policy Committee Meeting, MPC, held in Abuja.Read More →
It is one of the safest investment products. Yet many people know little about it. The banks are not also helping matters. They rarely inform or educate their customers about it. And why should they, when it is more expedient for them for the customer to invest his money with them via fixed deposit than investing the money in Treasury bill.Read More →
The Sustainable Energy Fund for Africa (SEFA) has approved a $580,000, about N101.5 million preparation grants for the expansion of Green Energy & Biofuels (GEB) Bio-refinery project in Nigeria.Read More →
Kenya’s Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday saying the cost of importing refined products had fallen. Since 2010, every month the east African nation has set a cap on prices of petrol, diesel and kerosene, to protect consumers from unfairly high prices.Read More →
Technical education is a planned programme of courses and learning experiences that begins with exploration of career options, supports basic academic and life skills, and enables achievement of high academic standards, leadership, preparation for industry-defined work, and advanced and continuing education.Read More →