PENGASSAN threatens strike action over expatriate quota

PENGASSAN threatens strike action over expatriate quota

By Jimitota Onoyume Port Harcourt – Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to call out its members in Rivers state on strike should the management of Remm/Siramex, an oil servicing company in Port Harcourt fail to address what it termed abuse of its expatriate  quota. Meanwhile, workers of the […]
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Nigeria pledges to send peacekeepers to Somalia

Nigeria pledges to send peacekeepers to Somalia

Nairobi — Nigeria has reiterated its pledge to contribute troops to peacekeeping efforts in Somalia once the logistical and political issues surrounding the deployment is settled.

Nigerian in Dutch jail petitions reps

Nigerian in Dutch jail petitions reps

A Nigerian businessman, Emmanuel Chukwugozie Okeke, jailed in Holland in questionable circumstances for over one year now, has been reported to Mrs. Abike Dabiri-Erewa, Chairman of the House of Representative Committee on Diaspora.

11 passengers die in Lokoja accident

11 passengers die in Lokoja accident

ELEVEN persons were burnt beyond recognition at the Muritala Mohammed Bridge in ghastly auto accidents involving a Toyota Hiace bus in Banda, Kotonkare LGA of Kogi State yesterday.

Bank Debts: Our inclusion is an error, Obat Oil tells CBN

Bank Debts: Our inclusion is an error, Obat Oil tells CBN

He said it was a serious mistake on the part of the bank to have included its name among the debtors.
The apex bank had stated in an advertorial that the company was owing over N5 billion in Oceanic Bank PLC and Intercontinental Bank PLC.

Uduaghan’s security aide kidnapped

Uduaghan’s security aide kidnapped

SUPECTED kidnappers have seized the wife of the Senior Special Assistant to the Delta State governor on Security Matters, Mrs. Mary Diden.

Number game, how deep is the hole in the banks

Number game, how deep is the hole in the banks

As the controversy over the injection of funds into the five banks in the country continues to rage more facts are beginning to emerge. Available data from industry study as at March 2009 provide an insight into developments in the industry. The data indicate that as at March 2009, 18 out of the 24 banks operating in the country total loan portfolio stood at N 4.4595 trillion.

How bad loans can be recovered  — Jimoh Ibrahim

How bad loans can be recovered — Jimoh Ibrahim

It was an unprecedented action in the recent history of the Nigerian banking industry, when the new Governor of the Central Bank of
Nigeria (CBN), Mr. Sanusi Lamido Sanusi, last Friday sacked five bank Managing Directors in one fell swoop. As rightly described by some commentators, it was a “sunami”.

Age Scandal:  NFF recalls  Eaglets from Bauchi camp

Age Scandal: NFF recalls Eaglets from Bauchi camp

ABUJA–Not comfortable with the result of the magnetic resounding imaging scan carried out on the players of the Golden Eaglets after an initial denial of no such thing, the Nigeria Football Federation (NFF) Thursday cut short the team’s two-week camp in Bauchi.

Bolt again! Sets new 200m World Record

Bolt again! Sets new 200m World Record

Jamaican sprint superstar Usain Bolt claimed yet another world record as he recorded a stunning victory in the 200m final at the World Championships.