Chevron records 317% increase in Q3 PAT

Chevron records 317% increase in Q3 PAT

Chevron Nigeria Plc has recorded a significant improvement in its financials, posting a 317 per cent increase in its bottom line for the third quarter financial performance.
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Don’t destabilise Edo, Oshiomhole warns Anenih

Don’t destabilise Edo, Oshiomhole warns Anenih

GOVERNOR Adams Oshiomhole of Edo State has warned the former Chairman, Board of Trustees of the People’s Democratic Party (PDP), Chief Anthony Anenih, to desist from acts capable of destabilizing the state.

Abike Dabiri’s heretical Bill

Abike Dabiri’s heretical Bill

Before this Bill became public knowledge, Dabiri-Erewa had been one of the federal legislators who always stood on the right side of every issue or controversy, be it the Ettehgate, the Freedom of Information Bill or the Diaspora issues. In fact, only last Monday, a young man from my hometown who is languishing in a Benin Republic prison on drug offences, called me requesting that the plight of people like him should be brought to the notice of Hon Dabiri.

‘Report on Constitution review ready soon’

‘Report on Constitution review ready soon’

Elder statesmen and politi-cians drawn from the 6 geo-political zones of the country, yesterday, announ-ced the near completion of the report on the review of the 1999 Constitution, announcing that the meeting of the group, the National Think-Tank in Gombe State, would finalise report on the Constitution.

Legs of God… Hand of God

Legs of God… Hand of God

Trust CNN to stay with bad news. Since Thierry Henry used his hand to help Gallas score that goal, the world has not rested. What fascinates me in the whole story is the news that the French captain admitted that he told the referee it was hand ball.

Over 400 pipelines vandalised in N/Delta  – PLAN

Over 400 pipelines vandalised in N/Delta – PLAN

PORT HARCOURT —   OVER four hundred pipelines have been ruptured in the Niger Delta within the last two years. Chairman, Pipeline Profes-sionals’ Association of Nigeria (PLAN), Dr Joseph Dorgu, who made this known in Port Harcourt, said the vandalism was caused by those he termed third expressionist group, otherwise known as militants in the region.

Emulate Chevron, Uduaghan tasks oil firms

Emulate Chevron, Uduaghan tasks oil firms

GOVERNOR Emmanuel Uduaghan of Delta State has charged oil multinationals operating in the Niger Delta to emulate Chevron Nigeria Limited in the quest for accelerated development of oil bearing communities.

Budget row: Yar’Adua summons Mark, Bankole

Budget row: Yar’Adua summons Mark, Bankole

President Umaru Yar’Adua has summoned the Senate President and Speaker of the House of Representatives — David Mark and Oladimeji Bankole — over the 2010 budget presentation row which has pitched the two legislative chambers against each other.

Banks to slash workers’ pay

Banks to slash workers’ pay

Indications emerged at the weekend that the 10 troubled banks will cut staff salaries across the board as a cost-saving measure to strengthen the survival path charted for them by the Central Bank, CBN.
The troubled banks are: Intercontinental Bank Plc, Oceanic Bank Plc, Unity Bank Plc, Bank PHB, Union Bank Plc, Afribank Plc, Finbank Plc, Wema Bank Plc, Spring Bank Plc and Equitorial Trust Bank.

‘WETIN’ CONCERN NLC/TUC WITH FOREX MARKET? (2)

‘WETIN’ CONCERN NLC/TUC WITH FOREX MARKET? (2)

Currently, the CBN is annually responsible for about 70% of all dollar revenue that enters into the domestic forex market. The balance 30% or less is supplied by oil companies and a few exporters outside the oil sector! While these private dollar suppliers are legally permitted to approach the banks directly for the exchange of their dollars to naira, the owners of public sector dollar revenue in our reserves are not so lucky!

Divided National Assembly

Divided National Assembly

THE National Assembly is taking the rivalry that started last year to newer and more dangerous grounds. Disputes over who would lead the joint committee of the National Assembly to review the Constitution resulted in both houses holding separate reviews.

Vandals strip community’s transformer

Vandals strip community’s transformer

Many of them would rather pay N20 transport to Ikotun and its environs, where power supply is better, for their hairdo. We have not realised one tenth of the amount invested to open this shop and the year is almost running to an end. We end up running the business at a loss,” she complained with bitterness.

Ceding 76 oil wells to A-Ibom has caused hardship – Imoke

Ceding 76 oil wells to A-Ibom has caused hardship – Imoke

The governor of Cross River State, Senator Liyel Imoke, said that the ceding of 76 oil wells from the state to Akwa Ibom State in June this year has caused untold hardship to the state, noting that President Umaru Yar’Adua had taken a critical look into the matter and has ordered for a review of the directive.

Nigeria, Serbia sign agreement on political dialogue, others

Nigeria, Serbia sign agreement on political dialogue, others

*As FG condemns Kosovo declaration By Chinyere Amalu ABUJA—Nigeria and Serbian Government have opened bilateral talks on six strategic areas, even as Nigerian government has promised to re-open Nigerian mission in Serbia which was closed down in 2003. Although the two countries specifically signed agreement on political dialogue weekend in Abuja, other areas that were […]