Investors’ worries heighten as companies post unimpressive result
UNTIL relatively recently, big oil gave little thought to sub-Saharan Africa beyond the coast of Nigeria and Angola. That’s changing rapidly after a significant find off the Atlantic coast of Sierra Leone, where both Anadarko Petroleum and U.K.-based Tullow have exploration licenses, and another strike in Uganda, where Tullow operates. Their stocks have jumped sharply […]
FOI bill : NGO flays lawmakers
By Ise-Oluwa Ige ABUJA—A non-governmental organisation operating under the aegis of The Right to Know (R2K) Movement has described as worrying the surreptitious attempts by some members of the National Assembly to kill the Freedom of Information Bill. The organisation wants Nigerians to demand from the lawmakers what they intended to gain by frustrating the […]
N7bn boost for safer airspace
By Kenneth Ehigiator LAGOS—The Federal Government has injected over N7 billion for the provision of facilities for effective delivery of air navigation services by Nigerian Airspace Management Agency (NAMA), as part of measures to make the nation’s airspace safer. Among projects already approved by the Federal Executive Council (FEC) are the Total VHF Radio coverage […]
Visa scam: Police arrest four for impersonation
By Kenneth Ehigiator ABUJA—The police in Abuja has arrested four persons (names withheld) who attempted to use names of the Federal Airports Authority of Nigeria (FAAN) to obtain French visa. Presenting themselves as meteorologists in the employ of FAAN, the suspects were picked up at the French Embassy after they tendered documents with fake FAAN’s […]
FG pledges to upgrade Lagos-Benin road
By Jude Njoku AKURE—The Works   and Housing Minister, Dr. Hassan Lawal, weekend, promised that the Federal Government will accord the reconstruction of the Lagos-Benin Expressway top priority. The minister said this while inspection rehabilitation work on the road at Ore, Ondo State. Lawal, who was accompanied by the Governor Olusegun Mimiko, was overwhelmed by the […]
Private networks’ll bring in investors….NBC
By Laide Akinboade ABUJA—Director-General, National Broadcasting Commission (NBC), Mr. Yomi Bolarinwa, has said that introduction of private networks in Nigeria will attract private investors to the country. Bolarinwa made this assertion at the weekend during the opening bids for one radio and one television network license for Nigeria. The new networks will ensure healthy competition […]
