By Daniel Idonor ABUJA — THE Federal Government yesterday said for the first time in Nigeria’s history Ministries, Departments and Agencies (MDAs) are to commence capital expenditure as from January 2010 based on the 2009 budget without necessarily waiting for the National Assembly to pass the 2010 Appropriation Act, as it was done in the […]

The Central Bank of Nigeria (CBN) says it has injected a total of N65.5 billion into the economy through the sale of Federal Government bonds. The Federal Government securities sold were in 3-year, 5-year and 10-year bonds and were sold at the government securities trading floor of the CBN. The bid rates for the entire […]

EXECUTIVE Director of the Environmental Rights Action/Friends of the Earth, Nigeria (ERA/FoN), Mr. Nnimmo Bassey has called on the Federal Government and stakeholders in the oil industry to realise that the time had come for the nation to plan ahead in the event of the country’s crude oil resource being exhausted.

Governorship candidate of the Peoples Redemption Party (PRP) in the 2007 election in Delta State, Comrade Emmanuel Igbini, has faulted the decision by President Umaru Yar’Adua to delegate his Special Adviser, Mohammed Aba Aji, to present the 2010 budget to the National Assembly rather than Vice President Goodluck Jona-than.

THE feud between the Senate and House of Reps, which thwarted the presentation of the 2010 Appropriation Bill by President Umaru Yar’ Adua reminds us of the parable of the two foolish goats at the precipice. There was a narrow precipice, so narrow that only one animal could cross at a time. First, two lambs started crossing.

Pension Fund Assets have hit N1.3 trillion, Mr Ahmed Dauda, Head of Research and Corporate Strategy, National Pension Commission (PenCom) said on Tuesday. Dauda disclosed this at a Sensitisation Workshop on the Contributory Pension Scheme organised by the Chartered Institute of Personnel Management of Nigeria (CIPMN), in collaboration with PENCOM in Lagos. He said that […]

After a successful hosting of one of the greatest photo exhibitions of the year tagged “Perspectives on Contemporary Nigerian Photography recently, the Ben Enwonwu Foundation (BEF) owners of Omenka Art Gallery again in its bid towards the promotion and appreciation of Modern African art penultimate week brought the visual art community together for another exciting exhibition by one of Nigeria’s outstanding contemporary artists, Alex Nwokolo titled Musing: an exhibition of recent paintings by Alex Nwokolo.

ORGANISED Labour in the nation’s banking sector, has kicked against any moves by the banks to cut the salaries of workers and vowed to resist such with any means possible including industrial action.

The gridlock lasted for about four hours, prompting commuters to trek to their various destinations between Mile Two and Tincan Coconut, while some motorists abandoned their vehicles on the road. As usual it provided an opportunity for commercial bus operators and motorcycle riders to charge extortionist fares as a ride from Apapa to Oshodi suddenly attracted a minimum of N300.

The Trade Union Congress of Nigeria (TUC), a central labour organisation opposed to the deregulation of the downstream sector to , name and bring to book those who manipulated, abuse and illegally benefitted from the fuel import subsidy before embarking on its planned total deregulation of the downstream sector of the Petroleum industry. This story is an edited version of the TUC statement

“The political world is stimulating. It’s the most interesting thing you can do. It beats following the dollars”
– John Fitzgerald Kennedy, the 35th President of the United States.

A Federal High court sitting in Calabar, Cross River State, is expected to deliver judgement, December 2, in a suit instituted against Mobil Producing Nigeria, concerning alleged infringement on royalty rights of a businessman, Professor Clement Uweme-dimo.

FEDERAL Government’s decision to probe the Local Organisation Committee (LOC) of the FIFA is a strong indication of government’s dissatisfaction with the organisation of the competition that has drawn flaks from several areas.

….Fidelity Bank proposes 5 kobo dividend By Michael Eboh & Chinedu Ibeabuchi Omatek Ventures Plc has declared a dividend of N147.09 million in its 2009 financial year, representing a dividend per share of N0.05 each. According to its year ended, June 30, 2009, financial statement presented to the Nigerian Stock Exchange (NSE), Tuesday, the dividend […]

By Peter Egwuatu Oando Plc, one of the  Nigeria’s leading integrated energy provider, has recorded 19 per cent increase in Profit After Tax (PAT) for the unaudited third quarter results ended September 30, 2009. The company posted N6.64 billion in net profit compared with N5.56 billion the same period the year prior. As projected, non-marketing […]