Yar’Adua: South-South group asks FEC to save Nigeria

Yar’Adua: South-South group asks FEC to save Nigeria

A GROUP, under the umbrella of Oil Industry South-South Business Association, OISSBA, has called on the Federal Executive Council, FEC, and other relevant organs of government to save Nigeria from sinking into deeper instability by performing their constitutional role of declaring President Umaru Yar’Adua unfit to continue in office and pave the way for Dr. Goodluck Jonathan to effectively take over as President.
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CBN  Tennis highlights Nigeria’s talents

CBN Tennis highlights Nigeria’s talents

Alberto “Bob” De La Rosa, a United Nations envoy in Nigeria is a tennis aficionado. A former top national tennis player from the Philippines, he was heavily involved in the development of the sport in his country rising to become the secretary general of the Tennis Federation of the Philippines.

‘NNPC will either transform or liquidate’ – Barkindo

‘NNPC will either transform or liquidate’ – Barkindo

“The Nigerian National Petroleum Corporation (NNPC) will either transform or liquidate,” Dr. Mohammed Sanusi Barkindo, Group Managing Director of the corporation told foreign banks yesterday in London to underscore management’s commitment to exploratory funding to drive its transformation agenda.

NFF mourns ex U-23 star, Idahor

NFF mourns ex U-23 star, Idahor

The Nigeria Football Federationn has expressed shock and sadness at the death of ex –Nigeria U_23 team player Endurance Idahor in Sudan.

Army officer assults widow in Warri

Army officer assults widow in Warri

BARELY two years after a Naval officer publicly assaulted Miss Okere in Lagos, an unidentified army officer last weekend in Warri pounced on a widow and mother of four and her sister at the ever busy Hausa road main market.

Pains, lamentation over ATM cards

Pains, lamentation over ATM cards

Muyiwa Oni was a petty trader in Lagos who operated a savings account with a new generation bank in Lagos. He was just a stone’s throw from the bank one day when he received an alert on his mobile phone that N150,000 had been withdrawn from his account with an ATM card.

Deregulation: Solution to constant  petroleum supply shortages

Deregulation: Solution to constant petroleum supply shortages

Current situation in the downstream petroleum sector The dependence on imports, inadequate supply and distribution infrastructure and poor state of the refineries, as well as the huge subsidy being incurred by the government cannot be separated from the government’s involvement in this very critical sector.

Nigeria woos mining investors, offers 3-yr tax holiday

Nigeria woos mining investors, offers 3-yr tax holiday

ABUJA — The Minister of Mines and Steel Development, Mrs. Diezani Alison-Madueke weekend wooed global investors in the mining sector to the Nigeria, saying the country would grant a three-year tax holiday to new mining companies.

CSR: Techno Oil Rehabilitates Agulu Boys High School

CSR: Techno Oil Rehabilitates Agulu Boys High School

TECHNO Oil Limited, a key player in the downstream sector of the oil and gas industry, has affirmed its commitment to Corporate Social Responsibility (CSR) that will continue to have direct impact on communities.

NNPC running at over N200bn loss, FG

NNPC running at over N200bn loss, FG

ABUJA — The Minister of Petroleum Resources, Dr. Rilwanu Lukman, has disclosed that the nation’s oil and gas behemoth, the Nigeria National Petroleum Corporation (NNPC) was currently running at a loss of more than N200 billion, with contingent liabilities of more than N146 billion and $277 million.

Power: Oando invests $25m on IPP

Power: Oando invests $25m on IPP

IN an effort to boost electricity supply to the Lagos Water Corporation Plant in Akute on the outskirts of Lagos, Oando Plc has invested the sum of 25 million dollars on the construction of an Independent Power Plant (IPP) to boost the supply of water to indigenes of the state around the area.

Community hands firms conditions for peace

Community hands firms conditions for peace

MULTINATIONAL oil and gas companies operating in Egi community, Rivers state have been told to live up to their corporate social responsibility to the area or be ready for a showdown with the community.