PETROLEUM and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has decried the care-free attitude of oil and gas companies operating in the country to the provisions of the Nigerian Content Development, NCD Act 2010, that deal with succession, capacity and empowerment plans for Nigerians.

President Goodluck Ebele Jonathan Monday restated his faith in the ballot box as the only viable means through which Nigerians would determine who their next president would be, even as he dismissed the so-called consensus arrangement being pursued by some presidential aspirants in the Peoples Democratic Party, as a gang up that would fail.

The upward trend on the Nigerian Stock Exchange (NSE) continued last week as profit taking by investors boost investment value by N319.86 billion.

Henry Okah, the ex-militant leader arrested after the deadly independence day blasts in Abuja, gave the directive for the twin car bombs to be detonated, South African prosecutors said Monday.

In a bid to encourage its customers and improve the deposit base of the bank, Afribank Nigeria Plc has unveiled a promotion package to reward its existing and new customers.

Operators in the downstream petroleum sector have argued that there is no alternative to the deregulation of the sector.

Panabiz International Limited, Panabiz, makers of Panasonic electronics and home appliances said it has developed specialised accessories for use in the oil and gas industry.

Inspector-General of Police, Hafiz Ringim, has ordered the immediate arrest and interrogation of an Inspector of Police attached to Area F Police Command, Ikeja, Lagos, David Afam Egbon, over allegations of fraudulent enrichment, conspiracy and threat to the life of a German-based Nigerian, Dickson Utuke.

THE meeting of South East stakeholders convened in Enugu, yesterday, to resolve the protracted industrial dispute between governors of the zone and members of the Academic Staff Union of Universities, ASUU, suffered a setback as the leadership and members of ASUU stormed out of the meeting.

Lawmakers of the Lagos State House of Assembly have hailed the victory of Dr. Kayode Fayemi, who was declared as the truly elected Governor of Ekiti State in 2007 by the Appeal Court sitting in Ilorin, Friday.

The British Government has expressed its willingness to collaborate with the Federal Government in bringing the October 1 bombers in Abuja to justice

Some Igbo leaders, yesterday, differed on apex Igbo socio-cultural organisation, Ohanaeze Ndigbo’s endorsement of President Goodluck Jonathan for the 2011 presidential polls.

To prevent outbreak of epidemic following the heavy flooding of some parts of the state, Lagos State Government has intensi-fied waste management strategy in the concerned areas.

THE Federal Government has approved N51.6 billion for the settlement of 30 months salary arrears and exit package due to permanent and casual staff of the embattled Nigeria TeleCommunication Limited, NITEL and its GSM arm, M-tel, raising hope of an early resolution of the wage crisis facing the national outfits.

Former chairman of the Economic and Financial Crimes Commission, EFCC, and presidential hopeful of Action Congress of Nigeria, ACN, Mallam Nuhu Ribadu, will pick up the party’s card today in Yola, the capital of Adamawa State.