Shell withholds $40bn deepwater investments
SHELL Nigeria has put on hold $40 billion worth of potential investment in deepwater oil projects in the country amid uncertainty over planned reforms in the energy sector.
INEC admits inflating AC’s votes by 10,000 in Anambra polls
THE Independent National Electoral Commission, INEC, has admitted before the five-member Anambra State Governorship Election Petition Tribunal sitting in Awka that the total votes recorded for the candidate of Action Congress, AC, in the 6 February gubernatorial election, Dr. Chris Nwabueze Ngige, was inflated by 10,000 votes
NNPC’s captive company call back N8.5bn from CIP
By Patience SAGHANA The Captive Company of the Nigerian National Petroleum Corporation (NNPC) scraped back $57 million (N8.5billion) from the premium paid on its Consolidated Insurance Policy (CIP) into the purse of the corporation. NNPC’s captive firm generated $57million (N8.5billlion) premium for its CIP as at December 2009. The term ‘Captive’ is used generally to […]
Afribank shareholders want preliminary objection heard alongside substantive suit
Afribank Nigeria Plc and its shareholders have asked a Federal High Court sitting in Lagos, to hear the preliminary objections raised by Central Bank of Nigeria, CBN, and others alongside their substantive suit, challenging the dissolution of the bank’s board without giving them a chance to respond to alleged indictment by the apex bank’s Special Examination report.
ATQ unveils 55 nominees for seven wonders
Judges of NAIJA 7, the Nigeria seven wonders project, have come up with its first shortlist of sites that will be a “Must See†for Nigerians and visitors to Nigeria.
HRG Nigeria under fire over NNPC, FG’s Group Life accounts
Aggrieved insurance brokers and underwriters have ganged-up against Hogg Robinson Insurance Brokers over its consultancy services to Nigerian National Petroleum Corporation’s Consolidated Insurance Package (NNPC-CIP) and the Federal Government’s Group Life.
