Oando to acquire stakes in Canadian oil firm
Oando Plc is to acquire stakes in a Canadian firm, Exile Resources Incorporated in exchange for certain percentage of its holdings in some of its oil wells in Nigeria.
Uwais advocates grants for political parties
Former Chief Justice of Nigeria, Justice Muhammed Uwais has advocated the payment of grants to political parties by the Federal Government to assist them in contesting elections.
Promasidor shuts operations over workers’ demands
-Promasidor Limited, makers of Cowbell Milk and other consumables, has shut down operations over dispute with workers. The workers, yesterday, protested the shut down of the company.
Lagos flood victims remanded in Kirikiri prisons
Twenty-Five displaced flood victims in Lagos State, who were accused of demonstrating against alleged maltreatment by government officials at the Agbowa transit camp, where they were kept, have been docked before an Ikeja Chief Magistrate Court.
45-yr-old woman beheaded in Bomadi
A middle aged man, weekend, beheaded a 45-year-old woman in Bomadi, headquarters of Bomadi Local Government Area, Delta State.
Sports minister sets up c’tee to find solution to football crisis
Sports Minister Yusuf Suleiman on Monday in Abuja called for pragmatic solutions that would help to curb the incessant recurrence of crisis in Nigeria’s football.
Mercedes-Benz S-Class, SLS AMG best cars of 2011
Recently, at a readers’ survey conducted by the major German motoring magazine, “auto, motor and sport” the Mercedes-Benz S-Class was awarded the best car in the luxury car segment while the Mercedes-Benz SLS got the award for the best sports car. For two years in succession, the SLS has therefore been voted the “Best car of the year” in its category. The S-Class saloon on the hand, has likewise won this coveted award several times in recent years.
IBB calls for release of al-Mustapha
Former Military President Ibrahim Babangida has called for the release of the former Chief Security Officer to the late Gen. Sani Abacha, Maj. Hamza al-Mustapha.
Power supply: Minister sacks four PHCN CEOs
The Minister of Power, Professor Barth Nnaji has announced the immediate removal from office of four Chief Executive Officers of Distribution companies across the country.
Why we can’t reduce air fares, by operators
Members of the Airline Operators of Nigeria, AON, yesterday, said they can only reduce air fares if the government removed Value Added Tax, VAT, on aviation fuel, otherwise known as JET A1.
Fashola signs Financial Regulations Bill into law
Governor Babatunde Fashola of Lagos State, yesterday, signed into law the Lagos State Financial Regulations Bill, which limits the power of state government, 20 local government areas and 37 Local Council Development Areas chairmen in the state to borrow money for capital expenditure.
