Subsidy: Oando receives N270bn in 4 years

Oando Plc a major player in Nigerian oil and gas industry last week disclosed that it received the sum of N270 billion as subsidy claims from the Federal Government in the last four years, adding that it was not involved in the scandal.
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FG reviews use of commercial explosives

In view of the current security challenges faced by the country, the Federal government has put mechanisms in place to control and ensure that explosives, which are regarded as indispensable materials used in the mining sector do not get into the wrong hands.

NEXIM renews commitment to borderless, connected ECOWAS markets

The Managing Director/ CEO of Nigerian Export Import Bank (NEXIM), Mr. Roberts U. Orya has reaffirmed the commitment of Nigeria’s Trade Policy Bank to removing trade barriers and promoting seamless commercial exchanges among ECOWAS Member States.

Sport cars are world’s most expensive

Bugatti Veyron Super Sports, Aston Martin One-77, Pagani Zonda Cinque Roadster, Lamborghini Reventon, Koenigsegg Agera, Hennessey Venom GT Spyder, Mclaren F1, Ferrari Enzo, Pagani Zonda and SSC Ultimate Aero. These are world’s most expensive cars. They have many things in common. Apart from being very fast and expensive, they are all Sport cars.

REITS will boost real estate sector- Stakeholders

The Nigerian real estate market will experience exponential growth through the inflow of capital from both local and offshore investors if the Real Estate Investment Trust, REIT structure is encouraged to thrive. This view was canvassed by stakeholders at a recent round table put together by Stanbic IBTC Capital, in partnership with Actis and Resilient Africa.

Why sea food is good for you

HEALTH benefits of sea food are often undermined, yet increased intake of crayfish, prawns, crab and shrimp, among others, helps minimise risk of heart attack, while promoting general good health.

High number of prisoners blamed on justice system

About 35, 000 out of 52,754 suspects in various prisons across the country are awaiting trials for various offences, prison authorities said yesterday in Lagos, pointing out that the high number of prisoners was hampering reformation efforts for the inmates.

45-yr-old suspected rapist remanded in prison

An Abeokuta Magistrate Court sitting in Isabo, yesterday ordered that a 45-year-old rape suspect, Taofeek Kolawole be remanded in prison custody till Friday, March 1, 2013.

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