Re-insurers’ edge up rates against local insurers

As renewals for 2013 financial year commences, there are indications that re-insurance companies have edged up their re-insurance rates for oil and gas risks for Nigerian underwriters, Sweet Crude has learnt.
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NUCLEAR ENERGY: Understanding how it works

The principles of nuclear power were formulated by physicists in the early 20th century. In 1939, German scientists discovered the process of fission, triggering a race with American scientists to use the incredible power of fission to create a bomb. Their efforts yielded results; the atomic bomb was created by 1945, and used to destroy Hiroshima and Nagasaki at the end of World War II.

Court sentences 30 beggars to Kirikiri, Badagry prisons

As part of ongoing measures to rid Lagos of environmental nuisances, the Special Offences Magistrate Court sitting in Alausa, Ikeja, Monday, sentenced 30 beggars to Kirikiri and Badagry Prisons for soliciting for alms in violation of the state environmental law.

ERHC Energy announces extension of rights offering

ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has announced the extension of the expiration date of its previously announced rights offering to the close of work on Thursday, February 28, 2013 from the original expiration date of January 31.

ARISE NEWS TV hits airwaves

After two days of test broadcasting, a 24-hour international TV news operation, ARISE NEWS, set to rival existing giants in the global market was launched, yesterday and would be broadcasting from its main News Centres in London, New York, Johannesburg and Lagos.

Bomb scare paralyses economic activites in Abuja

Bomb scare, yesterday, caused a stir and halted all business activities at Area 10, Garki Abuja as the Anti Bomb Squad unit of the Nigeria Police was reported to have detonated two parcels suspected to be bombs at the gate of Nigeria Postal Service, NIPOST office

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