ABUJA —THE Senate, yesterday, reduced the oil benchmark from the initial $65 per barrel to $52 to reflect the reality of the current fluctuating and dwindling oil price in the international market.

The Police High Command in Abuja, yesterday, directed the Assistant Inspector General of Police, Zone 1, Tambari Mohammed, to personally lead investigations into the death of Professor Ahmed Falaki of Ahmadu Bello University, Zaria.

Ado-Ekiti—No fewer than 110 escapees from Ekiti State Prison have been arrested by the state police command.

Three persons have been charged before an Ikeja magistrate’s court in Lagos for allegedly robbing one Segun Akinbode of his cash, while armed with gun and other dangerous weapons.

LAGOS—The Federal Airports Authority of Nigeria, FAAN, yesterday, said that it was not indebted to the Ikeja Distribution Company, IKEDC, for power supply to the Murtala Muhammed International Airport, Lagos.

By Omoh Gabriel, Business Editor The Federal Government’s policies on industry, trade and investment activities are yielding modest results, according to industry stakeholders GIVEN the slowdown in economic growth globally as a result of the 2008 financial melt down from which various governments across the world are beginning to retool and realign their economic policies, towards […]

THE chairmanship tussle in Peoples Democratic Party, PDP, in Enugu State has assumed another dimension as Mr. Raymond Nnaji, who claims to be the factional chairman in the state, has filed a motion in court seeking to stop the party from presenting governorship candidate, Mr. Ifeanyi Ugwuanyi and other candidates, who emerged from the primaries, from contesting in the forthcoming elections.

An aspirant to the Oyo State Football Association Chairmanship position, Mr Babatunde Oloyede has unfolded his plans, if elected.

RADICAL Itsekiri pressure group, Itsekiri Consolidated Movement, ICM, has flayed the call by Niger Delta Indigenous Movement for Radical Change, NDIMRC, that “Ijaw must head Nigerian National Petroleum Corporation, NNPC, now,” noting that such a petition directed to the Minister of Petroleum, Mrs. Diezani Alison-Madueke, speaks of unbridled greed by Ijaws of Niger Delta, capable of negatively affecting the “chances of President Goodluck Jonathan’s re-election.”

Sequel to our exclusive story earlier this month about abandoned oil rigs at the outer Marina in Lagos, Vanguard learnt that the rigs may have been seized by FirstBank of Nigeria Plc for alleged debts of about N25 billion owed by Seawolf Oil Services Limited, owners of the rigs.