NAFDAC shuts malls in Lagos

NAFDAC shuts malls in Lagos

National Agency for Food and Drug Administration and Control, NAFDAC yesterday sealed a popular Lagos mall (names withheld) for stocking, selling and distributing counterfeit wines and spirits.
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Nigerians’ll beg PDP to come back in 2019 – Ojougboh

Nigerians’ll beg PDP to come back in 2019 – Ojougboh

National Vice Chairman, South-South, of the Peoples Democratic Party, PDP, Dr. Cairo Ojougboh, has decried the crisis rocking the All Progressives Congress, APC, saying that Nigerians will beg the PDP to come back in 2019.

Why indigenous oil, gas companies  don’t attract equity

Why indigenous oil, gas companies don’t attract equity

“Interestingly, foreign markets want corporate governance. They want to see equity as well. In Canada’s oil and gas industry, the average debt to equity ratio is $1 of debt per equity. In the US, the average is 97 cents of debt per dollar of equity. But in Nigeria, it is slightly above $2 of debt per equity. This makes the banking industry vulnerable to the oil and gas industry.

Police invitation: I won’t succumb to intimidation, says Ekweremadu

Police invitation: I won’t succumb to intimidation, says Ekweremadu

AGAINST the backdrop of invitation extended to him by the Nigeria Police to explain his alleged forgery of Senate Rule,Deputy Senate President,Ike Ekweremadu has said no amount of intimidation from any quarter would deter him from carrying out his legislative functions.

PDP vows to reclaim power from APC in 2019

PDP vows to reclaim power from APC in 2019

By Henry Umoru ABUJA- AGAIN, the national  leadership of the Peoples Democratic Party, PDP has vowed  to reclaim power from the ruling All Progressives Congress (APC) in the next general elections coming up in 2019. Speaking with Journalists Monday in at a meeting with North-central members of PDP, Chairman of the North-central sub-committee, Hon. Emeka […]

Oil firms risk losing  equities over indebtedness

Oil firms risk losing equities over indebtedness

Oil and gas firms that borrowed huge amount of money at high interest rates from financial institutions in the country would be forced to relinquish some of their stakes to the banks if they hope to continue in business, Vice President, FBN Capital, Ms. Rolake Akinkugbe, has declared. Akinkugbe, in an article in: The Oil and Gas Year, warned that marginal fields’ operators that are yet to commence production on their fields will be the worst affected.