Statoil ASA and its respective partners have reported the post ponement of the development of both the Johan Castberg and Snorre 2040 field projects to cut costs.

NOISE from traffic, public address systems and loud music are gradually becoming the primary sources of noise contamination and pollution in Lagos with the attendant hearing problems and health issues. The Lagos State Environmental Protection Agency (LASEPA) General Manager, Mr Adebola Shabi, recently disclosed that the agency receives an average of 10 to 15 petitions on noise pollution daily.

The Securities and Exchange Commission (SEC) and the Nigerian Financial Intelligence Unit (NFIU) of the Economic and Financial Crimes Commission (EFCC) have agreed to to fight illicit financial flows within the Nigerian capital market.

LAGOS—The Creative Director of one of Nigeria’s fastest growing fashion stores, Elpis Megalio, Olufunke Afolabi, has lamented the inability of young entrepreneurs to access bank loans to start-up businesses, as well as the epileptic power supply in the country, describing these as the bane of small and medium scale enterprises in the country.

A total of 1,754 inmates are currently being housed at Enugu maximum prison, while 160 condemned prisoners have been on the death roll for years awaiting the hangman’s noose.