Price slump: Seven Energy records N11bn losses

Price slump: Seven Energy records N11bn losses

THE low price of crude oil has taken a toll on the finances of Seven Energy International Limited, as the company posted a loss after tax of $53 million, about N10.6 billion in six months, between January and June 2015. The company, in its financial statement for the half year, HY1 2015, released to its investors and other stakeholders, disclosed that the loss, compared to a profit of $27 million, about N5.4 billion recorded in the same period of 2014, was primarily due to the fall in oil price.
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Lagos govt demolishes illegal structure in Mende, Maryland

Lagos govt demolishes illegal structure in Mende, Maryland

In its efforts to rid the state of illegal structures, Lagos State Building Control Agency (LASBCA), at the weekend carried out the demolition of controversial building at Mende in Maryland area of Lagos metropolis under the supervision of LASBCA’s General Manager, Mr. Sola Adeigbe.

Boko Haram: DSS releases cleric after 14 months in detention

Boko Haram: DSS releases cleric after 14 months in detention

By Daud Olatunji ABEOKUTA—An Islamic cleric, Abdul-Ganiyu Jimoh Ibrahim, who was arrested by men of the Department of State Services, DSS, in July 2014 at his Ijoko-Ota residence in Ado-Odo/Ota Local Government Area of the state for allegedly being a member of Boko Haram sect, has been released. The cleric was arrested on July 5, […]

Pray against violence, cleric tells Kogi people

Pray against violence, cleric tells Kogi people

The General Overseer of the Seed of Life Golden Church, Prophet S.M.O. Mustapha, has urged the people of the state to pray against violence during and after November’s election in the state.

New Kwara police chief warns criminals

New Kwara police chief warns criminals

The new Commissioner of Police in Kwara State , Mr Esosa Amadasun, has warned criminals terrorising the state to repent or relocate, saying he was determined to make the state uncomfortable for them.

Delta Justice Ministry denies bribery allegation

Delta Justice Ministry denies bribery allegation

ASABA—DELTA State Ministry of Justice, yesterday, described as untrue, malicious, misleading and embarrassing, allegation of bribery levelled against its Director of Public Prosecution, DPP by Sapele youths over a case of alleged killings and kidnappings by White Ladders cult group in the area.

AAG (Volleyball): Nigeria male, female teams lose

AAG (Volleyball): Nigeria male, female teams lose

Algerian women’s national volleyball team beat their Nigerian counterparts 3-1 (21-25, 25-12,25-13, 25-15) on Sunday, at Massemba-Debat sports hall in Brazzaville, on their second day (Group B) of the 11th All Africa Games taking place in the Republic of Congo.

Abuja Motor Show targets investments for auto sector

Abuja Motor Show targets investments for auto sector

The 17th edition of the annual Abuja International Motor Fair will hold at the Eagle Square, Abuja from October 27-November. According to the Chairman of the organizing committee for the event Mr. Ifeanyichukwu Agwu, the event is targeted towards boosting investments in the sector, is seriously assuming its rightful place in the Nigerian economy.

AFBA cautions Senate over EFCC boss

AFBA cautions Senate over EFCC boss

BENIN—AFRICAN Bar Association, AFBA, has cautioned the Nigerian Senate over its moves to probe the allegation of corruption levelled against the Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde, insisting that it has no constitutional power to try organs of the state in the media.

DEMO Africa 2015 will retool tech leaders , entrepreneurs -NITDA

DEMO Africa 2015 will retool tech leaders , entrepreneurs -NITDA

The National Information Technology Development Agency (NITDA) has assured that DEMO Africa forum, a pan-African launch-pad for technology start-up companies, will become the continent’s rallying ground to retool technology leaders and entrepreneurs.

Huawei launches Agile network solutions in Nigeria

Huawei launches Agile network solutions in Nigeria

Leading global Information and Communications Technology (ICT) solutions provider, Huawei at the just concluded Huawei Network Congress (HNC) West Africa 2015 held in Lagos with the theme, “From Agility to Imagination” focusing on “introducing SDN technology” and “upgrading customer experience” has launched Agile network solutions in Nigeeia.

Lafarge wins best HSE practitioner award

Lafarge wins best HSE practitioner award

For its high standard and commitment to health, safety of workers and the environment, Lafarge Africa Plc. has been awarded the Best Health, Safety and Environment, HSE, practice in the manufacturing sector at the Nigeria Safety Award for Excellence Hall of Fame 2015.