Oando Exploration and Production Limited, OEPL, a subsidiary of Oando Plc, has acquired 40 per cent participating interest in the Qua Iboe field locted in Oil Mining Lease, OML 13, subject to approval by the regulatory authorities.

Apparently, the new increase in electricity tariff by 11 per cent, from June 1, 2012 by Nigeria Electricity Regulatory Commission (NERC) is unsettling for most consumers in the country. While some Nigerians see the development as a way of compelling people to pay more for darkness, others called on the Commission to provide pre-paid meters for all consumers to avoid discrepancies in the volume of power consumption and amount accruable to government every month.

The Indian High Commissioner to Nigeria, Mahesh Sachdev, says diplomatic ties between his country and the host country are strong but believes things can be better.

The West African Monetary Zone (WAMZ) has called for the immediate establishment of colleges of supervisors in the West African sub-region to enhance information sharing on effective supervision of the banking industry to forestall bank failures resulting from risks exposures, even as it stressed the need to set up explicit deposit insurance schemes within the region to mitigate deleterious consequences associated with systemic crises in the sector.

Food and farming are foundational to a healthyNation,Nigeria has a good climate condition for farming and large areas of farmland, yet it has a problem with employment generation and food security through agriculture. Globally, farmers are said to be kings because they make food available for the society.