Close presidency source, told Vanguard yesterday that after looking at the pros and cons of the 2.3Ghz licensing round and the attendant furore it has generated, the presidency, decided to order a fresh bid while mandating NCC to refund those who won the controversial bids their licence fees.

The Nigerian Stock Exchange (NSE) has challenged the suit by some shareholders of African Petroleum Plc, before a Federal High Court sitting in Lagos, over the election of Alhaji Aliko Dangote as the President of the Exchange.

THE recently formed Coalition of Democrats for Electoral Reform (CODER), may have taken shine off the proposed mega-party being promoted by opposition political parties under the aegis of Mega Summit Movement (MSM), as leading lights of the two groups cannot harmonise their positions on two issues.

TWO top “generals” of Camp 5, the militant group controlled by militant leader, Government Ekpemupolo, alias Tompolo, yesterday, disowned the purported spokesman of a faction of the Movement for the Emancipation of the Niger-Delta (MEND), Prince Joseph Ettela Harry, who claimed he was mandated by Tompolo to negotiate on his behalf and his “command” with the Federal Government, calling for his arrest by security agents to unravel his actual sponsors and mission.

OIL prices climbed slightly on Tuesday, nearing 74 dollars in London, as OPEC stuck to its forecast of a rebound for energy demand next year.