Geregu Power addresses concerns over bond repayment obligations
By Udeme Akpan, Energy Editor Geregu Power Plc has moved to reassure shareholders, investors, regulators and other stakeholders over concerns surrounding its bond repayment obligations, saying it is reviewing its financial commitments and remains committed to resolving outstanding challenges. The company’s clarification followed recent online publications raising concerns about its ability to meet its bond […]
Crude supplies to refineries ‘ll dry up in 15 days —NNPC
THE Nigerian National Petroleum Corporation (NNPC) has warned that crude oil supply to refineries will dry up in 15 days if the vandalism of oil pipelines in the Niger Delta continues unabated.
Sinopec acquires Addax for $7.2bn
SINOPEC, an acronym for China National Petroleum Corporation has paid C$8.27 billion (US$7.24 billion or N1.06 trillion) for Addax Petroleum after the Canadian-based outfit gave the nod to the Chinese giant’s C$52.80 per share takeover offer.
FRSC, EFCC move against fake driver licences
By Demola Akinyemi Ilorin — The Federal Road Safety Commission (FRSC) has entered into partnership with EFCC to ensure that all forged driving licences are detected through the use of modern technology.
Impediments to Vision 20-2020, by NPC
By Tony Edike ENUGU —NATIONAL Coordinator of the National Planning Commission (NPC), Mr. Akin Arikawe yesterday identified the poor attitude of Nigerians to work, infrastructure decay and education as the major impediments to the realisation of the Vision 2020 in the country. Speaking at the opening of a two-day workshop on the preparation of States […]
Strike: UNIJOS ASUU sets up monitors
By Taye Obateru Jos — The University of Jos Chapter of the Academic Staff Union of Universities (ASUU) has set up monitoring committees to ensure that members comply with the directive for a total strike as declared by the national body.
