Are we managing our petroleum resources well? Are there wastages in the system? Are our processes complete and sacrosanct?" These were the questioned posed by the Speaker of the House of Representatives, Hon. Dimeji Bankole, when he declared that oil
The Co-location Infrastructure Project (CIP), for telecommunications and other information and communication technology (ICT) services, proposed by major stakeholders in the nation's telecommunications sector, would gulp a hopping N3 billion.
The Chairman, Ad Hoc Committee on Land Transportation, House of Representatives, Hon. Ibrahim Moh'd Garba Hannun Giwa, has assured Nigerians of better results in Railway Transportation sector.
The Board of Directors of the Africa Finance Corporation (AFC) Tuesday indefinitely suspended Mr. Austine O. Ometoruwa as President and Chief executive Officer of the institution.
Governor of the Central Bank (CBN), Prof. Chukwuma Soludo, and Managing Director (MD) of the African Finance Corporation (AFC), Mr. Austine Ometoruwa, are to help the Federal Government recover the $11 million interest which accrued to CBN's investment in the
As part of its social corporate responsibility, Fidelity Bank Plc has planned to take its numerous customers on trip to Dubai, the United Arab Emirate starting from August 1, 2008.
Cost of funds in the interbank money market dropped sharply by 37.75 per cent following the influx of about N451 billion statutory allocations to the three tiers of government for July.
The Central Bank of Nigeria (CBN) will soon commence investigations into the interest rate hike by commercial banks in the country, the CBN Governor, Professor Chukwuma Soludo, said in Abuja yesterday.
The Bank of Industry (BoI) Limited and the United Nations Industrial Development Organisation (UNIDO) have entered into an agreement to explore partnership opportunities between the two institutions.
The Federal Government is considering building more refineries to ensure the availability of adequate petroleum products in the country, it was revealed yesterday.
The Chairman, Gas Monitoring Committee of the Revenue Mobilisation, Allocation and Fiscal Commission, Emmanuel Nsa yesterday revealed that Nigeria loses an estimated $2.5 billion annually to gas flaring aside its negative environmental implication on the inhabitants of the oil and
The quest to attain self-sufficiency in food production got a boost yesterday when the Federal Government said it would float a N200-billion bond in the Nigerian capital market, for on-lending to commercial farmers.
The Federal Government has no business negotiating with the Nigeria Union of Teachers (NUT) over the ongoing nationwide teachers' strike since it has no teachers in its service, Minister of Education Professor Igwe Aja-Nwachukwu said in Abuja yesterday. The minister
The management of the Nigeria National Petroleum Corporation (NNPC) yesterday denied paying $6m to militants in the troubled Niger Delta region, stating instead that its commitment to the empowerment of communities in its area of operations is a way of
About thirty per cent of human ill health that leads to death is as a result of poor quality of environmental management, Minister of Environment, Housing and Urban Development, Mrs Halima Tayo Alao, has said.
Barely 24 hours after its Group Managing Director, Abubakar Yar'Adua, told the House of Representives Committee that the corporation paid $6 million to militants in order to gain access to the damaged Chanomi oil pipeline in Delta State to effect
The Nigerian Communications Commission (NCC) has advised telecommunication service providers to consider Co-location Infrastructure Project (CIP) which will allow sharing of infrastructure to make the services more efficient.
Minister of State for Energy (Petroleum) Mr Odein Ajaumogobia (SAN) yesterday said there were lapses in the administration of oil and gas industry in the country and that the process adopted in the award of oil blocs was not sacrosanct.
The Movement for the Emancipation of the Niger Delta (MEND), yesterday, dismissed the claim by the Nigerian National Petroleum Corporation (NNPC) that it paid N12 million per month to militants as protection fee when it carried out repairs on the
