Business news
Fidelia Okafor. Kokodiagbene community in Gbaramatu Kingdom, Warri South-West Local Government Area of Delta, has given Chevron Nigeria a 14-day ultimatum to provide them with electricity. The people marched to the Otunana flow station operated by Chevron on Wednesday to protest against what they called, ”insensitivity” of the oil giant to their plight. They threatened […]
Fidelia Okafor. Gov. Nyesom Wike of Rivers has condoled with the family of Rivers Commissioner of Police, Mr Francis Odesanya, who died after a brief illness. Odesanya died while on admission at Sterling Hospital Ahmedabad-Gujarat in India in the early hours of Tuesday. Wike in a statement issued by his spokesman, Simeon Nwakaudu, in Port […]
Amaka Obiefuna. The Board of Directors of African Development Bank (AfDB) has approved over 600 million dollars for three projects in Nigeria to enhance development and efficiency in the country. The Nigeria Country Office of the Bank made this disclosure in the January edition of its newsletter in Abuja on Tuesday. The bank stated that 250 […]
Fidelia Okafor. Minister of State for Mines and Steel, Mr Abubakar Bwari, says said revival of Ajaokuta Steel Company would save about 5 billion dollars annually for the country. He said that the amount was usually spent annually on the importation of equipment for railway expansion and maintenance. Bwari stated this during the 2016 budget […]
Fidelia Okafor The Nigerian Customs Service is expanding its dragnet to uncover those behind the importation of two Bell civil models Helicopters. Consequently the Customs at the Murtala Muhammed International Airport have seized the choppers and handed over to the Nigerian Air Force for failure of yet to be identified importers to produce end-user certificate […]
Fidelia Okafor The Director-General of the Standards Organisation of Nigeria (SON), Mr. Osita Aboloma has grateful to the National Assembly for empowering the agency to combat the influx, production, and distribution of substandard products in the country. According to him, the passage of the SON Act 14 of 2015 has pedway for the organisation to […]
London High Court dismissed a suit by Bille and Ogale communities seeking to sue Royal Dutch Shell (RDS) in English courts for spill incidents in the Niger Delta. The communities had, on May 2015, through their UK solicitors, Leigh Day, brought oil spill litigation against The Shell Petroleum Development Company of Nigeria Limited (SPDC), and […]
Amaka Obiefuna Nigeria’s Central Bank, the CBN has restated its commitment to policies that will take Nigeria out of recession, this is coming after a planned protest ‘Ocupy-CBN’ is beginning to fail. Deji Adeyanju, the convener of the protest was said to have arrived at the proposed take-off point at about 8.30am with about 17 […]
From Winifred Bosa , Lagos. The Trade Union Congress TUC has hailed the judgment of a Lagos High Court which sentenced the Managing Director of Ontario Oil and Gas Limited, Mrs. Adaoha Ugo-Nnadi, to 10 years in prison for defrauding the Federal Government to the tune of N754m in subsidy funds and has called on […]
From Winifred Bosa, Lagos . Following the issuance of clean bill of health to accused corrupt officials of the All Progressive Congress (APC) , the Peoples Democratic Party PDP has asserted that the anti-corruption war of President Buhari is a complete failure. Recently , a Letter by President Muhammadu Buhari was read on the Floor […]