Though Nigeria’s crude oil production was restored to its 2005 level in 2011, due to the amnesty programme in the Niger Delta, new investment in the sector has remained only in the papers as the National Assembly prevaricates on the passage of the Petroleum Industry Bill (PIB); while a new debate.
Updated 7 Years ago

Joint Action Front (JAF), the umbrella body for the civil society allies of organised labour in the Labour and Civil Society Coalition (LASCO) the Joint Action Front (JAF), will hold a mass protest against fuel pump prices on January 3, 2011. The pro-Labour civil society component of LASCO, is...
Updated 7 Years ago

There are strong indications that Conoil Plc’s shareholders will enjoy increased dividend pay-out for the 2011 financial year going by the results posted by the oil marketing company in the first nine months of this year. It would be recalled that Conoil shareholders had been enjoying uninterrupt
Updated 7 Years ago

Egypt's parliamentary proposal committee approved in its meeting on Monday a draft law proposal that prevents figures from Mubarak's regime to run for president in the upcoming presidential elections and for 10 years.
Updated 7 Years ago

PRESIDENT Goodluck Jonathan on Monday said the controversies set off by the illness and the eventual, death of his late boss, Umaru Yar’Adua, eclipsed the achievements of the administration.
Updated 7 Years ago

Senator Mohammed Ali Ndume who was accused of engaging in convivial relationship with the dreaded Boko Haram Islamic sect, yesterday, pleaded his innocence before a Federal High Court sitting in Abuja.
Updated 7 Years ago

Advance team of Arsenal Monday gave Abuja the nod to host the English side’s pre season tour coming up next summer.
Updated 7 Years ago

The Acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Larmode, has vowed to re-position the commission by embarking on an internal cleansing among its members of staff.
Updated 7 Years ago

The National Economic Council (NEC) Monday rose from a day-long meeting saying that it had decided to back the removal of fuel subsidy from next year to protect the economy from suffering more adverse consequences akin to what happened to Greece.
Updated 7 Years ago

Nigeria’s electricity supply will hit 6,000megawatts within the next nine months as Egbin Power Station, the country’s biggest power-generating plant with a capacity of 1,320megawatts will hit its full capacity within this period, when the repair of Unit 6 would have been completed.
Updated 7 Years ago