Few days after a major artery in its pipeline networks located at Ije-Ododo, Amuwo-Odofin area of Lagos was vandalised and resulted into a fire outbreak, the Nigerian National Petroleum Corporation (NNPC) has announced the comprehensive restoration of the pipeline to normalcy.
Updated 7 Years ago

New Years day is the most meaninglessly meaningful day of the year. Up until the 1600’s January 1st was not the official New Year even in England. For all of those who point to signs in the sky and a divine meaning for the 1st day of the year sorry to say there is nothing there. In China the New Year can fall anywhere between January 21st and February 21st. The Tibetan New Year falls between January and March, even in Christianity at one point the New Year was set at March 25th. The Malayali people of India, Iranians, Punjabis, Aztecs, the French, and Ancient Nigerian/African traditions all celebrated New Years eve at a day other than Jan 1st.
Updated 7 Years ago

Chelsea midfielder John Obi Mikel is backing Nigeria coach Stephen Keshi to make history by winning the 2013 Africa Cup of Nations as a coach after he won it in 1994 as a player. Mikel has maintained that with good preparation and determination by the players, the Super Eagles could be crowned African champions in South Africa for a third time. However, he has not ruled out a few shocks at the tournament in South Africa, tipping defending champions Zambia and West African islanders from Cape Verde, who knocked out four-time champions Cameroon, to cause a few upsets.
Updated 7 Years ago

The House of Representatives Committee on Public Petitions Thursday threatened to issue warrants of arrest on the Group Managing Director of Access Bank Plc, Mr. Aigboje Aig-Imokhuede and the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, over their continued refusal to appear before the committee to assist in resolving the dispute between Capital Oil Plc and Coscharis Motors Limited.
Updated 7 Years ago

In a mega deal that would shock both friends and competitors, D’banj has signed a distribution pact with UK giant music label, Sony Music Entertainment’s RCA Africa label; one of the flagship labels under Sony Music Entertainment. The mouth watering deal we are told also takes on his younger brother; K Switch who now enjoys a multi-album, worldwide exclusive contract with RCA.
Updated 7 Years ago

Jonah Otunla, Accountant General of the Federation (AGF), on Thursday rated Central Bank of Nigeria (CBN) as the highest revenue generating agency of the Federal Government for the year 2012 with N114.2 billion paid as operating surplus into the consolidated account as at November 2012.
Updated 7 Years ago

As security agents intensify the search for Prof. Kamene Okonjo, the abducted mother of the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, hope for a clue on her whereabouts rose yesterday with the arrest of more suspects.
Updated 7 Years ago

What would have been a major fire disaster in Lagos State was averted Sunday when people joined hands to put out a fire outbreak that would have consumed the official quarters of Lagos State Deputy Governor, Mrs. Adejoke Orelope-Adefulire.
Updated 7 Years ago

Three years into the landing of submarine cables also known as fibre optic cables in Nigeria from separate cable operators, Nigeria is yet to make maximum use of the cable capacities. Main One, one of the cable operators, told THISDAY that Nigeria was yet to utilise 5 per cent of its cable capacities, and that the same was applicable to other cable operators like Glo 1, and MTN WACS.
Updated 7 Years ago

In the last two weeks, activities in the cement sub-sector have been on the downtrend owing to increased importation and has now resulted in a sub-sector average loss of 2.23 percent as investor sentiments in the sector waned, translating to a negative, against the available positive sentiments, (though with cautious bargain) in the general market, BusinessDay investigations have shown.
Updated 7 Years ago