‘Agriculture Alone Can Sustain Nigeria’s Economy’
Posted by chuks.oluigbo on Dec 19, 2011 | Leave a Comment
The abandonment of agriculture and overdependence on oil wealth, no doubt, is a key factor in the economic problems plaguing the Nigerian nation today. This has led to external food dependence, that is, virtual reliance on imported food. While many think there is no way out, Chinedu Ogah, director of Chiboy Integrated Farms, Abakaliki, thinks differently. In this interview with Okey EGBOLUCHE in Abakaliki, the enterprising...
Pencom Assets Hit N2.4 trn
Posted by chinedu.maduka on Dec 01, 2011 | Leave a Comment
From Tunde Animasaun
Director General, National Pension Commission, Mall. Muhammad Kabir Ahmad has disclosed that the commission’s fund has reached N2. 4 trillion.
Ahmad, who was represented by Mr. Manzuma Tsoede Mamman, Director of Admin, PenCom, made this disclosure at the one day workshop organized by the commission for finance, insurance and labour writers’ in enugu yesterday.
Reviewing the performance of the...
An Airline’s Many Foibles
Posted by chinedu.maduka on Nov 29, 2011 | 1 Comment
When salt loses its taste, it becomes worthless. What then happens when an airline fails its passengers and almost makes caricature of them?
By Ngozi OBIOGBOLU
Additional reports by Chuks OLUIGBO
Air Nigeria, an indigenous airline owned by Nigerian-born business mogul, Jimoh Ibrahim, has recently been encountering series of operational problems, which have also affected the quality of its service delivery to its numerous...
Mira Update On Re-Entry, Testing Of Tom Shot Bank 1 Well
Posted by chinedu.maduka on Nov 28, 2011 | Leave a Comment
By Margaret Nongo-OKOJOKWU
Mira Resources and its wholly owned subsidiary Equinox TSB Development (Nigeria) have announced an operational update on re-entry and testing program for Tom Shot Bank 1 well (TSB1).
Further to the preliminary results from the newly acquired cased-hole logs in TSB1 announced on November 16, Mira has continued to refine the processing and interpretation of the logs. The updated logs indicate...
Umuorie Oil Spillage: FENRAD Accosts Shell
Posted by chinedu.maduka on Nov 28, 2011 | Leave a Comment
Once again, the global oil giant, Shell, is in the news for another oil spillage. This time around, the victims are the people of Umuorie in Abia State. And an FENRAD, an environmental and human rights activist group, insists Shell must make amends
By Margaret Nongo-OKOJOKWU
The woes of international oil giant, Shell, are far from over. Yet another oil spillage has been discovered in Umuorie community, between Ukwa West...
Lagos To Deliver Gas To One Million Homes
Posted by chinedu.maduka on Nov 28, 2011 | Leave a Comment
The Lagos State government said it plans to deliver Liquefied Petroleum Gas, LPG, also known as cooking gas to one million homes within the next four years. The Commissioner for Energy and Mineral Resources, Mr. Toafik Tijani, also said the state government plans that 50 percent of its vehicles will run on gas, 10 percent on private vehicles and also use it to independent power project, IPP.
Speaking at a recent gas conference,...
Lagos Trade Fair 2011: A Mixed Grill
Posted by chinedu.maduka on Nov 28, 2011 | Leave a Comment
Even though the 2011 Lagos International Trade Fair, which ended on November 13, 2011, has left different impressions on different people, its organisers, the LCCI, insist it was well organised
By Chukwudi OHIRI
It was mixed bag of reactions as the 2011 Lagos International Trade Fair came to a close on November 13, 2011. While most of the exhibitors as well as buyers lamented the poor organization and conduct of the fair,...
Global Rating Giant, Moody’s Set to Enter Nigerian Market
Posted by chinedu.maduka on Nov 18, 2011 | Leave a Comment
Dr. Ngozi Okonjo-Iweala, Nigeria's Finance Minister
Moody’s Corporation, the international financial research company is making inroads into the Nigerian market. The company will make its introductory foray into the Nigerian marketplace in a breakfast session on Nigeria’s corporate rating followed by a session on Nigeria’s sovereign rating on December 1, 2011. The sessions will look at imperatives of the sovereign...
Banker Charged With N209m Fraud
Posted by chinedu.maduka on Nov 10, 2011 | Leave a Comment
A banker with the Allen branch of Ecobank Plc, Tosin Lawal and her husband, Michael has been charged with stealing the sum of N209, 674,267.
According to the State Criminal Investigation Department of the Nigeria Police, Panti, Yaba, Lagos State, Nigeria, which filed a four-count criminal charge of conspiracy and stealing against the defendants, the crime was committed 22 April and 6 September, 2011.
In the said charge...
PM to Resign as Italy Embarks on Austerity Measures
Posted by chinedu.maduka on Nov 09, 2011 | Leave a Comment
Embattled prime minister of Italy, Silvio Berlusconi will resign soon.
A statement from the office of the Italian President Giorgio Napolitano states that the prime minister will resign shortly after the country begins a series of austerity measures aimed at addressing the country’s dwindling economic fortunes.
Either an interim government will be formed, the statement said, or elections will be called soon after the...
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