
Mobil Producing Nigeria (MPN) has pledged to fund community development projects worth N2 billion in its host communities in Akwa Ibom to sooth frayed nerves over oil spills in the area. Chief Udo Asubob, Chairman, Esit Eket Development Association, said in Eket, Akwa Ibom, that the oil firm had offered to fund projects in four [...]
June 28, 2010 | Posted in
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The Managing Director of the Niger Delta Development Commission (NDDC), Mr. Chibuzor Ugwuoha, was yesterday reprimanded by the Rivers State Governor, Rt. Hon. Chibuike Rotimi Amaechi for contravening traffic offence in Port Harcourt, by allowing his convoy to drive one-way against the traffic while seated in his car. The incident which occurred at 3.22pm local [...]
June 28, 2010 | Posted in
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These days as we approach 2011, the tempo of activities both political and anti-Nigeria by our Nigerian leaders seem to be on the rise. As if that was not bad enough, our now super chickens formerly Super Eagles fumbled out of the World Cup for which Kaitas, Aiyegbenis, Kanus, NFF and Lagerback of this world [...]
June 28, 2010 | Posted in
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The Mile One Market Traders Association (MOMTA) has again reacted to a recent government advertorial calling on interested members of the public to purchase forms for the allocation of stalls at the newly completed portions of the market. In a statement signed by the chairman, Mr Daniel Iheme and the secretary, Mr Uche Marvelous said [...]
June 28, 2010 | Posted in
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The Inter-Ministerial Committee on the revival of the automobile industry has identified low patronage and high operational costs as factors militating against the smooth operation of local automobile firms. Other problems, according to the committee, include low capacity utilisation and insufficient government protection in form of tariff control. Mrs Josephine Tapgun, Minister of State for [...]
June 28, 2010 | Posted in
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The Federal Government has directed all telecommunications operators in the country to discontinue the sale of unregistered SIM cards. Dora Akunyili, the Minister of Information and Communications, gave the directive on Thursday during a meeting with the operators in Abuja. “You are hereby directed to stop, forthwith, any sale of new SIM cards without capturing [...]
June 28, 2010 | Posted in
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The Nigeria Customs Service, Federal Operations Unit, has generated N127.6m revenue and recorded 843 seizures for the first half of the year, 2010.The Area Controller of the Command, Mr. Emmanuel Kane, said this during an inspection tour of the seized items in Lagos on Thursday. He said, “During this period, the Command recorded a total [...]
June 28, 2010 | Posted in
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The Asset Management Corporation of Nigeria (AMCON) Bill has been passed following its harmonisation by the committee set up by the two chambers of the National Assembly. The Central Bank of Nigeria (CBN) made this known on Thursday in a statement issued on its website. It said the bill was passed by the Senate on [...]
June 28, 2010 | Posted in
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The International Bank for Reconstruction and Development, alias World Bank, has set aside $20 million for the development of tourism in Nigeria under the Micro, Small and Medium Enterprises (MSME) project. This is in addition to more than N150 million it has so far spent on Tourism Employment and Opportunities (TEMPO) component of the MSME [...]
June 28, 2010 | Posted in
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South Africa’s national debt is expected to balloon to 44 per cent of gross domestic product by 2015/16 before declining gradually, Finance Minister Pravin Gordhan said on Thursday. Africa’s largest economy emerged from its first recession in 17 years last year, but still struggles with lackluster consumer spending, high unemployment and uncertainty about the outlook [...]
June 28, 2010 | Posted in
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