British Airways, others are exploiting Nigerians – Mark

British Airways, others are exploiting Nigerians – Mark

Senate President, Senator David Mark, on Tuesday said the Senate will take measures to stop foreign airlines operating in the country, including British Airways (BA) and Virgin Atlantic, from continuing to exploit Nigerians. Mark stated this during the consideration of the report of the Senate Committee on Aviation on alleged violation of Aviation Laws and […]

German experts visit Osun to boost agriculture

German experts visit Osun to boost agriculture

The Osun State Government and the State of Saxony-Anhalt in the Federal Republic of Germany are working towards a partnership on agriculture. At a dinner in honour of seven German experts in agriculture, held at the Government House in Osogbo, the state capital, Governor Rauf Aregbesola said he was eager to see how the experts […]

Oil feud: Jonathan, Amaechi, Kalabari elders to meet

Oil feud: Jonathan, Amaechi, Kalabari elders to meet

President Goodluck Jonathan,  may have  invited Governor Rotimi Amaechi of Rivers State, over the lingering oil wells feud between Rivers and Bayelsa  states. Jonathan’s intervention in the dispute is coming barely 24 hours after he mediated in another row among Anambra, Kogi and Enugu states. Some Kalabari elders in Rivers State had accused Jonathan of […]

Fuel scarcity: It’s above N97 pump price in Asaba

Fuel scarcity: It’s above N97 pump price in Asaba

  Majority of petrol stations in Asaba, Delta State capital and environs are selling petrol above the official pump price of N97 per litre. Investigation by our reporter revealed that the filling stations sell between N110 and N120 per litre. Except the three NNPC fuel depots located in Asaba, Total and Mobile filling stations, virtually […]

CBN monetary policy: Boosting external reserves, hurting businesses – Analysts

The monetary policy adopted by the Central Bank of Nigeria has impacted positively on Nigeria’s foreign exchange reserves but businesses are faced with high cost of borrowing, writes Okechukwu Nnodim Economists and financial analysts have expressed varied views regarding  the determination  of the Central Bank of Nigeria to maintain its monetary tightening measures. While some of […]

Agriculture can overtake oil in export revenue

Agriculture can overtake oil in export revenue

Obumneme Umeokafor is the Managing Director of Jocarol Nigeria Ltd. He tells ADEOLA BALOGUN that Nigeria stands to earn more from non-oil exports if the current drive in agriculture is sustained How will you assess the current efforts of government towards the promotion of agricultural products for export trade? The present Minister of Trade and Investment, Mr. […]

Ribadu Panel’s report: N86.6b oil cash missing

A Federal Government committee headed by former anti-corruption agency chief Nuhu Ribadu has unearthed a cesspool of fraud and corruption in the oil industry. About N86.65 billion earned in 10 years by oil giant Nigeria National Petroleum Corporation (NNPC) is missing, according to the committee’s report. Billions of dollars of revenue is missing in unpaid […]

Bomb scare on Arik’s flight

Bomb scare on Arik’s flight

  -Panic as Abuja-bound passenger shouts Allahu Akbar – His family claims he’s mentally unstable, says SSS There was panic aboard an Arik Air flight yesterday when a passenger suddenly sprang up from his seat, shouting: Allahu Akbar (God is great). Some other passengers overpowered Aminu Galadima, apparently believing that he was about to detonate a […]

Why Edo, Delta, Ondo, Ekiti lost bid, by NCP

Why Edo, Delta, Ondo, Ekiti lost bid, by NCP

  Govt agencies defend sale of PHCN firm   The Federal Government rose yesterday in defence of the power sector’s privatisation, after some governors said it was fraudulent. The National Council on Privatisation (NCP) and the Bureau of Public Enterprises (BPE) are fighting off allegations of corruption, lack of transparency and opaque selection levelled by the […]

Delta, Edo, Ekiti, Ondo reject sale of PHCN firm

Delta, Edo, Ekiti, Ondo reject sale of PHCN firm

Governors of four states that lost the bid for the Benin Electricity Distribution Company (DISCO) have vowed to stop the winner, Vigeo Power Consortium, from taking its prize. The four states bidded for the Benin DISCO, one of the offspring of the behemoth Power Holding Company of Nigeria (PHCN), through their technical partner, Southern Electricity […]