News

Air traffic engineers back down on strike

The National Association of Air Traffic Engineers (NAAE) has suspended its plans to embark on strike. It took eight hours yesterday for the Nigerian Airspace Management Agency (NAMA) authorities to prevail on the aggrieved workers not to down tools. The … read more

FG halts nationwide oil workers strike

STRONG indication emerged after the top secret security meeting between the Presidency and the leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum Gas Workers (NUPENG) on Monday that the … read more

Market rebound collapses again

The rebound, which the capital market recorded last week Friday after weeks of consecutive losses, collapsed at the close of Monday’s trading. The Nigerian Stock Exchange’s market capitalisation and All-Share index were down by 0.36 per cent each. Over N16.52 … read more

Expat kidnapped in Lagos

OOL sources inform us that a Lebanese national was kidnapped yesterday evening in Victoria Island, Lagos. The incident occurred at 17:40hrs and the man was taken from a construction site on Mbadiwe Azikwe. The site is located right on the … read more

Vaswani Brothers Hit Back At EFCC

Barely 24 hours after they were declared wanted over a fresh N3billion fraud, the Vaswani brothers yesterday insisted that they are being witch-hunted by the Economic and Financial Crimes Commission. The Chairman of the EFCC, Mrs. Farida Waziri, had on … read more

Nigerian in court for allegedly scamming American

A Nigerian businessman has appeared in court for allegedly defrauding an American citizen of 1.8 million dollars by promising him a non-existent oil contract, the anti-graft agency said Sunday. The government’s Economic and Financial Crimes Commission (EFCC) said 49-year-old Collins … read more

Strike: Oil Workers, FG Meet Tomorrow

Representatives of the oil unions will meet government officials on Monday in hopes of averting a workers strike over security fears in the restive Niger Delta, a senior union official said yesterday. Petroleum, Energy and Gas Senior Staff Association of … read more