The Federal Government on Friday said it was averse to skyrocketing oil prices because of plans by some countries to dump oil and go for other sources of energy. The Minister of State for Petroleum, Mr. Edmund Daukoru revealed this … read more
The steady slump in power generation reached all-time low in the past two weeks in the Lagos area where the Power Holding Company of Nigeria (PHCN) is struggling to supply a trickle 200 megawatts of electricity. This has plunged the … read more
Governor, Central Bank of Nigeria (CBN), Professor Charles Soludo yesterday advocated the amendment of the Constitution to the extent that revenues accruing from oil will be �appropriately� managed. He made this call as the CBN disclosed that the nation�s gross … read more
FIVE days after an uncompleted three-storey building collapsed in Ajao Estate in Lagos, rescue workers yesterday recovered three trapped bodies. Some relations of the victims who were at the scene of the incident, expressed dissatisfaction over the slow rescue operation. … read more
Police high command is facing intense pressure from politicians who have applied for policemen as security aides following reported cases of insecurity nationwide. The politicians are reacting to ongoing heightened political activities throughout the federation. The politicians who are said … read more
MANUFACTURERS of glass-bottled soft drinks which are prone to harbouring particles injurious to human health, now have a year’s grace, up to January 1, 2008 to package their products in plastic bottles. NAFDAC Director General, Dora Akunyili who handed down … read more
Operatives of the Econ-omic and Financial Crimes Commission (EFCC) yesterday stormed three companies in Enugu State capital allegedly linked to Enugu State Governor, Dr. Chimaroke Nnamani, arre-sting no fewer than 50 top officials and workers for questioning. The raid and … read more
Federal Governm- ent yesterday ordered Sosoliso airlines to pay compensation and claims to parents of students who died in a crash involving it in Port Harcourt in December 10 2005. The Minister of Aviation, Chief Femi Fani-Kayode revealed this in … read more
Washington does not believe military force can resolve the Niger Delta question and has rejected Abuja�s request to deploy American marines in the region. Such a deployment would have been part of an Africa Military Command approved by President George … read more
Fuel imports by the Nigerian National Petroleum Corporation (NNPC) amounted to N201.02 billion between January and October, translated as 7.976 billion litres or 91.27 per cent of demand. Other marketers, major and minor, all imported 1.936 billion litres, worth N17.48 … read more