(By Vanguard) The Senate will today begin an inquest into alleged mismanagement of funds appropriated to the power sector from the Olusegun Obasanjo civilian administration to date. In a statement, yesterday, by the Clerk of Senate ad hoc Committee on Power, Cletus Ojabo, the power sector probe will be in the form of investigative hearing/interactive […]
Continue Reading
Members of staff of Nigerdock (Snake Island) had a peaceful protest on Friday, where they complained to the management of the company about series of unfair sacking and delayed salaries. The protesting workers however continued the protest this morning, Monday, 7th of September, in a bid to be heard. The management who had sensed the […]
Continue Reading
The Nigerian National Petroleum Corperation (NNPC) has begun the process of recovering over $7 billion in over-deducted tax benefits from JV Partners on major capital projects and another $2.46 billion from inflated contracts at NPDC. This information is contained in a report submitted to President Muhammadu Buhari by the new management of the NNPC, detailing its […]
Continue Reading
“Nigeria is a promise land…” Many children in the country marched to this song in their early years and this notion appears to be coming true, at least in its luxury travel industry. In recent times, there have been developments that point to Nigeria capacity to rank among the top ten luxury travel destinations in the world. Jovago.com, […]
Continue Reading
Declares 20 Kobo Interim Dividend Pan-African financial services group, United Bank for Africa Plc, has announced its audited 2015 half year financial results. The results showed strong growth in earnings and profits, as the Bank continued to benefit from its determination to provide value to its large customer base in Nigeria, its increasingly important pan African […]
Continue Reading
Spokesman for the Nigerian National Petroleum Corporation, Ohi Alegbe said the refinery would only restart when it had enough crude to keep it going for at least 25 days. It was reported last week that Warri refinery has undergone a temporary closure because there was insufficient crude in the system, adding it expected to resume […]
Continue Reading
Nigerian Diplomat and Billionaire businessman, Chief Antonio Deinde Fernandez, has passed away at the age of 79. The news of his death was broken on Twitter Tuesday by Ovation magazine publisher, Chief Dele Momodu. “Nigeria, and indeed Africa, has just lost one of its greatest sons; AMBASSADOR CHIEF ANTONIO DEHINDE FERNANDEZ is gone!” Dele Momodu […]
Continue Reading
A Fresh approach in the fight against the perennial problem of oil theft and pipeline vandalism appeared on the horizon on Tuesday with the disclosure by the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu that the Corporation is working towards the deployment of drones across the nation’s territorial waters […]
Continue Reading
The Nigerian National Petroleum Corporation, on Friday, stated that it has shut down the Warri Refineries due to operational challenges. Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ohi Alegbe, disclosed this, while noting that the refinery is expected to be reopened for operations on Tuesday. He said the decision to shut down […]
Continue ReadingAccusations against former secretary to the Nigerian government, Senator Anyim Pius Anyim, that he hijacked the Centenary City project in Abuja will be laid to rest tomorrow. Former military head of state, General Abubakar Abdulsalami , who chairs the board of directors of the new city project will brief President Muhammadu Buhari on the project. […]
Continue Reading