The Nigeria Union of Pensioners (NUP) has charged the Federal Government to probe the financial commitment of the Minister of State for Aviation, Hadi Sirika, to the suspended national carrier project, Nigeria Air. The union alleged that Sirika was secretive about the spending of government to the project, saying that once investigated, billions of naira […]
International business leader and founder of Aiteo Group, Benedict Peters, has emerged ‘Africa’s Oil and Gas Leader of the Year’ at Forbes’ Best of Africa Gala held at Forbes Headquarters, New York, United States. Benedict. The award acknowledged Peters’ significant contribution to oil and gas development in Africa by visionary leadership, distinguished service and transformational […]
European Union nations may boast the world’s most stringent anti-money laundering rules, but recent scandals show that money launderers are good at exploiting the bloc’s Achilles’ heel: A patent lack of coordination. “There are problems relating to coordination at various levels: at the national level, between prudential and anti-money laundering institutions, and between states and […]
Iraq’s ministry of oil has published a very optimistic report on the country’s capability to ramp up production, but internal political issues could lead to a new crisis after this weekend. At the same time that a new Iraqi government is forming, a government that is increasing Iranian influence within Iraq, another election is threatening […]
ExxonMobil (NYSE: XOM) has been under pressure to do something to fix its sagging production, which slid 3% during the second quarter and impacted the company’s ability to cash in on higher oil prices. That led it to unveil a bold plan earlier this year that would see it boost its production up to 5 […]
The Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the United Labour Congress (ULC), have called of their warning strike for a new minimum wage. The strike was embarked upon on Sept. 26. The News Agency of Nigeria (NAN) reports that the organised labour had embarked on the strike after a 14-day ultimatum to […]
The development potential of Nigerian mini-grids – generation and distribution systems capable of supplying up to 1 MW of capacity from renewable sources, independent of national transmission networks – is valued at up to $20bn, according to a report issued in late August by private sector think tank Nigerian Economic Summit Group and the U.S.-based […]
The Nigeria Governors’ Forum (NGF) has disclosed that the country has attracted $10.5 billion worth of Public-Private-Partnership investments into the country since 2000, going by available World Bank records. This was as the body signed a Memorandum of Understanding with the Acting Director General of the Infrastructure Concession Regulatory Commission (ICRC), Chidi Izuwa to boost […]
To ensure grass root businesses thrives online, Small, Medium Entrepreneurs at Oshodi Isolo Lagos has been tasked to get involved in the digital economy across Nigeria and the world. Speaking at the #Oshodibusinessconnect launch of a mobile app in Lagos, Ngozi Iwere Director of Community Life Project (CLP) and coordinator of Reclaim Naija said: “ […]
Daniel Sturridge’s brilliant long-range strike a minute from full-time at Stamford Bridge in London preserved Liverpool’s unbeaten league run. Chelsea were leading 1-0 before Sturridge struck. Eden Hazard had given the hosts the lead on 25th-minute, after he curled the ball to the far left of the keeper. Liverpool pressed for an equaliser, almost vainly. […]