Abe defends Sylva over alleged $650m oil scam cover-up
FORMER senator, Magnus Abe, has debunked allegations that the Minister of State for Petroleum, Chief Timipre Sylva, and his cronies were plotting to cover up
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Oil hits six-week high $68.47 as dollar weakens
The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected
CBN sacks Awosika, Otudeko, appoints new board for First Bank
The Central Bank of Nigeria (CBN) has approved the appointment of Tunde Hassan-Odukale as Chairman of First Bank of Nigeria Limited (FBN). CBN also approved
Maritime industry needs $3.4 trillion to replace existing ships
The shipping industry will need to invest about $3.4 trillion in the next 30 years to replace the existing fleet in line with the sector’s
Concerns over Nigeria’s moribund refineries despite expenditure
Concerns have been raised over huge funds being spent on Nigeria’s moribund refineries while generating minimal revenues for the nation. At a workshop yesterday tagged:
How litigation stalled $5.6b Mambilla power project
Minister of Power, Sale Mamman, yesterday, in Abuja, said the ongoing legal battle with a former contractor of the $5.5 billion Mambilla Hydro Electric Power
Local airlines to roll out common ticket under interline pact
Two local carriers have entered into a rare interlining arrangement that offers customers the benefit of the two airlines, using a single ticket. The Guardian
Addax/Sinopec: Group faults Buhari on restoration of OMLs, hails DPR on re-allocation
An oil industry group, Oil Industry Indigenous Capacity Action Committee, has faulted President Muhammadu Buhari’s order for the restoration of an earlier cancelled Oil Mining
