There is oil in North, but not in commercial quantity— Geomorphologist
Leading geomorphologist, Dr. Isaac Undu, has advised the federal government and the Nigerian National Petroleum Corporation (NNPC), to stop spending scare resources in searching for hydrocarbons in any part of the Northern Nigeria. In an interview on Sunday, the Benue-born…
Aiteo boss links crisis to toxic culture of politically motivated witch-hunts
…Hires UK, US best law firms Fresh and chilling reasons have emerged on why the embattled Executive Vice Chairman of Aiteo Group, Mr. Benedict Peters, has assembled UK-based Mishcon de Reya Law firm to address what he described as unfounded…
NASS, TCN on collusion over access to $1.5bn foreign facility
…Power sector has most abandoned contracts by FG Contrary to the allegation by House of Representatives that the Transmission Company of Nigeria (TCN) had accessed $1.5bn foreign credit facility in the last one year without due process and approvals, the…
$20m bribe saga: AGF delaying advice to NPA on indicted Swiss firm
Investigations at the Nigerian Ports Authority (NPA) on the response of the Attorney General of the Federation, Abubakar Malami, on the authority’s request for advise on whether to continue relationship with the Swiss firm convicted for spending $20m in bribing…
Amaechi, Adeosun differ on use of $5.5bn foreign loan
Confusion and policy inconsistency are currently playing out between two cabinet members of President Muhammadu Buhari administration on the use of the new but controversial $5.5bn loan expected from abroad any time soon.. The Minister of Transportation, Mr. Rotimi Amaechi…
ICT: Why OEMs prefer manufacturing Nigeria bound products abroad
Shocking details are beginning to emerge on why several fast moving electronic devices especially smartphones and other Original Equipment Manufacturers’ (OEMs) products targeting Nigerian market are not manufactured in the country. For example a report said while it is not…
4G licencing runs into scandal in Ghana, lawmakers wade in
A puzzle surrounding how and why a fairly new company, Busy Ghana, suddenly acquired 4G licence without due process is now raising dusts in the country. Besides, the company is not even on the National Communications Authority’s (NCA) website as…
Stanbic Silver banking scheme tailored to ease transactions —Sogunle
The managing director and chief executive officer of Stanbic IBTC Bank, Dr. Demola Sogunle has described the bank’s new product offering, Stanbic Silver Banking service as an attestation of the bank’s desire to step up customer’s ease of banking transactions….
Gencos now reducing generation due to rejection by Discos
To limit increasing wastages due to growing rejection of loads by power Distribution companies (Discos), some power Generation companies (Gencos) has started reducing investments in power generation as part of cost economics. Leading hydro electric power producers, Jebba and Kainji…
Mobil reaches terms with Qua Iboe Power plant on ownership
Oil giant, Mobil Producing Nigeria Limited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC)/MPN joint venture, on Thursday, reached commercial terms with Qua Iboe Power Plant Limited (QIPPL) for the transfer of ownership of the Qua Iboe power project….
