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Friday 24th January 2020,
Hope for Nigeria

FG Approves Oil Bunkering Operations in Nigerian Waters

By Ejiofor Alike As part of efforts to make Nigeria the hub of oil and gas business, as well as marine activities, the federal government has approved the resuscitation of bunkering operations in Nigerian territorial waters, a few years after [...]

January 9, 2014 Oil & Gas

Lemo retires as CBN deputy governor on Friday

The Deputy Governor, Operations, Central Bank of Nigeria, Mr. Tunde Lemo, will this Friday retire from the bank. Lemo is believed to be among the top contenders to replace the CBN Governor, Mr. Lamido Sanusi, whose tenure ends in June. [...]

January 9, 2014 Finance

Teenager becomes youngest person to be called to the Bar

A teenager has become the youngest person to qualify as a barrister in the 600 year history of the profession – so she can work in the Bahamas. American student Gabrielle Turnquest was called to the Bar of England and [...]

January 9, 2014 Education
Stakeholder urges FG to review port tariffs for more revenue

Stakeholder urges FG to review port tariffs for more revenue

The Chairman of Dock Management Nigeria Ltd, Alhaji Moshood Salvador, said government could get N4.6 trillion revenue through the Customs duties and ports charges. Salvador told the News Agency of Nigeria (NAN) in Lagos that if Federal Government could make [...]

January 9, 2014 Business

Jonathan Issues Six-month Ultimatum on Stable Power

• Charges Waziri to swiftly change TCN’s fortunes • Threatens to reverse sale of non-performing Discos, Gencos By Chineme Okafor President Goodluck Jonathan has issued an explicit ultimatum to managers of Nigeria’s electricity sector, especially the Ministry of Power to [...]

January 9, 2014 Power

Presidency to get draft revenue formula soon – RMAFC

The draft revenue formula will soon be sent to the Presidency, the Revenue Mobilisation Allocation and Fiscal Commission has said. In a telephone interview with our correspondent in Abuja on Tuesday, the Head, Public Relations, RMAFC, Mr. Ibrahim Mohammed, said [...]

January 9, 2014 Government and politics

IRB supports unions in European Cup row

English clubs have pulled out of next season’s European Cup, unhappy with the way existing organisers European Rugby Cup (ERC) have run the event, both from a sporting and commercial viewpoint. The Premiership clubs have invited the four Welsh regions, [...]

January 9, 2014 International, Sports

Trial of former Egyptian President Mohamed Morsy postponed until Feb 1

Cairo: An Egyptian court adjourned the trial of ousted President Mohammed Morsi, who is facing charges of inciting the murders of at least three protesters in 2012, has been postponed until February 1 because he did not appear in court [...]

January 9, 2014 International

Chemical weapons ship out

“Priority” chemicals were loaded onto the ship in the Syrian port of Lattakia on Tuesday, said the Organisation for the Prohibition of Chemical Weapons, which is overseeing the operation. The ship will wait offshore for the arrival of more of [...]

January 9, 2014 International

Five arrested in killing of former Miss Venezuela and ex-husband

The unidentified suspects were arrested for killing Monica Spear, 29, and her ex-husband, 39-year-old Thomas Berry – who were gunned down in front of their 5-year-old daughter during a botched roadside robbery, police said. The little girl, Maya, survived with [...]

January 9, 2014 General

Oil Workers’ Strike Averted as FG Reverses Decision to Sell Refineries

Damilola Oyedele The looming strike by workers in the oil and gas sector has been averted as the federal government has shelved its earlier decision to sell the nation’s four refineries. The government would now work with the unions in [...]

January 8, 2014 General, Oil & Gas

SA top of Africa’s wealth list

Zimbabweans are among the poorest people in Africa, with the country’s controversial indigenisation laws expected to further erode their wealth, while South Africa tops the continent’s list of wealth per capita, a new survey released on Tuesday showed. South Africa’s [...]

January 8, 2014 General

Supervolcano eruptions are different from ordinary eruptions, say scientists

Not all volcanic eruptions are created equal, suggests a new report on supervolcanoes, the geologic monsters capable of spewing enough ash, pumice, and lava to create mass extinctions and mini ice ages. Bigger eruptions happen much less frequently than small [...]

January 7, 2014 Environmental issues, Geography, International

SpaceX starts new year with success

CAPE CANAVERAL — SpaceX got the Cape’s 2014 launch schedule off to a positive start Monday with a Falcon 9 rocket’s delivery of a Thai broadcasting satellite to orbit. The 224-foot rocket blasted off on time at 5:06 p.m. and quickly [...]

January 7, 2014 General
maritime sector

Judiciary support required to tackle maritime crimes – NIMASA

The Nigerian Maritime Administration and Safety Agency (NIMASA) has called for the support of the country’s judicial system to enable it curb criminal activities in the nation’s maritime sector. The Director General of the Agency, Mr. Ziakede Patrick Akpobolokemi,made the [...]

January 7, 2014 Transportation
Nigeria Israel

Nigeria, Israel sign Bilateral Air Services Agreement

Nigeria and the State of Israel in Jerusalem on Monday signed a  Bilateral Air Services Agreement (BASA) to pave way for direct flights between them.   The Acting Minister of Foreign Affairs, Prof. Viola Onwuliri, representing President Goodluck Jonathan, signed [...]

January 7, 2014 Business

Nigeria responsible for one-third of Africa-China trade – Jonathan

President Goodluck Jonathan on Monday observed that one-third of the volume of trade between Africa and China was currently taking place with Nigeria. A statement by a Presidential spokesman, Dr. Reuben Abati, quoted the President as saying this while receiving [...]

January 7, 2014 Business

Country Loses $2.5bn Yearly to Delay of Train 7

The Managing Director/Chief Executive Officer of the Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Babs Omotowa, has stated that Nigeria is losing $2.5 billion revenue yearly  due to the delay in the take-off of the company’s seventh train. Speaking Monday [...]

January 7, 2014 Oil & Gas

Manufacturing – LCCI Hopes for Improved Business Environment

Lagos Chamber of Commerce and Industry, LCCI, expressed optimism of improved business environment in 2014 in spite of persisting challenges facing the real sector. Alhaji Remi Bello, President of LCCI told Financial Vangaurd, “SMEs and the manufacturing sector remains the [...]

January 7, 2014 Business, Economy, Environmental issues

Serena should surpass 20 grand slam titles: Navratilova

Melbourne: World number one Serena Williams shows no sign of slowing down with age and should win more than 20 grand slam singles titles, former great Martina Navratilova has said. The 57-year-old Navratilova who won 18 grand slam singles titles, [...]

January 7, 2014 International, Sports

Manager confirms Michael Schumacher is still not out of danger

The former Ferrari and Mercedes driver remains in an induced coma at Grenoble Hospital after suffering a ‘severe head trauma’ during last Sunday’s accident. On Monday, the medical team treating the German released a brief update which confirmed Schumacher’s condition continued to [...]

January 7, 2014 International, Sports

Woods to launch 2014 campaign at Torrey Pines

World No 1 Tiger Woods will launch his 2014 campaign at one of his favourite venues, having committed on Monday to play in this month’s Farmers Insurance Open at Torrey Pines, tournament organisers said. Woods won the event there for [...]

January 7, 2014 International, Sports

Eagles to Camp in Mexico for World Cup

The Technical Committee of the Nigeria Football Federation (NFF) has made a slight amendment to the national team’s World Cup programme by proposing a training camp in Mexico in May- June. Super Eagles coach Stephen Keshi’s original programme sought the [...]

January 7, 2014 International, Sports

Central Banks and the pursuit of excellence

Last week this column reflected on the centenary of the U.S. Federal Reserve. This week we conclude those reflections by considering the imperatives of excellence in central banking. Central banks are public monopolies that control the issuance of legal tender. [...]

January 7, 2014 General, International

Over 1,900 Flights Operated in MMIA during Yuletide

Over 1,900 flights operated through the Murtala Muhammed International Airport, Lagos during the just concluded festive season, according to the Nigerian Airspace Management Agency (NAMA). The Agency said that a total of 170,749 passengers were ferried in and out of [...]

January 7, 2014 General, Transportation

Africa needs Marshall plan to jump-start growth

Among Africa’s many challenges, unemployment, independent of any other factor, threatens to derail the economic promise the continent deserves. It’s a time bomb with no geographical boundaries: Economists expect Africa to create 54 million new jobs by 2020, but 122 [...]

January 7, 2014 Africa

Best ‘new car buys’ for 2014 named

CarBuyer, the UK’s fastest-growing car buying advice website, has named its best new car buys for 2014. Hyundai’s new i10 has been named Best City Car and overall Car of the Year, with judges praising its quality, refinement, style and [...]

January 6, 2014 International, Technology, Transportation

Oprah Winfrey acquires Mandela movie rights

Johannesburg, Jan 06 (ANI):Oprah Winfrey Network (OWN) has acquired television rights of film ‘ Mandela: Long Walk to Freedom.’ It will take more than three years before the film is shown on TV and when it is, it will be premiered by [...]

January 6, 2014 General, Nollywood
Ebonyi Market

Ebony Market Engulfed In Flames

Tragedy struck yesterday in Ebonyi State when a section of the popular Ishieke Market in Ebonyi local government area of Ebonyi State was gutted by fire which destroyed properties and other items in different shops in the market valued at [...]

January 6, 2014 Incidents

Edinburgh sign SA centre Andries Strauss

Edinburgh Rugby have added to their backline stocks with the addition of experienced Super Rugby centre Andries Strauss until the summer of 2016. The 29-year-old South African has made 56 appearances in the southern hemisphere’s top tier, having plied his [...]

January 6, 2014 Africa, Sports