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11 May 2010
THE Federal High Court in Benin at the weekend, granted an interim injunction restraining the Niger Delta Development Commission (NDDC) and the Attorney General of the Federation from continuing with the over N350 million Obe-Umoghun road construction project in Orhionmwon Local Government Area of Edo State.Others restrained include the Director General of the Bureau of…
11 May 2010
AGAINST the backdrop of the harsh operating environment characterised by the protacted power supply challenge, which became the albatross for most manufacturers, Fan Milk Plc, producers of frozen dairy products, invested about N600 million in its operations during the 2009 financial year.The investment, which formed part of the strategies for the strengthening of the market…
11 May 2010
Various calls were made at a research review jplanning workshop for the advancement of agricultural research in the country with the Executive Director jChief Executive Officer of National Root Crops Research Institute (NRCRI) Umudike Umuahia in Abia state, Dr Kenneth Nwosu canvassing allocation of an intervention fund he said will quickly transform his NRCRI into…
11 May 2010
TO curtail cost and ensure uninterrupted operations, the management of Benue Cement Company Plc (BCC) has concluded plans to install coal as an alternative to fuel for the firing of its kilns.Already, according to BCC, letter of credit have been set up for the purchase of coal mills, adding that installation will be completed during…
11 May 2010
ARIT of Africa Limitde, exclusive distributor in Nigeria and Ghana for the multiple award-winning ESET NOD32 Antivirus & Smart Security solutions, is launching its latest version 4.2 at the CTO exhibition holding at the MUSON centre from May 11-14, 2010.Last year's exhibition saw the introduction of the 4.0 version. The 4.2 version promises to be…
4 May 2010
A bleak future may be the lot of Nigeria's power sector, going by a new report released by an international agency which predicted a slow growth in the troubled industry, which it said, may continue to suffer losses in the transmission and distribution network in the nearest future.The Companies and Market report, which evaluated the…
4 Feb 2010
RISING from a marathon meeting which lasted late into Tuesday night, the chairman of the Nigeria Labour Congress (NLC) Nasarawa State, Asoloko Marku, said that the industrial action which had shut down the civil service in Nasarawa State since Monday this week over the government's handling of PAYE tax was far from being resolved as it had entered its third day.
25 Dec 2009
ABOUT 13 years after its creation, Deputy Senate President, Ike Ekweremadu's Aninri Local Council of Enugu State went agog on Wednesday as its first electricity project was commissioned. It was indeed a delight to watch as children, young boys and girls, men, women and elderly leapt in frenzy and joyous celebrations as Ekweremadu, who facilitated the project, turned the hobs to switch on the lights, thus ending the nightmarish of the council. The N490 million project awarded by the Federal Government under the Rural Electrification Scheme was almost abandoned following the scrapping of the agency but for Ekweremadu, who hails from the council, that gave the contractor necessary encouragement which ensured the completion of the project.
25 Dec 2009
IT was another moment of celebration for Fan Milk Plc when the Managing Director of the dairy firm, Mr. Jens Erik Mollenbach, bagged an Achievers Distinguished Award at the Achievers Magazine's Merit Award ceremony held at the Premier Hotel, Ibadan recently, to honour deserving individuals for brilliant performances in their various fields of endeavour. The "Distinguished Award in Industry" conferred on Mollenbach was a direct result of his astuteness, dedication and resolute managerial prowess coupled with his performance of excellence in taking Fan Milk Plc to a greater height than he met the dairy firm two years ago.
25 Dec 2009
The scarcity of petroleum products continued to hit Borno and Yobe states, as motorists and commercial motorcycle operators besieged a handful of the filling stations that had fuel yesterday to dispense. The filling stations in Maiduguri and Damaturu were jam-packed with very long queues of vehicles and motorcycles, stretching up of two-three kilometres on Airport, Baga and Sir Kashim Ibrahim Way and roads.
25 Dec 2009
THE Standards Organisation of Nigeria (SON), has called on the National Assembly to legislate stiff penalties for importers of substandard products. The Director General of SON, Dr John Akanya, made the call in an interview with the News Agency of Nigeria in Abuja recently. Akanya blamed traders and marketers for going out to demand for low quality products to make more gains at the expense of the economy and the lives of the people.
25 Dec 2009
CRUDE oil prices traded little changed after a government report yesterday showed a larger-than-expected decline in U.S. stockpiles, signaling a recovery in fuel demand in the world's largest energy consumer. U.S. crude inventories fell for a third straight week, dropping to the lowest level since January, according to Wednesday's report. "The inventory report was a key catalyst for the market," said Paul Harris, head of natural resources risk management at the Bank of Ireland in Dublin. "That moved the market sharply."

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