In the face of spiraling challenges of natural disasters caused by global warming,Nigeria’s Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has been announced as the first Chair of the Governing Council of African Risk Capacity, a continental financial climactic disaster risk management agency. ARC is a specialized agency of the African Union which supports African stat ...

The President of Slok Group, Dr. Orji Uzor Kalu, will, between April 28, 2013 and May 7, 2013, visit India to finalize the deal for the establishment of a steel rolling mill in Abia State by Prime Group, India, the owners of Prime Electric Company. The steel rolling mill is to be cited in Kalu's hometown, Igbere in Abia State. Slok Group, a dominant name in the Nigerian and international business environmen ...

Erstwhile General Manager (Operations) of the defunct Nigerian Telecommunications (NITEL), Engr. S. O. Ogundele has absolved former Director General of the Bureau of Public Enterprise (BPE), Mallam Nasir El Rufai of blame in the ruin of the telco, instead identifying former President Olusegun Obasanjo, former Vice President Atiku Abubakar and former members of the NITEL Board as those culpable by their dire ...

A Federal High Court sitting in Lagos on Wednesday, April 24, 2013 adjourned indefinitely the trial of the Speaker, Lagos State House of Assembly, Adeyemi Ikuforiji. Justice Okechukwu Okeke, in a short ruling, said that he was transferring the case file to the Chief Judge of the Federal High Court for re-assignment to another judge. The trial judge had previously refused the request by the EFCC that he tran ...

By Danlami Nmodu The Petroleum Station Workers Branch of oil workers’ union NUPENG has handed down an indefinite  suspension to Comrade Aminu Hussaini over his protest against the pardon granted by President Goodluck Jonathan to ex Governor Diepreye Alamieyeseigha and ex Bank of the North MD,Shettima Bulama. Jonathan ‘s pardon to these ex officials drew the ire of several Nigerians including Hussaini, the c ...

The Special Control Unit Against Money Laundering, SCUML Tuesday April 23, 2003 arrested officials of a real estate firm and two hotels in Abuja for non-compliance with extant regulations mandating Designated Non- Financial Institutions, DNFIs to register with the Unit in line with the anti-money laundering laws. Those arrested in a special operation conducted in conjunction with the Economic and Financial ...

The Economic and Financial Crimes Commission, EFCC has filed separate charges before a Federal High Court in Abuja, against 40 suspects implicated in alleged N4.56billion pension scam. Those facing the new separate charge are a former Director, Pension Administration in the Office of the Head of the Civil Service of the Federation, Dr. Sani Teidi Shuaibu, nine other accused and 30 companies. Apart from Shua ...

The Economic and Financial Crimes Commission, EFCC, on Tuesday April 23, 2013, arraigned Benjamin Otuorimuo, on a one count charge bordering on, inducement, false pretence and stealing before Justice Adebisi Akinlade of the Lagos High Court, Ikeja. The suspect allegedly obtained the sum of $4,016.25 (Four Thousand, Sixteen Dollars and Twenty Five cents) under false pretence from Kemud International Limited ...

Governor Seriake Dickson of Bayelsa State has declared a total of N28.972bn as balance of funds available for the state as at the end of March, 2013.Addressing the press on the financial position of the state for the months of February and March, this year at the Banquet Hall in Yenagoa, Governor Dickson also gave N19.7bn as total balance standing to the credit of the state for the month of February. In a b ...

L-R Front Row Fahad Y. Zahid & Bill Rohner; L-R Back Row Josh Eggert, Peter den Boogert, Stuart Levenick, Rick Rathe, Steven Meyrick Dubai, UAE – Caterpillar Inc. has entered into an international power projects (IPP) agreement with Zahid Group, which recently formed a new subsidiary company, Altaaqa Global. As an IPP partner, Altaaqa Global will provide multi-megawatt temporary power solutions around t ...