Business News

Total, Conoil make fresh oil discovery offshore Nigeria

  FRIDAY, 25 JUNE 2010 BY   Nigeria’s oil production capacity may soon rise courtesy of a fresh discovery of hydrocarbon in the country by Total Exploration and Production Nigeria Limited, with Conoil Producing Limited.Specifically, the new oil found was made in the central portion of the Oil Mining Lease […]

IMF raises fresh concerns over global economic crunch

  FRIDAY, 25 JUNE 2010 00:00 FROM , ABUJA   The International Monetary Fund (IMF) has warned countries that are not directly affected by the impacts of the global economic crunch to put guides in place to ensure preparedness for possible emergence.   The Managing Director of IMF, Dominique Strauss-Kahn, […]

At shareholders’ meeting, Ogunbanjo tasks govt on power supply

  FRIDAY, 25 JUNE 2010  BY   Elder statesman, Dr. Christopher Ogunbanjo, has decried the country’s lingering poor power supply situation, saying the trend would continually impact negatively on the profitability of businesses operating in the country.   Ogunbanjo, who is also the Chairman of Beta Glass Plc, said at […]