The Association of Telecommunications Companies of Nigeria, (ATCON) has urged all telecom industry players to take advantage of the forthcoming international summit of broadband by their effective participation at the forum which holds in Lagos in July. Already the National Communications Commission (NCC) and the Universal Service Provision Fund are supporting the event.

Diezani Allison-Madueke was the surprise choice to head sub-Saharan Africa’s biggest oil and gas exporter when Goodluck Jonathan, then acting president, unveiled his cabinet April 2010.
The new minister’s principal task was to bring the long-delayed Petroleum Industry Bill – the most ambitious overhaul in the industry’s 50-year history – into law. This she could not do in the time she has headed the ministry.

A source from Nigerian National Petroleum Corporation (NNPC) said last week that Nigeria is making progress towards resolving a dispute with Exxon Mobil over oil licensing renewals covering fields producing more than 500,000 barrels per day.

AN independent audit of Nigeria’s oil sale payments, commissioned by the Nigeria Extractive Industries Transparency Initiative (Neiti), has revealed that the Nigerian National Petroleum Corporation (NNPC) used its unique trading position to make profits at the expense of the government between 2006 and 2008.

Nigeria’s security forces reunited 19 foreign and local hostages with their employers last week after freeing them from militant camps in the creeks of the Niger Delta oil region.

The number of Nigerians currently unemployed has been put at over 90 million. This is according to recent report released by London-based Business Monitor International.

(L-R) Sede Giwa Osagie-Ikeji, chief operating officer, Metro Taxi Limited; Niyi Oguntoyinbo, MD and Olanrewaju Oniyitan, principal business consultant, W-Holistic Business Solution, at a briefing to unveil Metro Taxi in Lagos.

ANALYSIS of market performance since the beginning of 2010 shows that banking stocks failed far behind the general market growth as well as those of other sectors, growing by two per cent as against 10 per cent growth by the general market, 25 per cent by the oil and gas sector, 20 percent by the NSE 30 and 47 per cent by the food and beverage sector respectively.

ROYAL Dutch Shell has said it is rolling out a programme to end gas flaring in its Nigerian operations. To this end, the company says it is set to commit an additional $2 billion for this purpose, bringing the total to $5 billion in the next two years.