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Senate panel wants review of stand on unspent fund
-061109
From Leo Sobechi, Abakaliki
WORRIED by the lacklustre performance of annual budgets especially in the area of road construction, the Chairman, Senate Committee on Works, Mr. Julius Ali Ucha, has decried the current policy that requires ministries to return all unspent funds to the treasury at the end of every year, remarking that the practice militated against the execution of physical projects in the country.
Cross River cuts 2009 budget by 20 per cent
-061109
From Anietie Akpan, Calabar
CROSS River State government has cut its 2009 budget by 20 per cent following the ceding of 76 oil wells from Cross River to Akwa Ibom.
Delta, NNPC partner on natural gas development
-061109
From Collins Olayinka, Abuja
THE Nigerian National Petroleum Corporation (NNPC) and Delta State Government are in alliance to further boost the natural gas resources.
Finbank to implement Islamic banking system
-061109
By Tosin Fodeke
FINBANK is set to introduce Islamic banking system in the Nigerian financial system.
Human capital, infrastructure as catalyst for economic development: The Delta State experience
-061109
MR. Bernard Oboatarhieyeren Okumagba is the Delta State Commissioner for Economic Planning with over 15 years banking experience.
Acorn Petroleum to raise N20 billion from stock market
-061109
By Adeyemi Adepetun
AT the extra ordinary general meeting of Acorn Petroleum Plc, shareholders have accepted the plan by the company to raise additional capital of N20 billion through the stock market.
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Yar'Adua to kick-start 2009 Lagos International Fair today
-061109
By Babatola Adeyemi
THE 2009 edition of the yearly Lagos International Trade Fair (LITF) kicks off today in Lagos, with President Umaru Musa Yar'Adua scheduled to declare it open.
Oil prices slip below $80 as U.S. dollar strengthens
-061109
OIL prices slipped below $80 a barrel yesterday as the U.S. dollar strengthened, making commodities like crude more expensive for international investors.
Marketing institute holds summit
-061109
THE National Institute of Marketing of Nigeria (NIMN) is set to hold its annual summit to groom the professional marketers on the best practices in marketing management for outstanding performance.
ETB boss tasks firms on carbon credit
-061109
AS the first-ever three-day "International Conference on Carbon Credit Opportunities in Nigeria" opens in Abuja next Monday, the Managing Director of Equitorial Trust Bank (ETB), Mr. Gbolahan Folayan, has tasked participants to come up with a policy that would build developmental capacities for Nigeria in a challenging environment that is prone to climatic changes.
Economy unconducive for deregulation, says cost manager
-061109
By Anthony Chidubem Nwachukwu
THE Registrar and Chief Executive of the Certified Institute of Cost Management of Nigeria (CICMN), Victor Omoregie, has described the nation's current economic environment as unhealthy for the Federal Government's proposed deregulation of the downstream oil sector.
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