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Monday, July 6, 2020

Saipem Rises After Signing South Stream Pipe Accord With Gazprom

Saipem SpA (SPM), Italy’s largest oil-service provider, rose the most in a week in Milan trading after signing a 2 billion-euro ($2.8 billion) contract to build the first link in the South Stream natural gas pipeline to Europe. Saipem climbed as much as 2 percent, the...

62-year old father in court for allegedly aiding son’s escape

A 62-year old man, Tajudeen Fasasi, on Wednesday appeared before a Surulere Chief Magistrates' Court, Lagos, for allegedly aiding the escape of his son, Gafar Fasasi. The accused, who resides at No. 38, Ramlat Timpson St., Aguda, is facing a two-count charge of conspiracy and...

Namibia Government Considers Oil Block Auctions to Improve Terms

Namibia may revert to auctioning oil and gas exploration blocks because it will give the government better terms than the existing open licensing system, said Petroleum Commissioner Immanuel Mulunga. “We can get better terms because it will be an auction,” Mulunga said in an interview...

Nigeria loses N304bn to foreign divestment in six months

Nigeria may have lost about N304 billion to divestment by foreign investors, Naija247news understands. The figure, which represents over 50 per cent of capital outflow from the capital market, covers the first half of the year. A report on foreign portfolio investment (FPI) for the...

Immigration Reform 2015: Immigrant Green Card Approvals Outnumber Population Of Iowa, New Hampshire And South Carolina Combined

A woman holds a replica green card sign at a march to demand immigration reform in Los Angeles in 2013. A new congressional report shows the U.S. plans to issue more green cards to immigrants than the total number of people living in...

Nigeria seeks UK's support in tackling insecurity

Lt -Gen. Abdulrahman Dambazau (rtd), Minister of Interior has called for the support of the United Kingdom in tackling terrorism and other cross border crimes in the country. The minister made the call on Thursday in Abuja when‎ the British High Commissioner to Nigeria, Mr...

20,000 Nigerians obtained visas to China in 2013 — Envoy

Mr Liu Kan, Consul-General of the Peoples Republic of China Consulate in Lagos, on Sunday said that 20,000 Nigerians were issued visas to China in 2013. Liu told journalist  in Lagos that the visas were issued to Nigerians who travelled to the country for business...

The Root Cause Of Boko Haram And Other Insurgent Groups In Nigeria

Boko Haram (B-H) is predominant in the North Eastern part of Nigeria in states like Borno, Yobe and Adamawa. They have in the last half a decade or so, become the most dangerous insurgent group that Nigerians have witnessed. There fundamental ideology is “Western...

Fani-Kayode's Bail May Be Revoked As One Of His Sureties Apply To Withdraw

One Wale Ajisebutu has written to a Federal High Court in Lagos seeking to withdraw as a surety for a former Minister of Aviation, Femi Fani-Kayode, who is facing money laundering charges. Ajisebutu was one of the two persons who stood as sureties for Fani-Kayode...

The Cult Of Born To Rule In Nigeria By Femi Fani-Kayode

In the last few days the following contributions from two eminent personalities have inflamed passions and been the topic of heated debate all over the country. The first came from Alhaji Lawal Kaita, a respected elder statesman and a former Governor of the old...
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