MONDAY, 19 JULY 2010 01:11           Inter-bank lending rates retreated to 1.41 percent on average last week from 8.25 percent penultimate week following a large injection of funds from government allocations to public sector agencies, traders said weekend. N413.28 billion ($2.8 billion) was distributed from the federation accounts to […]

  MONDAY, 19 JULY 2010 BY ROSELINE OKERE    TOTAL has acquired Chevron’s 45.9 per cent interest in block ‘one’ in the Joint Development Zone (JDZ).The Nigeria – São Tomé and Príncipe Joint Development Authority is an organisation established by treaty that regulates the two countries’ Joint Development Zone in […]

  MONDAY, 19 JULY 2010 BY SULAIMON SALAU   Production activities from the nation’s oil and gas sector raked-in about $220 billion (N33 trillion) into the Federal Government’s coffers between 2003 and 2009.Statistics obtained from the International Oil Companies (IOCs) also revealed that the cumulative capital investment in the sector […]