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NAICOM suspends Spring Life Assurance

By Agency Reporter Monday, 22 Nov 2010 The National Insurance Commission on Sunday said it had suspended the operational licence of Spring Life Assurance Plc with effect from October 19. The Assistant Director, Corporate Affairs, Mr. Lucky Fiakpa, said this in a statement made available to the News Agency of Nigeria […]

DPR shuts 21 filling stations

By Our Correspondent Monday, 22 Nov 2010 THE Department of Petroleum Resources has sealed off 21 filling stations in Akwa Ibom State for selling petrol above the Federal Government’s approved pump price of N65. The DPR Operation Controller in the state, Mr. Francis Umoeka, disclosed this on Saturday during a tour […]

Companies plan oil wells near Bear Butte

By Agency Reporter Monday, 22 Nov 2010 PIERRE: Work is under way to develop an oil field near Bear Butte in Western South Dakota that could eventually produce four million barrels of crude oil. According to an Associated Press report on Friday, the state Board of Minerals and Environment had on […]