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The U.K.’s Date with Destiny

October 19, 2010 by SIMON NIXON The U.K. government’s spending review will be one of the defining political events of the year—if not the decade. Chancellor George Osborne will set out Wednesday how he plans to cut the budget deficit by eight percentage points in five years, the fastest and […]

NNPC, Shell Head for Collision over 3 Oil Blocks

By Ejiofor Alike, 10.19.2010    Controversy has stalled the 10-month-old process by Shell Petroleum Development Company (SPDC) to transfer ownership and operatorship of three oil blocks to a consortium of two Nigerian companies, THISDAY has learnt.   SPDC in January this year said it had sealed a deal to transfer, […]

Nigeria set to raise $500m from international capital market

TUESDAY, 19 OCTOBER 2010 BY TOSIN FODEKE  Finance Minister Olusegun Aganga has said Nigeria will not seek to achieve a $1 billion mark at its debut international bond market involvement, but is setting its target at $500 million.Aganga at the weekend, told Reuters at a conference in Abuja, that he […]