By YEMI KOLAPO Friday, 15 Oct 2010       Maintaining an excess crude account in Nigeria has been a subject of heated controversy. The Managing Director, World Bank, Dr. Ngozi Okonjo-Iweala, however, told journalists during the just concluded World Bank/International Monetary Fund meetings in Washington, DC, United States, that Nigeria […]

By Sunday Ojeme, Abuja Friday, 15 Oct 2010    Nigeria is currently losing over $16bn to the importation of equipment and facilities in the oil and gas industry, as well as payment for the services of foreign technical personnel.According to the Executive Secretary, Petroleum Technology Development Fund, Mr. Muttaqha Darma, […]

– AMCON to begin purchase of assets in three weeks  Friday 15 Oct 2010 Reuters Five or six of the banks rescued in a N620 billion ($4 billion) bailout last year will announce negotiations with potential suitors in the coming weeks, Lamido Sanusi, Central Bank of Nigeria (CBN) Governor, said […]