S&P

A group of shareholders on Monday stormed the Annual General Meeting of Oando Plc in Uyo, Akwa Ibom State with placards demanding the resignation of the company’s Chief Executive Officer, Wale Tinubu. The shareholders, who defied the heavy downpour in Uyo, said the meeting was taken to “a remote location” to prevent them from attending.  […]Read More

In 2006 the administration of President Olusegun Obasanjo initiated a road project to connect major cities in the Niger Delta region of Nigeria in order to aid movement and development in the country. As a result of population growth and civilisation, the road, now known as the east-west road, has become one of the most […]

By Lakinbofa Goodluck The history of crude oil refining in Nigeria can be traced to 1965 when Shell built the 38,000 barrels per day (bpd) refinery. Later, the government acquired the refinery sited in Port-Harcourt from Shell Petroleum at an installed capacity of 60, 000bpd. Additionally, a new refinery with installed capacity of 150, 000 […]

By Lakinbofa Goodluck August 30th 2016, the National Bureau of Statistics informed Nigerians that the country had slipped into recession with Gross Domestic Product (GDP) contracting by -2.06%. Exactly 12months later the National Bureau of Statistics declared that the country is now officially out of recession with 0.55%growth in the second quarter of 2017 after […]

Sunday Abayomi I have spent about four days on this road which is caused by the heavy traffic. I buy food from hawkers.My bathing and stooling is done under the bridge. Now, I am happy for what the government has done for us by providing this facility for us to shield us from the scorching […]

Protesters in their hundreds stormed Ibom Hall, Uyo, venue of the ongoing Annual General Meeting of Oando Plc demanding the resignation of the company’s CEO, Mr. Wale Tinubu over alleged mismanagement. Details later.   Copyright 2017 Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to […]

Amaechi By Lakinbofa Goodluck The port business all over the world is an integral part of a nation’s economic structure as it is a veritable source of income for forward thinking economies. Being the gateway for goods, the port is never starved of activities. If you visit any port and there is a dearth of […]

The Nigeria Customs Service has seized 1,100 firearms smuggled into the country at Tin-Can Island port, Lagos. NCS spokesman, Joseph Attah revealed that the weapons, pump action rifles, were imported from Turkey. “We have seized 1,100 weapons at Lagos port. They came from Turkey,” Attah told TheCable. “Investigation has commenced. A customs officer, who is […]Read More

Pope Francis said he hoped U.S. President Donald Trump would re-think his decision to end a programme protecting undocumented immigrant children, saying it was important for young people to have roots. “One hopes that it is re-thought somewhat,” Francis said on Monday in answer to a question on the plane returning from Colombia about the […]

The Tin Can Island Port Command of the Nigeria Customs has intercepted a 20 foot container laden with 1,100 pump action riffles imported into the country through Turkey. This is coming barely four months after operatives of the command intercepted 440 pump action riffles and another 661 pieces of arms and ammunition imported through the […]

  Nwadigbo BenedictEnugu Yes, I do. A crime and the accused have to be prosecuted where it’s committed.In law, this is called “territorial jurisdiction”. Even though, innocent until proven guilty, she’s a Nigerian and a former minister, as such owes it a natural and a constitutional obligation to defend herself against all allegations in a […]Read More

Oil-markets on Friday saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand. Focus was shifting to three other hurricanes that are currently tearing through the Caribbean and Gulf of Mexico. Brent crude futures rose to 54.57 dollars […]