Power generation to rise by 40%

The Minister of Petroleum Resources, Diezani Allison Madueke has stated that the Federal Government is embarking on initiatives that will see the power generation levels in the country increase by 40% before the beginning of the following year. Speaking at the on-going Nigeria Oil and Gas (NOG) conference in Abuja Tuesday, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, said the 12-month emergency gas supply… Read more

Power sector: New owners to take possession of assets June 2013

The newly preferred bidders in the Federal Government’s privatised power sector are expected to take possession of assets by June, 2013. A member, National Council on Privatization, NCP, and Chairman, NCP’s Technical Committee, Mr. Atedo Peterside revealed this yesterday at 2013 Standard Bank West Africa Investor Conference, saying, “we expect new owners to take possession of these power sector assets in mid- 2013 and also… Read more

NIMC workers shut down national assembly

Hundreds of sacked workers of National Identity Management Commission (NIMC) at the early hours of today barricaded the main entrance of the National Assembly complex, to protest against the resolution of the House of Representation in approval of their disengagement from the service. Members of the House of Representatives had penultimate week approved the sack of the 4, 000 workers and recommended their re-absorption into… Read more

David Gill to step down as Manchester United chief executive

Manchester United chief executive David Gill has announced he will step down from the club in June this year, with executive vice chairman Ed Woodward taking over his role at Old Trafford. The 55-year-old joined the board in February 1997 as finance director, and has been in his current role at Old Trafford since September 2003. He will however remain as a director at the… Read more

Arsenal 1 – 3 Bayern Münich

Arsenal’s miserable week continued as runaway Bundesliga leaders Bayern Munich produced a European masterclass at the Emirates to take a commanding 3-1 Champions League first leg lead. Brewin: Arsenal’s February fall The Gunners, who crashed out of the FA Cup at home to Championship Blackburn at the weekend, were behind after only seven minutes when midfielder Toni Kroos hammered home a shot from the edge… Read more