Jonathan proposes N322.6bn budget for NDDC
President Goodluck Jonathan has proposed a budget of N322.6bn for the Niger Delta Development Commission for its operations in 2014. The President forwarded the budget estimates in a letter he sent to the House of Representatives in Abuja on Wednesday.
Minister wants more gas-powered vehicles
In a bid to promote cleaner environment, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has called for increased use of gas as vehicular fuel. She said Nigeria was beginning to see a change in the direction of gas utilisation with the novel initiative of using compressed natural gas as vehicular fuel.
Jonathan steps up battle for 2015 presidential election
President Goodluck Jonathan may have started strategising for the 2015 polls with his nomination of a former Governor of Kano State, Ibrahim Shekarau, Senator Adedayo Adeyeye, Dr. Stephen Orhu and Dr. Abdul Bulama as ministers. Senate President David Mark announced the names of the nominees while reading a letter from Jonathan during plenary on Wednesday.
Alison-Madueke: Nigeria No Longer Has Tangible Oil Trade with US
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has stated that Nigeria no longer has any tangible trade in crude oil with the United States of America, following the shale oil boom in the country. Alison-Madueke said this yesterday at an interactive forum on the Petroleum Industry Bill (PIB) which is awaiting passage at the National Assembly. She warned that the development should spur Nigerians to impress it on the legislature to pass the PIB as soon as possible.
First Bank Supports Tertiary Education
As part of its commitment to sustainable educational development in Nigeria, First Bank of Nigeria Limited has constituted a professional chair endowment in 10 universities across the nation. These endowments have provided platforms for scholarly research, academic excellence and economic development in these institutions and the country at large. One of such institutions to benefit from this endowment is the Federal University of Technology Akure, where the FirstBank Professional Chair in Computer Science Annual Lecture was delivered recently.
BPE: Nigeria Has Spent N370.8bn on Settlement of PHCN Workers
The federal government yesterday said it had spent N370.8 billion on the payment of severance allowances to workers of the defunct Power Holding Company of Nigeria, PHCN. Martina Omojola, the Deputy Director, Labour Matters, Electricity Power Department, Bureau of Public Enterprise (BPE), disclosed this to the News Agency of Nigeria (NAN) in Abuja.
FEC Approves $242.3m for Lagos State Projects
Sequel to a memo brought before it by the Coordinating Minister for Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, seeking approval to obtain an additional credit facility from the International Development Association (IDA) in support of the second Lagos State Development Policy Operation, the Federal Executive Council (FEC) yesterday approved $200 million towards this end. The council equally approved that the Ministry of Finance obtains an IDA credit in the sum of $42.3 million as additional financing for the Lagos-Epe secondary education project.
Death Toll Rises to 100 After Boko Haram Strike in Borno
No fewer than 100 persons are believed to have been killed in Borno State following Tuesday's attack by the terrorist group Boko Haram on four border communities with Cameroun. The attack, it was learnt, was a retaliatory one on the villages of Attagara, Ngoshe, Agapalawa and Aganjara in Gwoza Local Government Area of the troubled state. A resident of Maiduguri, who lost his brother in the attack, told journalists on the condition of anonymity that the armed men dressed in military camouflage drove into the communities in all-terrain vehicles and motorbikes.
Success in Apps is Not by Luck, But by Design
Just because the barriers to entry into the entrepreneurial space have been lowered in the mobile-app ecosystem, doesn�t mean that everyone should jump into it. It has become increasingly easier to build your app, but that much tougher to market it. Getting visibility and consistent downloads for your app is like an excruciating pain in the tooth!
7 Reasons to Ditch the Corporate World for a Career at a Startup
Although a career in the corporate world has plenty of benefits, working for an established company can sometimes result in a mundane 9 to 5 with little room for growth and a lot of bureaucratic red tape. This is why so many people are attracted to the startup life. While it can be a roller coaster of a ride, working on the ground floor of a new company can allow people to shine, "own" projects and possibly reap the benefits of the company's success in the form of equity, while simultaneously learning a lot in a fast-paced environment.