PM News Nigeria

Fire guts Kaduna Airport control tower

Kaduna Airport

Simon Ateba/Aviation correspondent Fire has engulfed the control tower of the Kaduna Airport, severely damaging it. Witnesses said fire started briefly after 3pm Easter Sunday and was not put out until the control tower was razed down. “As I am talking to you now, fired has razed down the control tower,” a witness at the […]

Oando pays ConocoPhillips another $25mn

crude oil barrels

Oando Energy Resources has paid another $25million dollars to US oil company, ConocoPhillips, as part of the moves to acquire the ConocoPhillips assets in Nigeria. The payment was a fulfilment of Oando’s promise late in March to pay additional deposit as the parties await the approval of Nigeria’s minister of petroleum, Diezani Alison-Madueke. The $25 […]

Total discovers oil in Cote d’Ivoire offshore

Total oil company

French oil giant Total on Thursday announced the discovery of oil in Saphir-1XB exploration well in the deep offshore west of Cote d’Ivoire in West Africa. “Drilled in an abrupt margin play, this first well is the first discovery in the San Pedro Basin, a frontier exploration area in Cote d’Ivoire. “ Having confirmed the […]

CFAO to open vehicle assembly plant in Nigeria

Mitsubishi Fuso Truck

French automobile manufacturer, CFAO Automotive Group, said in Abuja that it was making necessary logistic arrangements to begin vehicle assembly operations in the country. A statement by the National Automotive Council (NAC) quoted the Managing Director of CFAO, Olivier Levigne, as saying this during a visit to the Director-General of the council, Aminu Jalal. According […]

Lagos mulls plans to acquire farmland in Northern Nigeria

Rice plantation: Lagos plans to boost food supply

The Lagos State Government on Thursday said it has plans to acquire farmlands in some states in the northern part of the country for crop and livestock production. Mr Gbolahan Lawal, Commissioner for Agriculture and Co-operatives, made the disclosure at the 2014 ministerial briefing in Ikeja, adding that the intention of government is to boost […]

FRCN Probe: Court Fixes 12 May For Verdict

•Sanusi Lamido Sanusi

Akin Kuponiyi  A Federal High Court sitting in Lagos State, southwest Nigeria, Friday adjourned till 12 May this year to deliver judgment in a suit filed before the court by the suspended Governor of Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, against Financial Reporting Council of Nigeria, FRCN, and its Executive Secretary. Sanusi is […]

Amosun developing four estates, says Odusolu

Babajide Odusolu

Abiodun Onafuye/Abeokuta In pursuance of the urban renewal programme of the Ibikunle Amosun administration in Ogun state, four new estates with 600 housing units are being developed in the three Senatorial Districts. Babajide Odusolu, the Special Adviser on Trade and Investment who also doubles as the Managing Director, Ogun State Property Investment Corporation, OPIC disclosed […]

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