A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Lalong sacks council chairmen | | By Marie-Therese Nanlong Jos-Plateau State governor, Simon Lalong has dissolved the chairmen of the 17 local government councils of the state as well all members of the executive arm, councilors and political appointees in the councils despite several assurances to the chairmen. The governor directed the chairmen to hand over all government properties in their The post Lalong sacks council chairmen appeared first on Vanguard News. |
Oil firms risk losing equities over indebtedness | | Oil and gas firms that borrowed huge amount of money at high interest rates from financial institutions in the country would be forced to relinquish some of their stakes to the banks if they hope to continue in business, Vice President, FBN Capital, Ms. Rolake Akinkugbe, has declared. Akinkugbe, in an article in: The Oil and Gas Year, warned that marginal fields' operators that are yet to commence production on their fields will be the worst affected. The post Oil firms risk losing equities over indebtedness appeared first on Vanguard News. |
Maintain status quo, Court orders Arco, NAOC | | A Federal High Court sitting in Port Harcourt, Rivers State, has directed parties in the suit filed by an indigenous oil service company, Arco Group Plc against Nigerian Agip Oil Company Limited, NAOC, to maintain status quo pending the determination of the applications before it. Justice Lambo Akanbi's order was sequel to an oral application by the lead counsel to Arco, Chief Wole Olanipekun, SAN, asking the court to prevail on parties from doing anything that would jeopardise the case. The post Maintain status quo, Court orders Arco, NAOC appeared first on Vanguard News. |
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