Crude Rallies By More Than 10%

Crude Rallies By More Than 10%

November 24, 2008



11/24/08 With stock markets rallying on the US government's rescue of Citigroup combined with OPEC announcing the need for further crude output cuts, front month crude prices rallied this session to trade at levels well above $55.

Property Boom in Nigeria

Property boom in Nigeria
October 26, 2008



The property market in Nigeria's commercial capital, Lagos, is booming, with prices rising by up to 20%.


INQURIES ON REAL ESTATE IN NIGERIA
Contac: publisher@nigeriantimesinternational.com
Tel: 234 07032366127

Government of Nigeria: Federal Ministries

Government of Nigeria
Subsidiary Organisations
Operational Department - Ministry of Defence [6]
Sibling Organisations
Ministry of Aviation - Defunct 2007 [22]
Ministry of Commerce - Defunct 2007 [27]
Ministry of Communications - Defunct 2007 [8]
Ministry of Cooperation & Integration in Africa - Defunct 2007
Ministry of Education [30]
Ministry of Finance [26]
Ministry of Foreign Affairs [33]
Ministry of Health [17]
Ministry of Housing & Urban Development - Defunct 2007
Ministry of Industries - Defunct 2007 [43]
Ministry of Inter-Government Affairs, Youth Development & Special Duties - Defunct 2007
Ministry of Internal Affairs - Defunct 2007 [4]
Ministry of Justice
Ministry of Employment, Labour & Productivity - Defunct 2007 [5]
Ministry of Police Affairs - Defunct 2007 [6]
Ministry of Power & Steel - Defunct 2007 [37]
Ministry of Science & Technology [61]
Ministry of Solid Mineral Development - Defunct 2007 [13]
Ministry of Sport & Social Development - Defunct 2007 [12]
Ministry of Transportation [8]
Ministry of Water Resources - Defunct 2007 [29]
Ministry of Womens Affairs [8]
Ministry of Works - Defunct 2007 [18]
Ministry of Petroleum Resources - Defunct 2007 [2]
Ministry of Environment - Defunct 2007 [2]
National Pension Commission
National Bureau of Statistics
Central Bank of Nigeria [26]
The Presidency [37]
Ministry of Commerce & Industry [8]
Ministry of Information & Communications
Ministry of Interior [1]
Ministry of Mines & Steel Development
Ministry of Youth Development
Ministry of Environment & Housing
Ministry of Tourism, Culture & National Orientation - Defunct 2007 [1]
Ministry of Agriculture & Water Resources
Ministry of Energy [1]
Ministry of Labour [5]
Independent Corrupt Practices & Other Related Offences Commission

About

Nigerian Report reports news and information of vital importnace on Nigeria.
It is the brainchild of Ekenyerengozi Michael Chima, the Publisher and Editor of Nigerian Times International, the largest Nigerian news media network on the Internet.

The vision of Nigerian Report is to propel Nigeria in the leadership of Africa among the comity of nations in the world.

The mission of Nigerian Report is to use the mulitmedia to promote Nigeria and to motivate Nigerians to be patriotic citizens of the Federal Republic of Nigeria.

Oil Prices Dip Below $100... Briefly

Oil Prices Dip Below $100... Briefly

September 12, 2008



09/12/08 Continued worries over a weakening global economy leading to a decrease in demand finally sent oil prices just below the $100 per barrel mark this past trading session.

Malcolm Wicks visit to Nigeria

20 Aug 2008 17:22 Africa/Lagos


Malcolm Wicks visit to Nigeria

London, 20 August/GNN/ --

DEPARTMENT FOR BUSINESS, ENTERPRISE AND REGULATORY REFORM News Release
(2008/178) issued by The Government News Network on 20 August 2008
UK Energy Minister, Malcolm Wicks, has visited Nigeria this week following
HE President Yar'Adua's London meeting with the Prime Minister in June,
where energy was a key theme of their discussion.

Whilst there he met with Nigerian energy ministers and visited the Delta to
gain an understanding of the situation in Nigeria first hand.

Speaking in Nigeria, Wicks said:

"I came here to continue discussions with my Nigerian counterparts and to
understand more about the energy challenges in Nigeria. The UK is keen to see
whether our energy experience can help the Nigerian Government to implement
their far reaching energy sector reforms.

"We have discussed Nigeria's oil and gas production, including their
implementation of a recently launched Gas Master Plan and the prospects for
ending gas flaring, the reform and restructuring of the Nigerian National
Petroleum Corporation and the important work of the Nigerian Extractive
Industries Transparency Initiative.

"I support Nigeria's efforts to better use oil and gas revenues which,
together with fiscal discipline and transparency, can make a positive
difference to livelihoods of the Nigerian people.

"The UK and Nigeria have a close relationship on many issues; I hope that
this can be extended to the energy field and that this visit can help to
further strengthen our partnership."

During bilateral discussions, the prospects for increasing oil and gas
production in Nigeria and the need for a strong investment climate to ensure
this potential is realised were discussed.

Also discussed:

* Sustainable development, climate change, the implementation of the clean
development mechanism and carbon capture and storage technologies;
* Energy conservation and efficiency;
* Capacity building to help with implementation of the reforms; and
* Foreign direct investment

The Ministers also talked about UK's experience in working with
International Oil Companies (IOC) and the benefits doing so can provide to
a country. Recognising the need for the Government of Nigeria and the IOCs
to find a fair and equitable solution to funding issues, Wicks said the UK
Government stood ready to support both parties in achieving this.

Notes to editors

1. The UK supports Nigeria in gaining better use of its oil revenues, improving
transparency, and strengthening macro-economic management, including in the
Niger Delta States.

2. Volatility in the crude oil prices poses challenges for Nigeria and other
producing countries. The UK believes that open, transparent markets are the
best way to encourage investment and encourages Nigeria in its efforts to
increase transparency in the energy sector through initiatives such as the
Nigerian Extractive Industries Transparency Initiative.

3. Both the UK and Nigerian Governments are supportive of the producer/consumer
meeting held at Jeddah to discuss energy and its priorities to improve the
functioning of oil markets, investment in new oil production, management of
demand and sharing a vision of the future energy landscape. Only by working
together and sharing experience will we tackle challenges in an effective
and timely way.

4. The Nigerian Ministers that met with UK Energy Minister, Malcolm Wicks,
included the Minister of State for Petroleum, Odien Ajumogobia; the Minister
of State for Energy (Gas), Emmanuel O Odusina; and the Minister of State
for Energy (Power) Mrs Fatima Balaraba Ibrahim.

5. The UK recognises the ambitious programme of reform the Nigerian Government
is taking forward and modernising of the regulatory regime in the energy
sector. The UK has offered support in sharing experience and building capacity
in energy regulation. It is these regulatory frameworks that give the private
sector the confidence to deliver these ambitious plans. Areas for support
could include technical aspects around gas markets and tariffs where the
UK has significant experience. Also, part of a longer term plan to increase
supplies, both countries recognise the current global shortage in skills in
the oil and gas sector and will work together through the International Energy
Forum and OPEC to look at training and building skills across the sector.

6. Both countries will also explore opportunities to manage supply and demand
and conserve energy which contributes not only to increased energy security
but climate security. We will look at existing energy efficiency initiatives
and also at what new technologies might support these endeavours. An
excellent example of where increased energy security and climate change come
together is the new technology on carbon capture and storage and enhanced
oil recovery. Both countries will continue to work together on commercial
opportunities around implementing climate change measures. Key to this is
the clean development mechanism and the UK Government commits to continuing
to support the NNPC in its actions on the mechanism.

7. The Department for Business Enterprise and Regulatory Reform helps UK
business succeed in an increasingly competitive world. It promotes business
growth and a strong enterprise economy, leads the better regulation agenda
and champions free and fair markets. It is the shareholder in a number of
Government-owned assets and it works to secure, clean and competitively
priced energy supplies.

Department for Business, Enterprise & Regulatory Reform
7th Floor, 1 Victoria Street, London SW1H 0ET

Press enquiries +44 (0)20 7215 5954
(Out of hours) +44 (0)20 7215 3234/3505
Public enquiries +44 (0)20 7215 5000
Textphone +44 (0)20 7215 6740 (for those with hearing impairment)
Press Office fax +44 (0)20 7222 4382
www.berr.gov.uk



Source: Department for Business, Enterprise and Regulatory Reform


More Nigerian Report:

19 Aug 2008
13:52
KX-91 Successful in Tank Remediation Project In Nigeria

Doing Business in Nigeria: The Facts and the Figures

The report is based on information provided by more than 200 lawyers, accountants, construction experts, private sector professionals, and public officials. For more information about the data and methodology,
DOING BUSINESS IN NIGERIA



DOWNLOAD THE FULL REPORT OF DOING BUSINESS IN NIGERIA

About the Doing Business Project
Since 2003, Doing Business has contributed to more than 100 reforms around the world. The project is based on the efforts of more than 5,000 local experts—business consultants, lawyers, accountants, government officials, and leading academics around the world, who provided methodological support and review. For more information, visit DOING BUSINESS.


FOR BUSINESS TOUR GUIDES IN NIGERIA, CONTACT:
The Editor
Nigerian Report
ekenyerengozimichaelchima@gmail.com
Or Nigerian Times on Nigerian Times International Forum

Oil Prices Rise On Geopolitical Tensions

07/28/08 Tensions in Iran and Nigeria assisted in making front month crude oil prices rise at the end of NYMEX floor trading.

HARDtalk: Dimeji Bankole 1

HARDtalk: Stephen Sackur talks to the speaker of Nigeria's House of Representatives about the federal government crack down on corruption and also about former President Obasanjo.

HARDtalk: Dimeji Bankole 2

HARDtalk: Dimeji Bankole 2 Stephen Sackur asks Dimeji Bankole what action the House of Representatives is taking against corruption in Nigeria.