The Nigerian National Petroleum Corporation on Sunday
announced that it had secured a $1.2bn (N236bn) multi-year drilling
financing package for 36 offshore/onshore oil wells under the NNPC/Chevron Nigeria Limited Joint Venture. According to the corporation, the funding is packaged by a consortium
of indigenous and international lenders, and is an integral part of the
Accelerated Upstream Financing Programme initiated by the NNPC to
address the perennial challenge being experienced by the Federal
Government
As schools resumed for the new session yesterday across Lagos, the
state government has vowed to shut any school that failed to provide
adequate security for its pupils, leading to the premises been used to
perpetrate defilement, rape or other illicit acts. Worried by the
increase in reported cases of defilement, the state government
commenced the exercise shutting the private primary school where
proprietor, Mr. Joseph Ogunleye was charged to court over alleged
defilement of two pupils in his school.
A World Trade Centre complex is expected to open to the public in Abuja
early next year after the completion of the first phase of construction. The development will join a network of 323 locations in 89 countries,
started in 1970 with the inauguration of the first World Trade Centre in
New York City. Funded by local and foreign financial institutions, as
well as private investors, to the tune of N200 billion, or just over $1
billion, the WTC Abuja will be the largest mixed-use development in West
Africa.
