HEADLINES:President urges Nigeria gas production SCRIPT: Nigeria is endowed with huge gas resources which experts say are in excess of the nation’s oil reserves. However, it is very embarrassing to everyone including President Umaru Musa Yar’Adua to note that till date a high percentage of Nigeria’s gas is still being wasted through flaring while countries like Trinidad and Tobago according to the vice president of the country’s energy cooperation have turned their country into the biggest gas producing sector in the world. Soundbite:President Umaru Musa Yaradua speaking (ENGLISH): “It is therefore essential that we develop appropriate mechanisms that allow this resource bases to be actively and efficiently exploited in a manner that adds integrity value to the national economy.” He points at the gas master plan already in place and solicits the support of all partners to ensure optimal development of the gas sector. The minister of state for energy,gas described...
Behind the sturdy columns of the Treasury Department in Washington, finance ministers and central bankers of the world's seven richest democracies are in crisis mode - what else can they do to calm...
As world leaders are trying to grapple with the global financial crisis, the IMF says the problem can be solved if countries act quickly, forcefully and in a coordinated fashion. IMF Managing...
China is "fully confident and capable" it can overcome current economic difficulties, a top official said on Friday. Vice Premier Wang Qishan was quoted by state media saying that China will work...
With global markets in disarray, investors seek refuge from the financial upheaval. Many are pouring money into gold given its historic appeal as a safe reserve asset. Robin Bhar is a senior...
Canadian Natural Resources said Tuesday it is cutting its oil and natural gas capital spending, pinning the bulk of the reduction on Alberta's new royalties on energy. The Calgary company said...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and the...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is front-runner to...
The U.S. economy moved tepidly along in the second quarter as economic stimulus checks boosted consumer spending. Gross domestic product, or GDP - rose 1.9 percent in the April to June period. The...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
Hong Kong shares rebound on Thursday(October 9), after recording a nearly 13 percent slide so far this week, helped by coordinated central bank action around the world and a raft of favourable...
Truveo video search lets you search and find videos from across the Web. Use Truveo to find all types of online video including hit television shows, full-length movies, breaking news clips, sports highlights, music videos, or the latest viral videos. If you are looking for a specific video, Truveo video search can help you find exactly the video you want. Truveo can also help you browse through video across the web and discover new videos that you might like.