www.proshareng.com Your Online Personal Finance Information Clearinghouse http://www.proshareng.com/myproshare/portal_news.php?id=5100 SINGAPORE (AP) -- Oil prices plummeted to a one-year low below $82 a barrel Friday in Asia as investor fears of a severe global economic downturn sparked a panicked sell-off of equities and crude. http://www.proshareng.com/myproshare/portal_news.php?id=5037 Ogun State Governor, Otunba Gbenga Daniel, yesterday confirmed a large deposit of oil and gas in the state and said that efforts were on to develop exploit it. http://www.proshareng.com/myproshare/portal_news.php?id=4948 Fears that some Nigerian banks may have been exposed in yesterday’s crisis were dispelled by the top CBN official, who explained that it could be the other way round for the US banks, which give trade support facilities to Nigerian banks. http://www.proshareng.com/myproshare/portal_news.php?id=4908 With the return of President Umaru Yar\' Adua from his trip to Saudi Arabia, there are strong indications that work on the 2009 Appropriation Bill will resume in earnest, to ensure presentation to the National Assembly in October. http://www.proshareng.com/myproshare/portal_news.php?id=4891 The Nigerian National Petroluem Corporation (NNPC) and Russian gas giant Gazprom have signed a memorandum of understanding (MOU) on oil and gas exploration in Africa’s top crude producer, an NNPC spokesman said on Wednesday. http://www.proshareng.com/myproshare/portal_news.php?id=4887 Barth Ebong, Group Managing Director/Chief Executive Officer (GMD/CEO) of Union Bank of Nigeria Plc, has affirmed that the realization of Vision 2020 by Nigeria depended largely on how well the banking industry performed its functions. http://www.proshareng.com/myproshare/portal_news.php?id=4786 The Governor of Lagos State, Mr. Babatunde Fashola, on Tuesday signed into law a bill that would enable the state to raise N275bn from the capital market over the next three years...to raise the first tranche of N275bn next month. http://www.proshareng.com/myproshare/portal_news.php?id=4665 House of Representative yesterday passed the 2008 Appropriation Amendment Bill referred to the Committee on Appropriations.President, Alhaji Umaru Musa Yar\'Adua had early this month sent the bill back to the National Assembly. http://www.proshareng.com/myproshare/portal_news.php?id=4654 The Federal Executive Council (FEC) on Wednesday took stock of progress in the implementation of the 2008 budget and announced that 75 per cent of the capital vote has been released to the ministries and departments. http://www.proshareng.com/myproshare/portal_news.php?id=4619 Despite enjoying a windfall from sale of crude oil occasioned by a rise in global prices, Nigeria\'s actual output has gone down in terms of volume. http://www.proshareng.com/myproshare/portal_news.php?id=4594 For all practical purposes, therefore, the N80 billion that the government is setting aside for Nigerians abroad to draw from will not meet its objectives. If past experience is anything to go by, the fund may follow the usual trajectory of appropriation http://www.proshareng.com/myproshare/portal_news.php?id=4584 Inflation rate, a measure of the rate of change in the prices of goods and services, has finally hit the dreaded double-digit figure at 12 percent, fueled by the sharing of excess crude oil revenue by the Federal Account Allocation Committee (FAAC).