Sunday, November 28, 2021

Business

Akwaaba African Travel Market to commence Nov 29

By Chinelo Obogo  The two-day Akwaaba African Travel Market is set to commence on November 29 and Lagos State is among participants expected to showcase its tourist attractions. At the event, the Commissioner of Tourism, Arts and Culture, Uzamat Akinbile-Yusuf,...

Stocks fall to profit-taking as NGX investors lose N82bn in 3 days

By Chinwendu Obienyi BEARISH sentiment sustained its dominance on the equities segment of the Nigerian Exchange Limited (NGX) and with stocks bowing to profit-taking, leaving most investors hurt with total loss of about N82 billion in three consecutive trading...

BUA, Wartsila OY of Finland extend partnership with new 70mw gas plant

BUA has signed yet another agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for its BUA Cement Obu Line 3 project in Edo State, Southern Nigeria. This agreement was signed between...

Enugu govt, others laud Glo for Joy Unlimited promo

Globacom has been described as a pride to Nigeria and a testament to the whole world that the black man has the capability to run successful businesses. This commendation yesterday came from the Enugu State Commissioner for Lands and...

Customs to introduce Webb Tracker mobile app to quicken cargo clearance

From Uche Usim, Abuja The Nigeria Customs Service, on Thursday said it was set to introduce Webb Tracker mobile Application and a simplified standard operating procedure for the use of scanners in its efforts to deepen the Federal Government’s...

AIPCC Energy targets $1bn investments, 50,000bpd local refining capacity by 2024

From Uche Usim, Abuja A local crude refining company, refining, is currently putting infrastructure in place to refine 50,000 barrels per day (bpd) of crude oil by 2024, while attracting investments of over $1 billion dollars into the midstream...

Emefiele flags-off TIE Scheme

From Uche Usim, Abuja Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Thursday, officially flagged off the Tertiary Institutions Entrepreneurship Scheme (TIES), an intervention of the apex bank aimed at frontally tackling the dual challenge of youth unemployment...

NDIC pays N11.76b to depositors

From Tony Osauzo and Ighomuaye‎ Lucky, Benin The Nigeria Deposit Insurance Corporation (NDIC) announced yesterday that it has paid a cumulative amount of N11.76 billion as insured sums to 535, 815 depositors of closed banks since its inception till...

NEITI inaugurates committee to deepen global EITI implementation

From Uche Usim, Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday inaugurated the recently re-constituted governing board and the Communications and Civil Society Steering Committee (CCSSC) towards deepening the successful implementation of global Extractive Industries Transparency Initiative...

$130 million contract fraud: Rivers sues Saipem SPA, Saipem Contracting firm, others 

From Godwin Tsa, Abuja The Rivers State Government has charged two construction firms, Saipem SPA and Saipem Contracting Nigeria Ltd, to court over an alleged conspiracy to cheat and with intent to defraud the state of the sum of...
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Latest News

Deeper Life Church sweeper axed to death by unknown persons in Ondo

A middle-aged woman has been murdered by unknown assailants in Ondo State. The incident happened at Iwaro Oka-Akoko, in...
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