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Babatunde Fashola urges Nigerians to embrace solar energy

Mr Babatunde Fashola, the Minister of Power, Works and Housing, has advised Nigerians to embrace solar energy to reduce pressure on the national grid.

FERMA assures of zero potholes on federal roads – official

Federal Roads Maintenance Agency (FERMA) has assured the people of Kogi of zero potholes on federal roads in the state before the Christmas.

Babatunde Fashola calls for support to end Apapa gridlock, port congestions

The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Thursday in Lagos called for the collaboration of all stakeholders to tackle traffick gridlock, port congestion and other problems in Apapa and its environs.

Insured losses from hurricanes, Mexico quakes $95bn – Swiss Re

Total insured market losses from hurricanes Harvey, Irma and Maria and two earthquakes in Mexico this year came to around $95 billion, reinsurance group Swiss Re announced Friday.

Rosatom advocates sustainable energy mix for Nigeria

A Russian State Nuclear Energy Corporation, Rosatom, has shared its best practices with participants of the annual Powering Africa Nigeria summit held in Abuja, Nigeria.

Power generation hits 7000MW – Babatunde Fashola

The Minister of Power, Works and Housing, Mr Babatunde Fashola (SAN), has announced that Nigeria’s power generation jerked from 2600MW to 7000MW between 2015 to 2017.

Johannesburg Stock Exchange suspends Oando shares

The Johannesburg Stock Exchange on Thursday suspended trading in the shares of Nigeria’s oil company, Oando Plc.

Alphabet leads $1bn funding round for Uber rival Lyft

Google's parent company Alphabet is leading a $1bn round of new funding for ride-hailing company Lyft that will help it step up its challenge to larger rival Uber.

President Buhari orders all state capitals to be connected with rail – Chibuike Amaechi

President Muhammadu Buhari has given the directive that all the 36 state capitals should be connected with rail in the ongoing railway projects.

Central bank orders banks to keep database of fraudulent customers

The Central Bank of Nigeria (CBN) has directed banks to establish a database of their customers identified through their Bank Verification Numbers (BVNs) to be involved in confirmed fraudulent activities.

Zenith Bank declares N531bn gross earnings in 9 months

Zenith International Bank Plc has declared gross earnings of N531.3 billion for the third quarter ended Sept. 30, 2017.

NIMASA appeals NLNG tax holiday judgement

The Nigerian Maritime Administration and Safety Agency (NIMASA) has filed an appeal against the judgment of the federal high court, Lagos, delivered in favour of Nigeria Liquefied Natural Gas (NLNG).

Intels apologises to fed govt over termination of pilotage agreement with NPA

Gabriele Volpi, founder of Intels, has apologised to the federal government over the dispute that resulted in the termination of his company’s pilotage agreement with the Nigerian Ports Authority (NPA).

Ford assembly plant unveiled in Lagos, to produce 20,000 vehicles yearly

Coscharis Group has unveiled its Ford assembly plant in Lekki area of Lagos. It has the capacity to produce 10,000 to 20,000 cars yearly.

Fed govt seeks $36 billion to complete railway projects

The Federal Government needs a total of $36 billion to complete its rail projects across the country.

Shell Nigeria lifts force majeure on Bonny Light crude

Shell Petroleum Development Company of Nigeria Limited, a subsidiary of Royal Dutch Shell, has lifted force majeure on the exports of Bonny Light crude oil, one month after it was declared.

Central bank sells N98bn treasury securities to keep naira liquidity tight

Nigeria’s central bank sold 98 billion naira of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned 133.25 billion naira of T-bills, traders said.

Unilever takes hit from hurricanes, strong euro

Unilever, the Anglo-Dutch food and consumer products giant, said Thursday that sales were down in the third quarter, hit by the strong euro and economic fallout from the hurricanes in the United States.

Recent Stories

Tottenham have re-signed goalkeeper Michel Vorm on a deal until the end of the season to cover for the injured Hugo Lloris.

Tottenham re-sign Michel Vorm to cover Hugo Lloris absence

Tottenham have re-signed goalkeeper Michel Vorm on a deal until the end of the season to cover for the injured Hugo Lloris.

Igbo leaders meet President Buhari on Thursday

South East Governors Forum have resolved to meet with President Muhammad Buhari on Thursday over the welfare of Ndigbo.
Sports Minister Sunday Dare (middle) at the National Stadium Lagos

Tokyo Olympics: Athletes to be camped for five months – minister

Ahead of the preparations toward the Tokyo 2020 Olympics, the Minister of Youths and Sports Development, Sunday Dare, on Monday assured athletes that he would ensure a minimum of five months camping.
Governor Seyi Makinde

Oyo government imposes fees on transfer from private to public schools

Oyo State Government has imposed fees on the transfer of students from private to government owned schools, pointing out that the costs were meant to offset administration procedures.

NIMMME: How Nigeria can generate $292 billion with Iron Ore, lead reserves

The Nigerian Institution of Metallurgical Mining and Materials Engineers (NIMMME) has said with available reserves of Iron Ore and lead, asides other resources, the nation can generate $292 billion.