Home Business Page 489


Lagos targets two million passengers on water daily

Lagos State Governor, Mr Akinwunmi Ambode, on Sunday commissioned three newly acquired executive boats by the State Government, with a pledge to fully explore the tourism and economic potentials of the waterways in the State for the overall benefit of the people.

Saudi stocks drop after corruption probe detains businessmen, officials

Saudi Arabia’s stock market fell in early trade on Sunday after Crown Prince Mohammed bin Salman moved to consolidate his power and crack down on corruption with a cabinet reshuffle and a string of detentions of prominent figures.

MKO Airport to become operational in eight months

Moshood Abiola International Airport, Ido-osun, Osun state, will be completed and become operational within the next eight months.

Cross River communities commend govt for establishing new cocoa estate

Some people of Osomba and Akim communities in Akamkpa Local Government Area of Cross River have commended the State Government for establishing a new cocoa estate in the area.

Modular refinery ownership: Environmentalist alleges plan to hijack of licences

Mr Pat Obiene, an environmental rights activist, wants the Federal Government to allow only former operators of artisanal refineries in the Niger Delta, own the proposed modular refineries in the region.

Donald Trump urges Saudi Aramco listing in US

President Donald Trump has urged Saudi Arabia to list the state-owned oil giant Aramco in the United States stock exchange market.

Kaduna Electric signs contract for 200,000 meters

Kaduna Electricity Distribution Plc has signed an agreement with three companies – Messrs. Marks & Adams Investment limited, Electricity Meter Company of Nigeria, EMCON, and Holley Meters Ltd – to supply 200,000 pre-paid meters to its customers across the four states of operations.

Ivory Coast electricity output surges by 10% with new hydro plant

Ivory Coast on Thursday November 2,2017 started producing power at a 275 megawatt (MW) hydroelectric plant that will boost the country’s electricity output by more than 10 percent.

Banks begin compilation of accounts without BVN

Deposit Money Banks on Friday began compilation of customers’ accounts without Bank Verification Numbers.

Fed govt rolls out compendium on incentives for investors

Nigeria now has a compendium of available incentives for foreign and local investors who are looking for opportunities to invest in the country.

beIN TV places further disclaimer on TStv

beIN, a global sport and entertainment company based in Qatar, has placed further disclaimer on the use of its content by Nigerian service provider, Telecom Satellite TV.

Saudi’s Khalid al-Falih calls for more work to cut global oil inventory

Saudi Arabian oil minister Khalid al-Falih said on Saturday that more work was needed to reduce global oil inventories.

Osun has no financial commitment to MKO International Airport – AWOL chief

Besides, the state government would earn five per cent of the profit of the airport, Land rent, collect tax and other necessary dues would be committed to the government before the transfer.

Dangote Group, Helios Towers in early lead in 9mobile bid

The race to acquire 9mobile, Nigeria’s fourth largest telecoms network operator, is taking a new dimension, as Dangote Group and Helios Towers are already emerging as the top two contenders among the 16 local and international companies bidding to acquire it.

Diamond Bank to shut down operations in Togo, Senegal and Cote d’Ivoire

Diamond Bank on Friday said it would sell West African banking operations in Benin, Togo, Cote d’Ivoire and Senegal to focus on the Nigerian retail banking opportunity.

NNPC, Agip to add extra 480mw of electricity to national grid by 2019 –...

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, has said the joint venture between the NNPC and the Nigerian Agip Oil Company (NAOC) will add an extra 480 megawatts (MW) to the federal government’s power generation aspiration.

Nigeria to host ICAO World Aviation Forum

Nigeria is set to become the first country to host the International Civil Aviation Organisation (ICAO), World Aviation Forum (IWAF), scheduled to hold from Nov. 20 to Nov. 22 in Abuja.

Infrastructure decay, responsible for business failures – official

Mr Chidi Ezirigwe, Principal Manager, Abuja Enterprise Agency, has identified poor planning and infrastructure decay as factors responsible for business failures in Nigeria.

Recent Stories

President Muhammadu Buhari’s Personal Assistant on Social Media, Lauretta Onochie, has described the President as a “General” who jails the corrupt and loves the poor people in Nigeria.

President Buhari, our General, the jailer of the corrupt, lover of the poor –...

President Muhammadu Buhari’s Personal Assistant on Social Media, Lauretta Onochie, has described the President as a “General” who jails the corrupt and loves the poor people in Nigeria.
Nigeria Police

Police: 49 arrested during Kogi, Bayelsa polls

The Inspector-General of Police, Mohammed Adamu, says 49 persons have been arrested for alleged involvement in election violence and thuggery in the just concluded elections in Bayelsa and Kogi states.
Logo of the World Health Organization [WHO]

Nigeria, WHO partner to stop medicalisation of female genital mutilation

The Federal Government in collaboration with the World Health Organization (WHO) and other partners is harmonizing efforts to put a stop to the medicalisation of Female Genital Mutilation (FGM).
Senate President Ahmed Lawan 1

Senate seeks legal backing for constituency projects in national budget

The Senate on Wednesday sought to provide legal backing to the provision of Constituency Projects in Nigeria’s annual budget by a minimum of 20 per cent.

NOC appoints Oba Elegushi as chairman, patrons forum

The Nigeria Olympics Committee (NOC) has appointed His Royal Majesty, Oba Saheed Elegushi, as the Chairman of the body’s patrons’ forum.