Ohuabunwa, GDT boss, opens up on gains of DSO to FG, Nigerians
The Group Managing Director of Gospell Digital Technology (GDT), latest indigenous digital technology and set-top boxes (STBs) manufacturer, Sir Godfrey Ohuabunwa has explained why the federal government will continue to subsidise the cost of STBs to the citizenry. In an…
How Barclays suddenly become advisor in sale of 9Mobile
Facts on why rather than Citigroup and Standard Banks, new advisor had been preferred for arranging the sale of 9Moblie on or before December, 31st 2017. Though analysts say the sudden change had the backing of the 13 banks who…
Lafarge roars to four-fold in 2017 year-to-date operating margins
Leading Nigerian cement solutions provider, Lafarge Africa Plc weekend, reported a four-fold increase in operating margins in its financial results for the 9-month period ended September 2017. Whereas operating EBITDA grew to ₦41.7 billion, net sales increased by 39% to…
ANLCA raises question on fresh charges by shipping firms at ports
The Association of Nigerian Licensed Customs Agents (ANLCA) has viewed with worry; the recent charges slammed on Nigerian importers by CMA-CGM and noted that the act is neocolonialism of licensed custom agents. In a terse statement made available to Business…
Senate to investigate Govs’ pressure on Paris club refunds tomorrow
Palpable running battle between the Senate and state governors on the origin of Paris Club money and refunds will begin this week. Signal to this battle was given during the last week’s plenary when Senator Samuel Anyanwu from Imo State…
Corruption frustrating functionality of refineries—BH Investigations
There are indications that massive selfish gains made by some officials in the process of importing petroleum products especially fuel, Kerosene and diesel within the hierarchy of the Nigerian national Petroleum Corporation (NNPC), have continued to be the stumbling blocks…
Shell pumped $29bn into Nigerian economy in four years—Weli
The General Manager, External Relations of Shell Petroleum Development Company (SPDC), Mr. Igo Weli, has disclosed that the company’s economic contribution to the Nigerian government in four years has hit $29bn. Giving the insights in Yenagoa, the Bayelsa State capital…
NPA, minister mute on worst state of Tincan end of port access road
Whereas Messers AG Dangote Construction Company handling the rehabilitation of the Apapa/Ijora roads in Lagos is reportedly facing challenges in relocating gas pipelines and underground electric cables in the area to enable the work progress smoothly, there seems to be…
NPA live on single window with Nigerian Customs for import, export ease—MD
The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has disclosed that “The Authority is collaborating with the Nigeria Customs Service for effective operations through the Single Window platform for the Clearance of Cargoes at the Ports”….
FG to use $5.5bn loan on power, four rail schemes—Amaechi
Whereas the Federal Government says it needs a total of $36 billion to complete its rail projects across the country, the Minister of Transportation, Chibuike Amaechi, has explained to the Shehu Sani-led Senate Committee on Local and Foreign Debts that…
