Ortom flags off construction on N38bn cargo airport
Benue State Governor, Chief Samuel Ortom, weekend flagged off the construction of a N38 billion cargo airport at Dauda in Guma Local Government Area of the state. He said the project would provide a platform for quick evacuation of farm…
Ikpeazu dreams 10,000 hectares for oil palm plantation by 2018
As part of new moves to drive diversification of the state economy, the Abia State Government has embarked on oil palm revolution that will make the state highest exporter of palm produce. The State Commissioner of Agriculture, Uzo Azubuike in…
Dangote Cement hits N442b in Q3 as profit weakens on forex hiccups
Key driver of backward integration in cement supply chain, Dangote Cement Plc has declared increased revenue of N442.09 billion in the last nine months, the company’s financial report released yesterday at the Nigerian Stock Exchange indicated. The revenue in the…
SEC begins financial literacy to drive awareness, growth
The Securities and Exchange Commission (SEC) has disclosed new move to commence a financial literacy awareness campaign across the country to deepen market inclusion. The Commission said this will form the basis for the campaign for today’s World Savings Day…
Unilever hits profit after tax of N49.87bn in Q3 results
Resilient Unilever Nigeria Plc has released its quarter 3 results, saying the financial for the period ended 30th September 2016 shows continued growth and hardwork. The company recorded turnover and profit after tax of N49.87 billion and N1.56 billion respectively…
New NERC Commissioners should review regulatory practice—-Onyia
Prof. Chidi Onyia, the leader of the Power Sector Team at the UK Department for International Development (DFID) funded Nigeria Infrastructure Advisory Facility (NIAF), has called on newly appointed commissioners of National Electricity Regulatory Commission (NERC) to review all agreements…
Dangote refinery not a treat to smaller ones—Iheanacho
The chairman of Integrated Oil & Gas Limited, and former Minister of Internal Affairs, Mr. Emmanuel Iheanacho has allayed the fears that on delivery, the massive Dangote refinery, regarded as the largest in Africa, will take business away from smaller…
Define subsidy now or go full liberalization, Iheanacho tells FG
The back-and-front movements of the federal government on issues surrounding momentary national scarcity or regional price differences have continued to worry key investors in the downstream oil and gas sector. In an interview, former Minister of Internal Affairs, and chairman…
Nigeria again, joins top 10 oil suppliers to US
After some periods of lull, Nigeria has again moved to the ninth position in the supply chain of crude oil to the United States, from 15th and 12th positions in 2014 and 2015, respectively. This was revealed in the latest…
EU warns Yahoo on data protection, asks WhatsApp holding on data sharing
European Union privacy regulators told WhatsApp to “pause” its sharing of user data with parent Facebook as the policy is investigated, while also issuing a warning to Yahoo about an earlier breach. According to several publications, the Article 29 working…
