Dangote votes $3bn for 540km crude offshore pipeline from N/Delta to Lekki refinery
Ahead of 2018 delivery of the premium value refinery in Lekki Penunsula in 2018, Dangote Group is about concluding plans to embark on $3 billion project for a 540-kilometre pipeline from Niger Delta to the Lekki free trade zone in…
Government begins work on power transmission facilities in six states
The Minister of Power, Works and Housing, Babatunde Raji Fashola has revealed plans to begin work on electricity transmission lines in over six states to boost power supply in the country. The development seems to have been propelled by the…
OPEC agrees on cuts, Nigeria, Libya exempted due to home violence
The Organization of the Petroleum Exporting Countries (OPEC) Wednesday committed its fractious members to their first oil production limits in eight years. The cuts have already triggered jump in oil prices to $50 per barrel and may jump further to…
Coscharis boss, Cosmas Maduka named Car Personality of the year
The President of Coscharis Group, Cosmas Maduka, has won the prestigious Auto Personality of the Year award in Nigeria. The award held in Lagos saw other leading companies and stakeholder winning several laurels at the event. The Managing Director of…
Again, stowaway on Arik Air plane lands in S/Africa from Lagos but dead on arrival
A dead body was found on Wednesday in the wheel well of a Nigerian plane after it landed in South Africa, the airline said in a statement. The body was found on a plane operated by Arik Air, one of…
Mbanefo, NTDC Director General had overstayed her limit by law
The last woman standing in the former administration of President Goodluck Jonathan, the Director General (DG) of the Nigeria Tourism Development Corporation (NTDC), Mrs. Sally Mbanefo, has been removed from office. Observer say the only remaining Jonathan appointee is the…
NJIC seals deal with Dock Union to maintain prevailing wages
The National Joint Industrial Council (NJIC) has agreed to discontinue further negotiations for the increment of wages of dock workers given the prevailing economic conditions facing the maritime industry in general and Nigeria in particular. This decision was reached at…
CBN trains 135 MSME operators Osun State
The Central Bank of Nigeria has further deepened its Micro, Small and Medium Enterprises (MSME) Development Fund initiative with the completion of training for about 135 operators in Osogbo, Osun State. This was disclosed by the Branch Comptroller, CBN, Osun…
Smile gives subscribers 200mins free to call to networks
Customers on the Smile network are in for a thrill this yuletide as the 4G LTE driven telecommunications service provider in West Africa has announced the commencement of ‘SuperTalk’ promo which offers customers on the Smile network up to 200…
Bharti Airtel paid $127m to acquire Econet’s stake in Nigeria’s Airtel
The share sales controversy hobbling Airtel Nigeria may soon fade away as more clarifications have emerged in the over 10 years deal. A statement posted on Bharti Airtel International (Netherlands) website Wednesday has revealed that the company acquired Econet Wireless…
