Nigerian stock market to be as big as Johannesburg Exchange in five years—Dangote
President of Dangote Group, Alhaji Aliko Dangote, has revealed why his confidence in the Nigerian economy and the Stock Exchange in particular has remained unshaken. Giving reasons for his plans to bring the emerging Dangote Oil Refining Company Limited to…
NPA boss, Usman presents N233.8b 2017 budget of infrastructure renewal, revenue hauls
The managing director of Nigerian Ports Authority (NPA), Hadiza Usman has presented a budget of N233.8 billion to the National Assembly for the 2017 fiscal year. Presenting the estimates before the Chairman of House Committee on Ports Harbours and Waterways,…
NSE plans restructuring of REITS, closed end funds to drive efficiency, transparency
The Nigerian Stock Exchange has notified stock market operators on its proposed changes to the framework regarding the trading of Real Estate Investment Trust (REITs); and Closed End Funds listed on The Exchange. In a statement issued Tuesday, the Exchange…
$2bn Airport deal sealed in Awka as Obiano flags off construction today, Wednesday (12/04/17)
Governor Willie Obiano of Anambra State, on Tuesday inked a $2bn Memorandum of Understanding (MoU), marking the effective takeoff of construction activities at Umuleri International Cargo Airport (UICA), the proposed site of the International Airport. Business Hilight had last week…
Abuja airport runway 95% ready, may reopen before or on schedule
Minister of State for Aviation, Capt. Hadi Sirika has given indication that the runway of Nnamdi Azikwe International Airport, may be opened ahead of April 19th date considering the attainment of over 95 per cent more than one week to…
LADOL chairman, Jadesimi denies illegal berthing of vessels, sees base as emerging hub
Chairman of the Lagos Deep Offshore Logistics (LADOL), Ladipupo Jadesimi, has described allegations of berthing vessels illegally at the base as unfounded, saying all is set for the base to become Nigeria emerging hub for Floating Production Storage and Offloading…
Ambode approves bridges to connect four riverine communities in Ojo LGA
Lagos State Governor, Mr. Akinwunmi Ambode has approved the award of contracts for the construction of three pedestrian bridges to link four riverine communities in Ojo Local Government area of the State. Permanent Secretary, Ministry of Works and Infrastructure Engineerr…
Build partnerships to grow investment in ICTs, Taylor tells Commonwealth community
The Secretary General of the Commonwealth Telecommunications Organisation (CTO), Nigeria’s Shola Taylor, on Tuesday called on delegates at the opening ceremony of the inaugural Commonwealth ICT Investment Forum for Emerging Markets (Commonwealth ICT Invest’17) to invest in ICTs He said…
Bricklaying robot may create job disruptions in Nigerian construction industry
Robot bricklayers have been created in New York with a view to deliver 3,000 bricks in one. Humans currently lay about 500 in a day in countries of good working environment and about 200 in Nigeria. The Semi-Automated Mason –…
Glo has all it takes to connect African research institutions for seamless exchange access
Leading West African integrated telecommunications service provider, Globacom, has opened up on its preparedness to drive infrastructure and international partnerships to connect tertiary institutions in Africa. Explaining more on the capabilities of Globacom, Mr. Folu Aderibigbe, Globacom’s Enterprise Group Commercial…
