Continental cement merchant, Dangote eyeing South Africa’s cement company
Leading industrialist and emerging continental cement conglomerate investor, Aliko Dangote, has been linked to a fresh move to buy into PPC Group Limited, by way of counteroffers to bid for South Africa’s largest cement company. A credible source in the…
NACCIMA joins league of recession exit doubters, says economic shock looms
Even though many experts and private sector groups are still finding it hard to believe released statistics that the economy attempted a snail growth of 0.55 in the second quarter, some that had little faith, are upbeat that continued dependence…
NERC begins strategic stakeholders’ consultations on way out of Discos funding crisis
Fresh details have emerged revealing that government is now closing in on how best to resolve the intractable funding crisis rocking virtually all the 11 electricity Distribution Companies (Discos) operating in Nigeria. It would be recalled that since the unbundling…
Shell frustrating justice delivery on renewed Ogoni 9 case in Netherlands—AI
Leading global human right watch group, Amnesty International (AI), weekend opened up on what it described as deliberate frustration of the ongoing case on Anglo-Dutch oil giant, Shell bordering on its complicities in the government killing of nine Ogoni leaders…
Rising oil price to $55 on hurricanes impacts may be blessing for Nigeria
Weekend, global oil-markets saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand. However, just as real focus was shifting to three other…
Dangote Cement powers market stocks to N175bn green zone
Thursday stock trading at the Nigerian Stock market saw massive boost in capitalisation as it jumped to N175bn after a 4.74 per cent gain in Dangote Cement Plc to consolidate at the green zone. Whereas Guinness Nigeria Plc topped the…
Fresh insight on why Alison-Madueke ran away since this administration emerges
Contrary to earlier speculations that the former Minister of petroleum Resources, Mrs. Diezani Alison-Madueke had left the country immediately President Muhammadu won the 2015 presidential election on health ground, indications have emerged that her escape was in response to the…
NNPC, ExxonMobil in fresh deal to saturate gas market, boost crude output
Fresh lifeline is underway for increased crude oil production and availability of gas for power generation as the Nigerian National Petroleum Corporation (NNPC) and ExxonMobil upstream joint venture partner have closed a deal that will expand existing operational portfolio. Giving…
Privatisation: Major fault on TCN Afam line 2
Barely three days after the National Council on Privatisation (NCP), chaired by the Vice president, Yemi Osinbajo announced moves to privatise the five lines at Afam Power plant to boost investments and power supply, the Port Harcourt Electricity Distribution Company,…
Give Nigerians broadband, not details of how broadband’ll change their lives, businesses
A cross section of Nigerians who use data on a daily basis for their businesses and personal activities have called on the telecoms regulator, the Nigerian Communications Commission (NCC) to shift emphasis from repeatedly explaining how use of broadband will…
