Deep pocket decisions on Nigerian economy last week ending June 30, 2018
The week in review kicked off penultimate Monday with the Federal Government, through the Debt Management Office (DMO), announcing it intends to raise up to USD2.8 billion (N899bn) in Eurobonds, as part of its plan to finance the 2018 budget,…
Plans for Sahara Power Group to hit Stock Exchange underway—Shonubi
Leading Nigeria’s power sector investor, Sahara Group has given indications on its arrangements to approach the Nigerian Stock Exchange (NSE) for listing as soon as possible. Executive Director and co-founder, Tope Shonubi, who addressed international media executives at the just…
Total commissions first solar-powered service station in Ghana
Local subsidiary of leading International Oil Company (IOC), Total Ghana Limited weekend, unveiled its first solar-powered service station in the country with a 35 kilowatt capacity, at the Tema main harbour. The solar-powered station has a total of 225m2 solar…
Nigerian air travellers’ demand equivalent drop in fares as VAT remittances end
Considering the retaining of ticket rates upon official end to 5% Value Added Tax (VAT), several Nigerian air travellers are beginning to ask questions on why airlines are yet to effect drop in their air fares. A number of domestic…
At 75% means possible delivery of Apapa-Wharf Road before year end—Dangote
The Project Manager, AG Dangote Construction Company Ltd., Mr. Tunde Jimoh has disclosed that barring any last minute hitch, the reconstruction works on Apapa-Wharf Road will be delivered before the end of 2018. This, according to him, is based on…
Customs FOU Owerri ambushes smugglers’ impounds 870 cartons of Tramadol, others
The an anti-smuggling wing of Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘C’, Owerri, has impounded trailer load of 870 cartons of Tramadol and other related goods with a Duty Paid Value (DPV) of N379.29 million between March…
Zinox boos, Ekeh redefines success criteria for entrepreneurs in Africa
Pioneer technology entrepreneur and chairman of Zinox Technologies, Dr. Leo Stan Ekeh has given a graphic percentage of attention to be spread on three key fronts an entrepreneur must deploy to see his or her business succeed in Africa. Explaining…
GE invents world’s 1st upgraded Additive Manufactured Components for Turbines
GE Power weekend, announced the new MXL2 with Additive Manufactured Performance (AMP)—the world’s first upgrade solution for GE’s GT13E2 gas turbines that uses key components manufactured using additive technology. The addition of additive manufactured parts into the MXL2 solution represents…
Marked division between VP, Buhari on restructuring delaying progress—Uranta
…Says its wrong suppressing agitations of 4 out 6 Nigerian Geopolitical regions Public affairs commentator and Executive Secretary of the Nigeria National Summit Group (NNSG), Mr. Tony Uranta has raised an issue of urgent national importance, saying the deep gap…
PDP traces deadlock at FAAC meeting with Govs to Buhari’s Incompetence
The Peoples Democratic Party (PDP) has linked the recent collapse of discussions at the deadlocked meeting of the Federal Accounts and Allocation Committee (FAAC) to the incompetence of President Muhammadu Buhari. In a statement signed weekend by the National Publicity…
