Hope rises for deeper output cut by OPEC+ as oil rises on short-covering
Crude prices inched higher on Wednesday as investors covered short positions after three sessions of losses and eyed potential supply cuts, even as fears of a coronavirus pandemic deepened. Brent crude rose 33 cents, or 0.6%, to $55.28 a barrel…
Fertiliser backward integration loading as Dangote plant begins pre-testing
Leading continental industrial giant, Dangote Group is set to repeat the feat of backward integration it led others to achieve in cement sector few years ago in the nation’s fertilizer sub sector. Strong indication to this came as the company…
Why Nigerian Breweries reported decent Q4-19 upon operating challenges
Leading capital market analyst group, Cordros Securities has given insights on why the Nigerian Breweries reported a decent Q4-19 result despite the challenging operating environment. The new report showed that the company’s revenue growth hit a nine-quarter high, and gross…
Just in: Uzodinma makes gender balanced appointments, 4 women, 4 men
Imo State Governor, Senator Hope Uzodinma has approved the appointments of the seven Special Advisers and one Chief Technical Adviser respectively: A statement signed by the Chief Press Secretary/Media Adviser to the Governor, Oguwike Nwachuku, showed as follows: Hon. (Mrs)…
How Dangote’s local content spirit revived ANAMMCO—ABC Transport boss
Fresh facts have emerged on the secrets behind the surprise survival of the hitherto moribund Anambra Motor Manufacturing Company (ANAMMCO), Enugu, which had been the pride of Eastern auto industry commissioned in 1980 by the Federal Government in partnership with…
More second term endorsements’ for AfDB President, Nigeria’s Adesina
As the election into the board of the African Development Bank (AfDB) which includes the presidency currently occupied by Nigeria’s former Minister of Agriculture, Dr Akinwunmi Adesina draws closer, more endorsements for his second term bid have continued to soar….
Soaring vandalism to deny targeted 70% broadband penetration—ATCON, ALTON
President of the Association of Telecommunications Companies of Nigeria (ATCON), Engr Olusola Teniola has once again, warned that the nation’s fresh target of meeting 70% broadband penetration on the powers of the new National Broadband Plan 2020-2025 may fail if…
Data Center Survey by Forbes Insights, Vertiv show lack of preparedness
…As 71% say current data centers not meeting all their needs Just 29% of data center decision-makers say their current facilities are meeting their needs, and just 6% say their data centers are updated ahead of their needs. These are…
Drogba drives $15bn tourism FDIs for Côte d’Ivoire
More African international players and celebrities both active and retired have continued to drive several degrees of continental capacity development efforts. Whereas Nigerian counterparts are bringing in socially hazardous investments mainly betting/gamingmFDIs, elsewhere, other African sports or music icons are…
NERC cap ambush: Why Discos may rush customers with meter from now
The latest order placing a cap on the range upon which electricity distribution companies (Discos) charge unmetered customers is set to change the sad narrative and neck-cutting monthly tariffs levied on the over 52% of power consumers nationwide. The Nigerian…
