Wema Bank, Ogun state, others partner set to build modular refinery
The Ogun State Government is going into partnership with a consortium of four private firms to build a refinery, proposed to be the second largest in Sub-Saharan Africa The agreement was signed in Abeokuta between the government and four firms:…
Non-functionality of refineries worsening aviation fuel scarcity
The challenge of inadequate supply and high cost of aviation fuel may linger as the nation’s four refineries remains idle. This according to experts in the aviation sector may continue to frustrate activities in the airline business because of scarcity…
Total acquires AutoGrid, invests in smart grids
Total Energy Ventures (TEV), the venture capital arm of Multinational giant, Total, has invested in start-ups, with the acquisition of interest in AutoGrid, a company that develops digital solutions to manage and optimize energy supplied to and from the power…
Tincan Island Port Customs generates N25.6bn in September
The various strategic plans aimed at enhancing the revenue collecting capacity of the Tincan Island Port Customs Command have started yielding results following the posting of N25.6 Billion as revenue in the month of September 2016. The feat was achieved…
FOU Ikeja seizes over N130m worth of contraband in September
The Nigeria Customs Service, Federal Operations Unit, Zone ‘A’ Ikeja has disclosed that in the month of September alone, it intercepted various prohibited items with a duty paid value (DPV) of N101,546,650.00. Similarly, the Unit through its interventions recovered N30,154,174.75…
SMEDAN, NICON ink MoU on Insurance Cover For SMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has signed a memorandum of understanding (MoU) with NICON Insurance Limited. SMEDAN and NICON, in the agreement, determined to reinforce the agenda of diversification of the economy through the empowerment…
Tony Elumelu Foundation lifting creative industries—Minister
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the partnership between the Federal Ministry of Information and Culture and the Tony Elumelu Foundation will help to re-position the Creative Industries in Nigeria. Speaking at a ceremony for…
Minister To Unveil ‘Change Begins With Me’ To Corporate Nigeria today
The Minister of Information and Culture, Lai Mohammed, will this morning unveil the Federal Government’s national re-orientation campaign ”Change Begins With Me” to the private sector in lagos. A statement issued on Wednesday, said the unveiling was in line with…
FG now wooing Investors with Permits, Visas on arrival
The Minister of Interior, Abdulrahman Bello Dambazzau recently commissioned 28 Combined Expatriate Residence Permit and Alien Card (CERPAC) Centres with a view to attracting foreign direct investments (FDIs) into Nigeria. The centres, well structured, equipped and staffed with individuals having…
Ogunsanya explains why bank-led Mobile Money drive is failing
Chief Executive Officer and Managing Director of Airtel Nigeria, Segun Ogunsanya, has opened up on why the ongoing bank-led Mobile Money is not effective enough. Speaking at an Association of Telecommunications Companies of Nigeria (ATCON) organised reception for the Executive…
