W’Bank leaks Buhari’s secret, seeks investment in human dev
Fresh revelation on why massive developments have been tailored to the northern part of Nigeria was on Thursday, made by the President of the World Bank Group, Jim Yong Kim. He revealed that President Muhammadu Buhari, during his first meeting…
Lack of commercial viability forcing us to reject power—Discos open up
The spokesman of the Association of Nigerian Electricity Distributors (ANED) and Director of Advocacy and Research, Sunday Olurotimi Oduntan in Abuja on Thursday opened up on why many power Distribution Companies (Discos) engage on load rejection. Nigeria is currently serviced…
Cement backward integration attracted $6bn FDI in 2002—Lafarge
…Now saves N240bn annually More details of the success story of Cement backward integration in 2002 has been revealed by the Procurement Director, Lafarge Africa Plc, Lolu Alade-Akinyemi, at the ongoing 23rd Nigeria Economic Summit in Abuja. He explained that…
Baru reveals how he convinced refinery investors to site in A’Ibom
Fresh details have emerged on why a new set of investors in oil refinery changed their mind to locate the plant in Akwa Ibom State. Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Thursday said…
Why INTELS, experts rejected NPA’s termination of agreement
Reactions have started trailing the sudden termination of Pilotage Agency Agreement between the Nigerian Ports Authority (NPA) and Nigeria’s Oil and Gas logistics giant, INTELS Nigeria Limited. Both INTELS and industry stakeholders say action send’s wrong signal of policy inconsistency,…
Ghanaians, Kenyan developers rout Nigerians @ TechCrunch’s Startup contest
Nigerian technology startups failed to win a price at the just concluded Facebook sponsored first-ever TechCrunch’s Startup Battlefield Africa 2017 in Nairobi, Kenya. TechCrunch’s Startup Battlefield Africa saw 15 startups battle it out to win a US$25,000 prize. Nairobi-based Lori…
‘Free roaming for ECOWAS states best ease of doing business policy’
Telecoms analysts have started reviewing the recent approval for free regional roaming regulation for member states of the Economic Community of West African States (ECOWAS), saying the deal if implemented will boost regional trade and business. Before now, roaming rate…
Osinbajo opens up on NNPC contracts while PMB was away
Fresh angle on Thursday emerged on the trending crisis of insubordination and its denial rocking the petroleum industry since the petition form Minister of State, Dr. Ibe Kachukwu leaked to the press. Vice-President Yemi Osinbajo, yesterday admitted that he approved…
OPEC, allies production limits regain control over supply glut
There seems to be relative stability on global oil prices throughout this week as members of OPEC and even allies regained critical control over the oil market due to their production limits were able to nutralise supply glut that caused…
NPDC reechoes equity production of .5m bpd by 2020 in Owerri
The Nigerian Petroleum Development Company (NPDC), has once again, restated the growing trending that will lead oil equity production to 500,000 bpd by year 2020. Speaking at the ongoing Nigerian Content Workshop in Owerri, Imo State, the Managing Director of…
