Wednesday 22nd August 2018,
Hope for Nigeria

Browsing the "Economy" Category

Oyo government demolishes Ayefele’s N800m radio station

Oyo State government yesterday demolished the Music House, a building belonging to popular Juju musician, Yinka Ayefele, along Challenge-Toll Gate Express Way, which houses Fresh FM Station in Ibadan. Ayefele claimed that the property, which was pulled down about 4:30am, [...]

August 20, 2018 Telecomms

Ethiopian Airlines moves to manage proposed Nigeria Air

Ethiopian Airlines (ET) has officially submitted a bid to partner Nigeria in setting up its national carrier. Its Chief Executive Officer, Tewolde Gebremariam, said yesterday that it was in the forefront to manage the proposed Nigeria Air billed to commence [...]

August 15, 2018 Transportation

Yfarm targets 10,000 climate-smart agribusiness farms by 2020

A group, Youth Farm Project (Yfarm) has disclosed plans to establish 10, 000 climate-smart agribusiness farms across the country by 2020. The Programme Manager, YFarm Project, Nkiruka Nnaemego, disclosed this at the end of a 4-day boot camp capacity building. [...]

August 14, 2018 Agriculture

Lagos light rail to commence operation in 2022

Lagos light rail to commence operation in 2022: The Lagos State Government has disclosed that its light rail project running between Mile 2 and Marina will now commence passenger operation in 2022. The state government said on Sunday that after [...]

August 13, 2018 Transportation

Why Ibadan residents should expect another fuel scarcity – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Ibadan chapter, on Wednesday told residents of Ibadan and its environs to brace up for another round of fuel scarcity due to the activities of pipeline vandals. The Independent Petroleum Marketers Association [...]

August 9, 2018 Oil & Gas

Unpaid Pension: We are dying – Retirees protest against Wike

Retirees protest against Wike: Retired civil servants in Rivers State have taken to the streets of Port Harcourt to protest unpaid three years gratuity and pension owed them. The protesters had placards with inscriptions like; “If you are Mr Project, [...]

August 9, 2018 Employment

Employees picket Ikeja Electric offices

Employees picket Ikeja Electric offices: Members of the National Union of Electricity Employees (NUEE) yesterday barricaded Ikeja Electric’s (IE) offices across Lagos including the headquarters in Alausa, leading to thousands of IE’s customers experiencing the discomfort of extended darkness. The [...]

August 9, 2018 Oil & Gas

Oil sector fast losing attraction, says SPE

Society of Petroleum Engineers (SPE) has said Nigeria’s oil and gas sector is fast losing its relevance, given the realities of today’s marketplace.According to the body, an economy like Nigeria that depends largely on the sector was taking an uncalculated [...]

August 8, 2018 Oil & Gas

Wamakko’s supporters destroyed Sokoto airport facility – FAAN

The Federal Airports Authority of Nigeria, FAAN, on Sunday decried invasion of the runway of Sultan Abubakar III International Airport, Sokoto, by crowd of Senator Aliyu Wamakko’s supporters. FAAN General Manager, Corporate Affairs, Henrietta Yakubu, made the condemnation in a [...]

August 6, 2018 Transportation

15 years on, FG seeks revival of brass, Olokola gas projects

About 15 years after the conception of Brass and Olokola Liquefied Natural Gas projects, the Federal Government, at the weekend, said revival of the projects were being considered to achieve projected revenue objectives and create over 5, 000 jobs. Minister [...]

August 5, 2018 Oil & Gas

Facebook uncovers political influence campaign ahead of midterms

Facebook said Tuesday it shut down 32 fake pages and accounts involved in an apparent “coordinated” effort to stoke hot-button issues ahead of November midterm US elections, but could not identify the source although Russia is suspected of involvement. It [...]

August 1, 2018 Technology

Petroleum, raw materials push Nigeria’s import by 19.22%

Nigeria recorded a 19.22 per cent rise in its import value quarter-on-quarter (QoQ) from N2.112 trillion (Q4:2017) to N2.518 trillion (Q1:2018). The Guardian gathered that this is fuelled by heavy importation of petroleum products, solid minerals and other raw materials. [...]

July 27, 2018 Oil & Gas

Google To Provide Free WiFi For Nigerians

Good news for Nigerians, Google To Provide Free WiFi For Nigerians! Google has announced that, in its bid to make the internet more easily accessible to Nigerians, it is launching Google Station for Nigeria. The program aims to provide high quality, [...]

July 27, 2018 Technology

Ambode extends ‘operation restore sanity to Lagos roads’

The order by the Lagos State government to remove all containerised trucks and tankers parked along the Oshodi-Apapa Expressway has been extended by 48 hours. Commissioner for Transportation, Mr. Ladi Lawanson, disclosed this after monitoring the progress of the exercise. [...]

July 23, 2018 Technology

Traffic mayors hold workshop for Lagos drivers

In a bid to complement government’s effort at curbing the menace of traffic in the metropolis, as well as reduce the number of avoidable road crashes, the Special Traffic Mayors (STM) Corps at the weekend held a one-day public enlightenment [...]

July 23, 2018 Transportation

‘Small Dubai’: Kebbi market where you shop at your own risk

The Kalgo Thursday Market is one of the major markets in Kebbi State. The market is popularly known as Small Dubai because of its variety of goods; particularly electronic and telephone products. For this reason and because of the rare [...]

July 22, 2018 Business

Traffic party on Lagos roads as tankers’ takeover enters fourth day

Four days after the lawlessness drivers and owners of articulated trucks unleashed on the Apapa-Oshodi expressway continued unabated, Lagosians have been urged to brace up for ‘Armageddon Reloaded’ on the roads next week when the Federal Government go ahead with [...]

July 20, 2018 Transportation

Tankers’ unending siege to Lagos roads

Beyond the heavy toll on tanker drivers, who spend over 10 days on the queue for a few days’ journey, there are concerns over the safety of Lagos bridges due to the dead weight of the heavy-duty trucks that have [...]

July 19, 2018 Oil & Gas

FG pushes for lower cement price, adoption of concrete roads

FG pushes for lower cement price: The Federal Government has called on cement manufacturers to consider reducing the price of the commodity in order to improve local consumption for various infrastructural projects, even as they continue to build their export [...]

July 18, 2018 Economy

Investors lose further by 0.6% as political uncertainties rise

Economic uncertainties and slowdown of market activities have continued to weaken investors’ appetite for equities on the floor of the Nigerian Stock Exchange (NSE) as the All-Share Index and market capitalisation depreciated further by 0.6%. Specifically, at the close of [...]

July 16, 2018 Business

China’s investment in Nigeria’s oil sector to hit $17 billion

China National Offshore Oil Corporation (CNOOC) will increase its venture in the Nigerian oil and gas sector, especially its offshore investments, to about $17 billion. Chief Executive Officer (CEO) of the Beijing-based Corporation, Yuan Guangyu, disclosed this during a visit [...]

July 16, 2018 Economy

NNPC private guards accuse navy of killing two operatives

Topline Security, a private guard firm engaged by the Nigerian National Petroleum Corporation (NNPC) to secure petroleum pipelines along the stretch of Atlas Cove has accused the Nigerian Navy of killing two of her personnel and abducting two others in [...]

July 16, 2018 Power

FG to complete abandoned projects in Ebonyi varsity

The Federal Government has pledged to complete all abandoned federal government funded projects in Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State.President Muhammadu Buhari made this known when he commissioned some ecological projects initiated and completed in the university. Represented by [...]

July 16, 2018 Agriculture

NBC cautions radio station over alleged partisanship

National Broadcasting Commission (NBC) yesterday stated that the Ekiti Radio had become highly unprofessional and dangerously partisan in its reportage of the gubernatorial democratic process in the state. NCB’s Director General, Is’haq Modibbo Kawu, disclosed this in a statement yesterday. [...]

July 12, 2018 Technology

Nigeria Internet registrar targets 1m .ng domain registrations by 2023

Nigeria Internet Registration Association (NiRA) is targeting the registration of about one million .ng domains names in another five years. The President of NiRA, Rev. Sunday Folayan, at a post event interview in Lagos, at the weekend, said there has [...]

July 11, 2018 Technology

Federal Government plans to close Third Mainland Bridge for repairs tomorrow

The Federal Government yesterday said consultations were ongoing for the closure of Third Mainland Bridge in Lagos for repairs. Federal Controller of Works in Lagos, Adedamola Kuti, who disclosed this in Lagos, said the Ministry of Works would hold a [...]

July 11, 2018 Technology

‘Kaduna, nine others to get N10.7 billion rice mill Dec. 2019’

The Federal Government has said that Kaduna, Kogi, Benue, Anambra, Bayelsa and five other states will get 10 large integrated rice milling machines at the cost of N10.7 billion by December 2019. Minister of Agriculture and Rural Development, Audu Ogbeh, [...]

July 10, 2018 Agriculture

Stakeholders to brainstorm on reforms in oil, gas industry

Orderpaper Advocacy Initiative has disclosed plans to convene a colloquium on the Petroleum Host and Impacted Community Development Bill (PHICDB). The Programme Executive of the group, Mej John Obada, disclosed this in a statement.   He said the meeting would [...]

July 10, 2018 Oil & Gas

2018 budget shortfalls, others may raise debt to N25 trillion

Shortfalls in the 2018 budget may worsen the nation’s debt status, pushing it to N25 trillion by the end of the year. Though the huge amount is far from the debt threshold when compared to a Gross Domestic Product (GDP) [...]

July 10, 2018 Economy

Retirees urge government to settle benefit arrears, review deductions

The Association of Retired Federal Senior Public Officers of Nigeria (ARFESPON), has called on the Federal Government to pay the pension arrears of its members and address matters affecting them. The Chairman, ARFESPON, Olufemi Odewabi, at a press briefing in [...]

July 9, 2018 Employment
Loading...
<>
loading...
<>