Thursday 22nd June 2017,
Hope for Nigeria

Browsing the "Economy" Category

Indonesian Firm Builds Refinery In Akwa Ibom

FDI: Indonesian Firm Builds Refinery In Akwa Ibom

The hope that Nigeria will begin to engage in local refining has been rekindled as an Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest to build a refinery in Nigeria. Mr. [...]

June 22, 2017 Power
Nigeria Loses N140bn To Apapa Gridlock Weekly

Nigeria Loses N140bn To Apapa Gridlock Weekly

President of Dangote Group, Aliko Dangote has lauded the decision of the federal government to reconstruct the failed Apapa Wharf road as a huge loss of close to N140 billion to the government on a weekly basis. Dangote who spoke [...]

June 21, 2017 Economy

BREAKING: DSS Releases Ifeanyi Ubah Unconditionally.

The illegally detained chief executive of Capital Oil and Gas Limited, Dr Ifeanyi Ubah was unconditionally released by the Directorate of Security Service (DSS), as prosecution collapses. After weeks of investigation by the Nigerian Secret Police, they concluded that there [...]

June 20, 2017 Featured Post, General, Government and politics, Oil & Gas
China To Support Nigeria Build Own Transformers

China To Support Nigeria Build Own Transformers

China To Support Nigeria Build Own Transformers – The power sector continues to be a vital component for development. Nigeria, known for its erratic power supply and unstable services, has sought the assistance of China to make transformation in that [...]

June 18, 2017 Power
Ismail Adekola Yusuf

How Kaduna Dryport Will Open Up The North For Business – Yusuf

The chief executive officer/ managing director of Inland Container Nigeria Limited (ICNL), the operator of Kaduna Dryport, Ismail Adekola Yusuf, in this interview with YUSUF BABALOLA, spoke on how the dryport will address the problems being encountered by shippers in [...]

June 12, 2017 Economy
NEITI: Crude Oil Worth $15.9bn Lost in Four Years

NEITI: Crude Oil Worth $15.9bn Lost in Four Years

The Executive Secretary, Nigerian Extractive Industry Transparency Initiative (NEITI), Mr. Waziri Adio, wednesday disclosed that a whopping $15.9 billion in crude oil was either lost or not accounted for between 2011 and 2014. According to him, the sum of $4.3 [...]

June 8, 2017 Oil & Gas
NASS To Create 1.5m Jobs In 5 Years – Saraki

NASS To Create 1.5m Jobs In 5 Years – Saraki

In order to enhance the economy and reduce poverty, the National Assembly has prioritized enactment of laws that would create additional 1.57m jobs and improve income growth in the next five years, Senate President Bukola Saraki has said. According to [...]

June 6, 2017 Employment
APC Appoints Saraki To Lead Buhari’s Anti-Corruption War

2017 Budget: Ministers, National Assembly Meet Over Removal Of Road Infrastructure Funds

A high powered delegation of the executive arm of government yesterday held a closed-door meeting with the leadership of the National Assembly over details of the 2017 budget. LEADERSHIP gathered that the executive arm of government was particularly not happy [...]

June 6, 2017 Economy
Governor Ayodele Fayose

Fayose Buys Fuel From Black Market Sellers Because Of Ekiti Fuel Scarcity

While the strike embarked on by petrol marketers in Ekiti State was going on, Governor Ayodele Fayose also patronized Okada riders who took to hawking of petrol on the streets of Ado Ekiti to alleviate the sufferings of the people.This [...]

June 5, 2017 Oil & Gas
The Akwa Ibom State Toothpick and Pencil Factory

First Toothpick And Pencil Factory In Nigeria (Photos)

The Akwa Ibom State Toothpick and Pencil Factory is located along Km 2, Uyo-Etinan Road,Ekom Iman,Etinan LGA. See photos below:           [...]

June 5, 2017 Business
Babatunde Fashola

‎10,000MW Still Achievable By 2019 – Fashola

The Minister of Power, Works and Housing, Babatunde Fashola, says the Nigerian government’s target of providing 10,000MW of electricity by 2019 is still achievable. ‎According to a statement by the power ministry, Mr. Fashola said this while fielding questions on [...]

June 4, 2017 Power
Motorists, Commuters Kick As Senate Proposes N5 Petrol Charge

Motorists, Commuters Kick As Senate Proposes N5 Petrol Charge

N5 Petrol Charge – Motorists and commuters yesterday kicked against the proposal by the Senate to effect a N5 levy, chargeable per litre, on every petrol and diesel products imported into the country and on other non-locally refined petroleum products. [...]

June 2, 2017 Oil & Gas

Witness: Madueke Used 3 Companies, 2 Persons To Launder $115million

An Operative of the Economic and Financial Crimes Commission (EFCC), Usman Zakari, on Thursday gave graphic details of how the former Petroleum Minister, Mrs Diezani Madueke, laundered $115 million USD, through three oil companies and two individuals. Zakari, the EFCC [...]

June 1, 2017 Oil & Gas

DSS Continued Incarceration Of Ifeanyi Ubah, The Man That Rescued Nigeria Against Oil Marketers Deifies Common Sense.

#FreeIfeanyiUbah!!! Today is 27 days that Ifeanyi Ubah has been in DSS detention without trial except the media war and lies orchestrated by this government agency against him. This is 168 Hours, a Federal High Court in Lagos granted Ubah unconditional [...]

June 1, 2017 General, Government and politics, Oil & Gas
withdrawal of oil prospecting licences

FG Revokes N44.6 Billion Oil Block Licences From Niger Deltans, Retains Licenses Northerner Cabals

N44.6 Billion Oil Block Licences From Niger Deltans: The final withdrawal of oil prospecting licences issued in 2001, 2002, and 2003, for the Utapate Field, 01, 03 and 05, in Delta State, believed to have been won by some indigenous [...]

May 31, 2017 Oil & Gas
Poor Power Supply Persists

Poor Power Supply Persists Despite Rise In Supply To 3,578 MW

Power generation has risen from 3,161 megawatts, MW to 3,578 MW over the weekend as Electricity Generating Companies; GENCOs continue to increase generation after the recent system collapse. This showed 9,222MW below the nation’s 12, 800 estimated daily national demand, [...]

May 9, 2017 Power
Osun Doctors Protest Against Unpaid Salaries

Osun Doctors Protest Against Unpaid Salaries

Osun Doctors Protest – Medical doctors in Osun State on Thursday staged a peaceful protest in Osogbo over unpaid salaries and poor healthcare facilities in state-owned health institutions. The doctors, members of Nigerian Medical Association (NMA), Osun Chapter, carried placards, [...]

May 5, 2017 Employment

Blind Nigerian Man Gives His Land To Over 500 Homeless IDPs For Shelter In Maiduguri

Visually impaired man gives his land to over 500 IDPs for shelter in Maiduguri, Borno State. The Blind man name is Ahmed Ali a.k.a Mai kifi an indigenous of Mafa LGA Borno State. A gesture that is lacking even among [...]

April 26, 2017 Real Estate
SOME-STATE-GOVERNORS

12 states owe salaries despite bailout

LAGOS—No fewer than 12 states are still owing their workers a backlog of salaries and allowances, despite double bailout funds from the Federal Government, with Kogi State owing as many as 15 months, Vanguard investigations have revealed. SOME STATE GOVERNORS [...]

April 25, 2017 Economy
Ethiopian Airlines

Ethiopian Airlines Lands Airbus In Abuja Tuesday [Photos]

The Nnamdi Azikiwe International Airport in Abuja will be open for traffic officially on Wednesday but on Tuesday, it will receive Ethiopian Airlines, which says it will land a brand new Airbus A350-900 in commemoration. The Airline’s Traffic and Sales [...]

April 18, 2017 Transportation
Abuja Airport Closure

Abuja Airport Closure: Income, Life Improve In Communities Along Abj-Kaduna Highway

Abuja Airport Closure: With the introduction of the America-style vehicle registration plates in 1992, the 36 states of the federation and the FCT took pride in showcasing their slogan and nicknames. For some different reasons plate numbers of some states [...]

April 15, 2017 Economy
An open Letter to the Enugu State Government

An open Letter to the Enugu State Government – Onodugo Amagunze Nkanu [Hope for Nigeria FAN]

Good evening…. U people are doing wonderfully well there… I love following u all the time… Pls there is something I will like to share with you so that u can publish it for the world to see… I will [...]

April 14, 2017 Economy
BEVERLY HILLS, April 13, (THEWILL) – The National Intelligence Agency (NIA) is claiming ownership of the $43,449,947, £27,800 and N23, 218,000 seized Wednesday by the Economic and Financial Crimes Commission from Osborne Towers, a luxury residential complex in Ikoyi, Lagos, owned by Mr. Adamu Muazu, a former governor of Bauchi state and ex-National Chairman of the Peoples Democratic Party (PDP), THEWILL has gathered exclusively. The NIA is the government security agency tasked with overseeing foreign intelligence and counterintelligence operations in Nigeria. A ranking government official with knowledge of the latest twist to the seizure confirmed to THEWILL that NIA Director General, Ambassador Ayodele Oke, has been in touch in EFCC’s boss, Ibrahim Magu, to express his displeasure over the raid at the apartment used as one of NIA’s safe houses in Lagos for its clandestine operations. The official said Magu, whose confirmation as substantive chairman of the agency has been frustrated by the DSS and the Senate, has been under pressure to show President Muhammadu Buhari the billions of naira he told the president during a meeting that the EFCC had recovered under his leadership. “So he is on a reckless search for monies hence all these strings of raids and seizures within the last one week,” the source who asked not be identified said. “I can authoritatively tell you that money belongs to the NIA. The DG has come forward to claim it and has informed my office of the development. He is furious with Magu for his agency’s recklessness and for compromising their operations,” the official told THEWILL. Meanwhile, Justice Muslim Hassan of a Federal High Court in Lagos Thursday ordered the temporary forfeiture of the cash and ordered that the funds be temporarily forfeited to the Federal Government and adjourned till May 5, 2017, for anyone interested in the funds to show up before him to show cause why the money should not be permanently forfeited to the Federal Government. THEWILL had previously linked Mrs. Esther Nnamdi-Ogbue, a former Managing Director, Retail, at the Nigerian National Petroleum Corporation (NNPC), to the haul found in an apartment on the 7th floor. She denied ownership of the cash in a statement by her attorney Thursday though admitted residing on the second floor. National Intelligence Agency Claims Ownership

More Twists In The $43m+ Seized By EFCC As National Intelligence Agency (NIA) Claims Ownership – Source

The National Intelligence Agency (NIA) is claiming ownership of the $43,449,947, £27,800 and N23, 218,000 seized Wednesday by the Economic and Financial Crimes Commission from Osborne Towers, a luxury residential complex in Ikoyi, Lagos, owned by Mr. Adamu Muazu, a [...]

April 14, 2017 Finance
Oil Prices Flip Flop After Trump Attack

Oil Prices Flip Flop After Trump Attack

Oil prices surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. But prices later dropped back as there seemed no immediate threat to supplies. U.S [...]

April 7, 2017 Oil & Gas
Veronica Onyegbula

I Made My $544,000 Selling Pure Water – Vero, The Police Pension Scam Suspect Tells EFCC

Veronica Onyegbula, the fourth defendant in the ongoing N24 billion police pension scam trial, told the Economic and Financial Crimes Commission (EFCC) that she made $544,000 from sales of pure water, an FCT High Court heard. An operative of the [...]

April 6, 2017 Economy
Naira bounces back, strengthens against the dollar

Naira bounces back, strengthens against the dollar

The Naira on Tuesday appreciated against the dollar at the parallel market after a sustained one-week depreciation. The Nigerian currency traded between N380 (buying rate), and N390 (selling rate) stronger than N395 recorded on Monday, while the Pound Sterling and [...]

April 5, 2017 Economy
Nigerian Engineer Invents Device That Can Supply The Entire Africa Uninterrupted Power Supply

“24 Hours Electricity Guaranteed” – Nigerian Engineer Invents Device That Can Supply The Entire Africa Uninterrupted Power Supply

A Nigerian engineer, Obayagbona Emmanuel Imafidon, has revealed that he has invented a power-generating device that can solve the problem power outage in the country. In an interview with Guardian, the graduate of Electrical Engineering from the Institute of Management [...]

April 4, 2017 Power
Invest in tourism to create job opportunities

Invest in tourism to create job opportunities – Ohanaeze Ndi-Igbo tells FG, State govts

The Ohanaeze Ndi-Igbo on Monday urged the Federal and State governments to invest in the existing cultural and tourism facilities to create job opportunities and curb crime among the youth. Chief Damian Okeke, the Chairman of Ohanaeze in Anambra, made [...]

April 4, 2017 Economy
3 Month’s Dept Nationwide Blackout Looms As GENCOs Threaten To Shut Down

3 Month’s Dept Nationwide Blackout Looms As GENCOs Threaten To Shut Down

Electricity Generation Companies (GenCos) have not been paid for their services by the Nigeria Electricity Bulk Trader in the last three months. A source in the power sector told Sunday Vanguard in Abuja, at the weekend, that the situation of [...]

April 2, 2017 Power
Made in Nigeria

Made in Nigeria: Man Built Mercedes G-Wagon

Made in Nigeria: Man Built Mercedes G-Wagon. See more photos…         [...]

March 31, 2017 Business
<-----------MAUTIC -----------------> <----------------MAUTIC END -----------> <---------------------activecampaign----> <--------------acend------------------------>
Loading...
<<------------------------------ADMEDIA--------------------------------------->>
loading...
<<------------------------------ADMEDIA END------------------------------------>>