Making A Comedy Of Kerosene
IN a country that is comedy filled – Nollywood and still other poorer versions - the kerosene shows on television, government’s tremendous efforts at making kerosene available, are at best tasteless. We are supposed to be celebrated that kerosene, imported, is available. A closer look at the television shots, or newspaper pictures, paints a different picture.
How to make agriculture profitable in Nigeria – Stanbic IBTC
Access to agricultural inputs, market linkages, technical support services as well as access to financial services through value-chain financing are the factors that could lead to revival and growth of Nigeria’s ailing agriculture sector, says Jacques Taylor of Stanbic IBTC Bank.
Mining operators seek N200bn capital injection …To create 2m jobs in mining sector
In line with the federal government economic transformation programme through promotion of maximum utilisation of abundant mineral resources in the country, mining operators under the aegis of Progressive Miners Empowerment Association has said that the mining sector would require capital injection of N200 billion to tap the potentials in the sector.
Oman-based firm partners FBN, PMI to build 800 units in Yenagoa
The housing sector in Bayelsa State has received a fresh boost last week when an Oman based solution firm, Good Earth Power Ltd in partnership with Trans Atlantic Mortgage Ltd and First Bank of Nigeria, unveiled plans to build an 800- housing unit estate in Yenagoa. The project is expected to gulp N40 billion on completion.
BPE, Water Resources sign MoU on dams
The Federal Ministry of Water Resources and the Ministry of Power have signed a Memorandum of Understanding, MoU, for the use of some of the country’s dams for power generation, the Minister of Water Resources, Mrs. Sarah Reng Ochekpe, has said.
Power plants: FG laments 40 years of neglect
The Federal Government has set a new target of 5000 Megawatts, MW, for national electric power generation by December 2011, while lamenting that power plants in the country have not experienced any form of overhauling in the last 40 years.
MAN seeks fresh loans from CBN, AMCON as working capital
Manufacturers in the country are making move to ask the Central Bank of Nigeria, and Asset Management Company of Nigeria (AMCON) for fresh funds for retooling and for working capital.
Trading in FGN Bonds rises by 11%
A slight improvement was recorded in trading in the Over-the-Counter, OTC, market for Federal Government of Nigeria bonds last week, as the volume of shares traded appreciated by 10.67 per cent.
Lagos, stakeholders team up to chart a climate change policy
Determined to combat the menace of climate change, the Lagos state government has come up a policy framework that will serve as template for combating climate change in the state.
Lucky Fibres unveils new rugs, weaving machine
Messrs Lucky Fibres Plc, makers of Nobel premium brand of carpets and rugs, has unveiled its new range of woven rugs to its dealers. The company which is the first in the West African sub-region to produce woven rugs, has equally installed the latest state of the art technology, CRP 92 weaving machine from Van Dewiele, Belgium.
Dangote plans N900bn investment within one year
The management of Dangote Group has said that it will invest over N900 billion in strategic areas of the Nigerian economy within the next 12 months.
