Abuja Housing Show seeks solution to Africa’s housing challenge
WHEN housing sector stakeholders, including government officials, private sector operators, construction industry professionals, media practitioners, local and international trade exhibitors etc, gather for this year’s edition of the annual Abuja Housing Show (AHS), the focus will be on Africa’s housing challenge while discussions will centre on finding solutions to this challenge.
Oando reduces net debt by 29%, posts N1.7bn PAT
OANDO Plc has reduced its net debt by 29 per cent to N225.9 billion in the first quarter 2017 (Q1’17), ended March 31, from N316.6 billion in the corresponding period of 2016, just as Profit After Tax, PAT dropped by 59 per cent to N 1.7 billion from N 4.1 billion.
Nigeria LNG exports landmark 4000th cargo to Turkey
NIGERIA LNG Limited (NLNG) has reached another major milestone with the exportation of its 4000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which also received the Company’s historic 3000th cargo, three years ago.
Efficient management, adjustment of business model enhance NIPCOs growth – GMD
THE Group Managing Director, NIPCO Plc, Mr. Venkataraman Venkatapathy, has attributed the improved performance of the company in the 2016 financial year to increased sales drive, effective management of resources and adjustment of business model to the changing market realities.
Seplat records loses in Q1’17, ramps up operations in Q2
THE sharp decline in global crude oil prices and export disruptions have left Seplat Petroleum Development Corporation Plc, an indigenous oil and gas company, in a negative top-line and bottomline in the first quarter 2017. But the company is stepping up operations in the second quarter while writing down its huge debt portfolio.
Rivers assembles feuding community leaders to sketch peace blueprint
PORT HARCOURT—THE Rivers State Government has commenced a capacity building programme where it ingeniously pulls leaders of crisis-prone communities to an assembly to brainstorm on how to resolve conflicts, arising from land disputes and other communal issues within their localities without resorting to arms and violence.
Ajimobi, Amosun lead Night of Tributes for Famakinwa
Ibadan—Oyo State governor, Senator Abiola Ajimobi of Oyo State and Ibikunle Amosun of Ogun State yesterday led dignitaries to pay tributes to the Director General, Development Agenda for Western Nigeria, DAWN, Commission, Mr Dipo Famakinwa, who died on April 2 at the age of 49.
NIA boss’ probe: Don’t leak national secrets — ANYAOKU
Former Secretary-General of the Commonwealth, Chief Emeka Anyaoku, has thrown his weight behind yesterday’s warning by former Minister of External Affairs, Prof, Bolaji Akinyemi, that secrets on the National Intelligence Agency, NIA, should not be leaked to the public.
Daura State Security?
LAWAL Musa Daura, a native of Daura in Katsina State is the current Director General of the Directorate of State Security Serrvice, DSS, an organisation he had retired from before President Muhammadu Buhari who is also from Daura recalled him in 2015.
N152bn CBN power loan blocking our access to banks’ funds, DISCOs cry out
ABUJA—The Association of Nigerian Electricity Distributors ANED, has cried out that N152.16bn of the N201.61 billion Central Bank of Nigeria, CBN, fund, which is reflecting on accounts of Distribution Companies, DISCOs, was denying them access to commercial banks’ loans.
NPA donates to Borno IDPs
Managing Director of Nigerian Ports Authority, NPA, Hadeza Bala Usman, has donated food items to Internally Displaced Persons, IDPs, Bakassi Camp in Maiduguri, Borno State.
