Business

Africa needs $200bn yearly energy investment — IPPG

Africa needs $200bn yearly energy investment — IPPG

•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
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NSE share value plunges by N9bn

NSE share value plunges by N9bn

A decline was recorded in trading on the Nigerian Stock Exchange (NSE), Wednesday, as the value of listed equities plunged by N8.96 billion.

EU lauds Delta developmental strides

EU lauds Delta developmental strides

The European Union (EU) has commended the administration of Dr. Emmanuel Uduaghan of Delta State for the giant developmental strides it has embarked upon in the areas of human capital and infrastructural development.

IFC seeks best practices to support SMEs in Africa

IFC seeks best practices to support SMEs in Africa

IFC, a member of the World Bank Group, today increased its support to small businesses surrounding the Oil, Gas and Mining sectors in Africa by building linkages between clients and local small suppliers to build capacity, develop local procurement and meet world-class standards to ensure sustainability, increase competitiveness and growth.

Minister inaugurates task force for trade facilitation

Minister inaugurates task force for trade facilitation

The Minister of Commerce and Industry, Senator Jubril Maartins-Kuye, has inaugurated a Task Force to support the enforcement of the country’s policy on trade as well as to ensure that all barriers to its implementation were addressed.

Dredging: FG unhappy with work pace

Dredging: FG unhappy with work pace

The Federal Government has expressed disappointment over the shallow and shoddy manner at which the consultant firm handled the Baro, Lot 5 of Lower River Niger dredging project, lamenting that incoherent activities of the consultant has resulted in the extension of the completion of the project by another five months.

New Seme Customs boss warns smugglers, assures  on increase in revenue

New Seme Customs boss warns smugglers, assures on increase in revenue

The new Customs Area Controller of Badagry Area Command,Seme Border, Mr. Mohammed Sulaiman Bawa has promised to sustain the ongoing battle against smuggling while assuring that he would work hard to increase government revenue through maximum collection of duties due to it through the Nigerian Customs Service.

LCCI launches 2010 LITF prospectus

LCCI launches 2010 LITF prospectus

The Lagos Chamber of Commerce and Industry (LCCI), yesterday, launched its 2010 Lagos International Trade Fair (LITF) prospectus.

SON executes court order on fake superGlue, toughens surveillance

SON executes court order on fake superGlue, toughens surveillance

Standards Organisation of Nigeria(SON) has carried out a Federal High Court order to destroy faked Alteco SuperGlue and other substandard products valued at N159.4 million, vowing to toughen surveillance on both locally manufactured and imported superglue products in the country.

New ICAN president vows to strengthen disciplinary tribunal

New ICAN president vows to strengthen disciplinary tribunal

New President, Chartered Institute of Accountants of Nigeria (ICAN), Major General Sebastian Achulike Owuama (rtd), has vowed to strengthen the Disciplinary Tribunal and Investigation Panel of the Institute to ensure speedy dispensing of justice.

Group to tackle grassroot poverty

Group to tackle grassroot poverty

THE Union for the Survival and Sustenance of Micro-enterprises in Nigeria (USSOMEN) has said the union aims to activate the consciousness of the grass-root people so as to fight the increasing rate of poverty.

Pinnacle Point: Trilinear completes N3bn acquisition of ABSA shares

Pinnacle Point: Trilinear completes N3bn acquisition of ABSA shares

The Nigerian Stock Exchange (NSE) has announced plans to delist a total of 10 companies for failure to file in their returns to the authorities in the capital market, as required by law and also for failing to fulfill their obligations to shareholders and the capital market authorities within the last three years.