Stock market losses N1.9trn to profit-taking
•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks. The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX. However, last week’s trading was characterised by heavy selling pressure […]
Transport operations on LAMATA’s projects
The Lagos Metropolitan Area Transport Authority, LAMATA has three major projects with significant public transport components. The first is the Bus Rapid Transit, BRT, service between Mile 12 Ikorodu Road and Tafawa Balewa Square, Lagos Island. Dedicated bus lanes were created on Ikorodu Road, Western Avenue, Eko Bridge and the Outer Marina in Lagos at the inception of this service.
FG loses N1.7trn yearly to fraudulent practices, contract awards
The Federal Government says it loses $10billion (N1.7trillion) annually to fraudulent practices in the award of contracts and project reviews. The Director-General Bureau of Public Procurement, BPP, Mr. Emeka Muoma Ezeh, made the disclosure during the opening ceremony of the First National Conference on Public Procurement in Abuja .
Estimated billing: FG licenses 138 companies to provide meters
The Federal Government has given approval to about 138 companies to function as Metering Service Providers in the Nigeria power sector.
Greenhouse gas levels at highest point in 800,000 years, says IPCC report
The world’s top scientists have given their clearest warning of the severe and irreversible impacts of climate change.
Government has responsibility to manage risks – Fashola
Lagos State government has emphasized that individuals and governments have a responsibility to manage riskfor the betterment of lives and those of the people they serve.
