Oando grows half year revenue to N2.1trn
Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation.
Nigeria to review power MoU with Germany
By Chris Ochayi The Federal Government has said that it will examine and review existing Memorandum of Understanding, MoU, signed with Germany in the power sector with a view to strengthening and making them workable. The Minister of Power, Prof Chinedu Nebo, disclosed this in Abuja last week when he received in audience the newly […]
FG targets $80bn trade with Asia in 2yrs
The Federal Government and Nigeria’s ambassadors across the Asian countries held a strategic meeting in New Delhi, India, for the first time in over 50 years and resolved to work on doubling the volume of trade between Nigeria and Asia to over $80billion (N13.2trillion ) within two years.
Honeywell invests N1bn to boost FG’s cassava policy
The Federal Government’s transformation agenda in the Agricultural sector, weekend, received a boost, as Honeywell Flour Mills Plc said it has invested N1 billion in the upgrade of its mills for increased cassava flour inclusion.
NARTO raises alarm over hijack of loaded tankers
The National Association of Road Transport Owners, NARTO, has raised alarm over the hijack of their trucks by heavily armed men who escape with them fully loaded with petrol and siphon the fuel and set them ablaze afterwards.
Shell divests from 8 crude oil marginal fields in 5 years – Official
Shell Petroleum Development Company of Nigeria (SPDC) on Friday confirmed that it had divested eight Oil Mining Leases (OMLs) in Nigeria from 2010 to date.
