Recapitalisation empowers insurers to protect manufacturing sector — Report
By Rosemary Iwunze Following the conclusion of the insurance industry recapitalisation exercise, the sector is now expected to protect Nigeria’s manufacturing sector against costly industrial risks. It is also expected to have significant implications for manufacturers whose operations are exposed to risks ranging from factory fires and machinery breakdowns to marine cargo losses, engineering failures […]
Akwa Ibom Govt to build Qua Iboe Power plant
PLANS are underway for the establishment of Qua Iboe Power Plant, a new electricity company by Akwa Ibom State Government. The Qua Iboe Power Plant project, which is to be cited at Qua Iboe On-shore Terminal in Ibeno Local Government Area of the state would be operated under Public Private Partnership Agreement (PPA), with the Nigerian National Petroleum Corporation (NNPC) Joint Venture, Dangote Group, Black-Rhino, African Development Bank, International Finance Consortium (I FC) and the Islamic Development Bank as financiers of the project. Governor Udom Emmanuel disclosed this, after a meeting with the investors on the new power plant project in Uyo at the weekend.
Why workers are our major assets – NIPCO MD
THE Management of NIPCO Plc has explained why the workforce of the downstream giant has remained the major asset of the company since its inception in 2004.
Nigeria to save billions of Naira training oil workers locally — OGTAN
Capital flight plaguing the country must be curtailed if the oil industry domesticates training of oil and gas workers, Dr. Afe Mayowa, President of Oil and Gas Trainers Association of Nigeria (OGTAN), has said
CBN injects $210m as Naira appreciates to N360.03/$
The Naira started the week with a 24 kobo appreciation to N360.03 per dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market.
Foreign exchange market gets CBN’s $210m boost
The inter-bank Foreign Exchange Market has received 210 million dollars from Central Bank of Nigeria (CBN) to meet customers’ requests in various segments of the market.
