By BENJAMIN ORISEMEKE, Abuja – Dangote Group Executive Director, Devakumar Edwin has said the Group’s 650,000 barrels per day refinery is due to begin production by the fourth quarter of 2022, The refinery, being built at a cost of $19 billion in Lagos, has 4.74 billion liters storage capacity,...
BUSINESS
Flour Mills of Nigeria PLC, a leader in the Fast-moving consumer goods (FMCG) recently passed the PECB ISO 27001certification audit for its Information Technology (IT) and cybersecurity framework and policies. This certification has placed Flour Mills of Nigeria PLC as the foremost Nigerian firm in the FMCG sector to...
Emirates Airlines has made an offer to partner with Nigeria in its quest to establish a national carrier. Mr James Odaudu, Special Assistant to Sen. Hadi Sirika, Minister of Aviation, stated in Abuja on Monday that the President of Emirates Airlines, Mr Tim Clark made the offer during a...
By BENJAMIN ORISEMEKE, Abuja – Africa Finance Corporation (AFC) has invested a total of $10 billion in projects across 35 African countries since its inception in the last 15 years. The Corporation invested in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural...
With the coming on stream of the Dangote Fertiliser Plant, in Lagos, Nigeria has commenced exportation of Urea-based fertiliser to the U.S, India, Brazil, Mexico and Argentina. Mr Devakumar Edwin, the Executive Director, Strategy Capital Projects and Portfolio Development, Dangote Group disclosed this on Sunday when the Minister of...
By BENJAMIN ORISEMEKA, Abuja – The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2022 will hold on Wednesday The meeting is scheduled to be held virtually through Zoom and will see key stakeholders in the capital market deliberate on issues...
Dangote Fertiliser Limited has announced plans to train over one million farmers in the next three years to enhance the agricultural sector and create jobs. Mr Uchenna Nwankwo, Deputy Sales Officer, Dangote Fertiliser Ltd., made this known in a statement on Sunday from the ongoing Enugu International Trade Fair....
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director, Currency Operations Department of CBN, which he...
A company has built a toilet and bathroom into his SUV vehicle. With this car, one does not need to worry about the restroom when travelling long distances. CarToq reports that the vehicle solved a major need by installing the toilet inside the Toyota Fortrunner. It has tank for water...
The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4, 478, 381 smallholder farmers under the Anchor Borrowers’ Programme (ABP) across the country. The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi disclosed this on Friday in Enugu during the ongoing Enugu International Trade Fair....
By MBAFAN ADE, Abuja – In preparation for the enforcement of the directive by the Nigerian government, the Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), has urged citizens and legal residents to use the next few days to ensure that they complete the linkage. The...
The Computer Security Incidents Response Team (CSIRT) set up by the Nigerian Communications Commission (NCC) for the telecoms sector, has discovered two new separate cyber threats targeting Windows Platforms and a particular kind of routers respectively.The discoveries were made known in two separate advisories released by the cyber-space protection...
President Muhammadu Buhari says Nigeria is poised to welcome more initiatives and investments in digital technology as he expressed appreciation to Microsoft’s 200 million dollars engineering hub of the African Development Centre. The president stated this when he received the President of Microsoft Corporation, Brad Smith, at the State...
… recognised as one of the top 20 taxpayers by FIRS By JOY ADARA, Abuja – MTN Nigeria Communications Plc (MTN Nigeria) has been recognised with two awards at the recently concluded National Tax Dialogue Event organised by the Federal Inland Revenue Service (FIRS). The second edition of this...
The Nigeria Deposit Insurance Corporation (NDIC) says it has paid N119. 1 billion as insured sums to 5535, 815 depositors, creditors and shareholders of closed banks as at Dec. 29, 2021. The Managing Director of NDIC, Mr Bello Hassan, disclosed this on Friday in Enugu during the 33rdEnugu International...
– Rallies Stakeholders for Synergy, Evaluation on NDEPS – As Danbatta says “NCC raised $563.1M for FG through 3.5GHz auction; 80 million Nigerians have broadband access The Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), has commended all the agencies in the communications and digital...
By BENJAMIN ORISEMEKE, Abuja – Lagos, Ogun, and Rivers States top the list of states in Nigeria with highest domestic debts as of December 2021, jointly owning a sum of N1.12 trillion in domestic debts, which accounted for 25.1 percent of the total state debts. According to data from...
By BENJAMIN ORISEMEKE, Abuja – Chief Executive Officer, Cowry Assets Management Limited, Mr Johnson Chukwu has said that a strong manufacturing sector will lead to increase in employment levels and reduction in value of imports. Chukwu who stated this while presenting a paper tagged “Impact of Vibrant Manufacturing Sector...
…Tasks commission on synergy, policy implementation By JOY ADARA, Abuja – The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, has formally inaugurated Prof. Mansur Bindawa, as a non-executive commissioner on the Board of the Nigerian Communications Commission (NCC) by administering the oath of office on...
Mr Gbenga Komolafe, the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria is adopting a phase-down approach to transiting to cleaner sources of energy. The News Agency of Nigeria (NAN) reports that Komolafe said this at the Africa Economic Summit on Wednesday in Lagos. Represented by Mr...