· Unleashes corporate social responsibility ahead of entry in Alesa · Wins rare award in Alesa Eleme By BARBARA KALU, Port Harcourt – Investors venturing into Alesa Eleme and other communities in the Niger Delta have been advised to ensure that they first build peace processes in those host...
BUSINESS
A financial expert, Dr Uche Uwaleke says an increase in the size of the 2024 budget by the National Assembly will render the inflation rate projection of 21.4 per cent for 2024 unrealistic. Uwaleke, the Director, Institute of Capital Market Studies at the Nasarawa State University, Keffi, said this...
Some Oil and Gas Experts have said that the coming on stream of both Port Harcourt and Dangote refineries may lead to some marginal reduction in the cost of petroleum products and not a significant price crash. The experts made this known in an interview with the News...
The Nigerian Investment Promotion Commission (NIPC) said it had granted three years tax exemption to 34 companies in 2023. Mrs Lovina Kayode, Head of Incentives Administration, NIPC, told newsmen in Abuja that the exemption was to promote the company’s investments drive towards developing the nation’s economy. “This tax...
By OLA MUDOPE, Lagos – The Chief Executive Officer (CEO) of Nigerian Exchange Limited (NGX), Mr Temi Popoola, has said that the domestic entertainment sector, Nollywood, can help to further boost retail investor activity in the capital market due to its appeal to Nigeria’s younger generation. Popoola...
The National Bureau of Statistics (NBS), has said the prices of beef, rice, beans, onion, tomato, and other food items increased in November. Average price of 1kg of boneless beef increased by 29.61 per cent from N2,337.46 recorded in November 2022 to N3,029.50 in November 2023. “On a...
Chairman of the BUA Group,Alhaji Abdul-Samad Rabiu, said that the company would maintain its promise of selling cement at the price of N3,500 from January 2024. He said this while speaking with State House Correspondents after a visit to President Bola Tinubu on Thursday in Lagos. He said...
The nation’s bourse on Thursday rebounded with unprecedented profit, as the market capitalisation gained N401 billion or 0.99 per cent to close at N40.776 trillion, as against N40.375 trillion recorded on Wednesday. The All-Share Index (ASI) also grew by 733.94 or 0.99 per cent to...
First Bank of Nigeria Limited has announced its sponsorship of Kakadu the Musical, a theatre production from the stables of Playhouse Initiative. The play, which is set to return to stage from 28 to 30 December 2023 at the Shell Hall, MUSON Centre, Lagos, is among the...
First Bank of Nigeria Ltd. has announced its sponsorship of Kakadu the Musical, a theatre production from the stables of Playhouse Initiative. The Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney, said this in a statement on Monday in Lagos. She said the play would return to...
By CALLISTUS OFFOR, Abuja – At the conclusion of the World Radiocommunications Conference (WRC) 2023, Nigeria joined the rest of the World to sign unto the Final Act WRC-23, which constitutes a record of the decisions taken at the conference. The Final Act comprises both the new...
The National leadership of Petroleum Tanker Drivers (PTD) branch of NUPENG, on Sunday, told Augustine Egbon, Afolabi Olawale, Williams Akporeha and Salimon Akanni Oladiti that their plot to remove Comrade Lucky Osesua and Comrade Yusuf Dayyabu Garga as Chairman and Deputy Chairman respectively of the PTD would fall though....
BY BARBARA KALU, Port Harcourt – Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, has urged management and staff of the Commission to pray that the development and prosperity of the Niger Delta region continues to flow from the interventionist agency. Dr. Ogbuku, who made...
By OLA MUDOPE, Lagos – Air Peace Airline on Friday said it is set to resume direct flight connectivity to Guangzhou-China on Dec. 28. The spokesman of the airline, Mr Stanley Olisa, announced this in a statement on Friday. He said that passengers could also now fly Accra-China-Accra,...
Angola said it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices. Angola’s Oil Minister Diamantino Azevedo said the Organization of the Petroleum Exporting Countries no longer served...
By EZEKIEL OBI, Abuja – The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has approved a list of new directors for agencies in the ministry. This is contained in a statement issued on Thursday by the mministry’s Head of Public Relations and Public Affairs, Mr...
The Federal Government has said the re-streaming the Port-Harcourt Refinery will increase supply of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, and automatically halt importation. The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, said this on Thursday during an inspection of facilities at the...
The Executive Vice-Chairman of the Nigerian Communication Commission (NCC), Dr Aminu Maida, says he will unveil a strategic plan for the telecommunication sector at the end of January 2024. Maida disclosed this when executives of the Nigeria Information Technology Reporters’ Association (NITRA), Abuja chapter, paid him a courtesy...
By BARBARA KALU, Port Harcourt – The Mayor of Housing and the Rivers State government have tabled new reporting approach to focus on huge potentials of the state and attract investments. The Mayor of Housing, Mr My-ACE China, who is regarded as a real estate strategist, spoke before the...
By BARBARA KALU, Port-Harcourt – The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC). Rehabilitation work has been ongoing at the Refinery for over two years and...