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Economy & Investments

BUA trains block, concrete makers on Cement mix

Tuesday, July 24, 2018
BUA Cement ndash; a subsidiary of BUA Group has sensitized block and concrete makers on the importance of using the right mix of cement with other components to guarantee that only the highest standard of block and concrete is produced. The 1-day workshop, tagged ldquo;Optimizing Cement Usage t ...

Sahara Group canvasses investments in emerging markets at Europlace forum in Par

Wednesday, July 11, 2018
Tonye Cole, Executive Director of energy conglomerate, Sahara Group will join experts from various global markets to deliberate on harnessing unfolding opportunities in emerging markets at the 2018 Paris Europlace International Financial Forum on July 11, 2018 . Billed as one of the largest C-lev ...

Nigerian Economy: Inflation drops to 11.61 % in May – NBS

Thursday, June 14, 2018
The National Bureau of Statistics (NBS) on Wednesday said the Consumer Price Index (CPI), which measures inflation for May, decreased to 11.61 per cent (year-on-year) from 13.34 per cent recorded in April. The NBS disclosed this in its CPI and inflation Report for May released in Abuja. Accord ...

MainOne to Invest $300m in Communication Infrastructure

Thursday, April 5, 2018
Opeke disclosed this at the 2018 TMT Finance Africa Conference, a forum driving investment for telecoms, media and technology sectors across Africa, in Cape Town, South Africa, last week. MainOne, through its subsidiary, MDXi Data Centre, had recently invested N12 billion in its Lekki data c ...

Report: Nigeria To Lose $2bn Investments, 1000MW Solar Power Projects As Finance

Thursday, March 15, 2018
Investors in Nigeria rsquo;s power sector are threatening to quit Nigeria with over 1000MW projects at stake as the Federal Government backed out of the Power Purchase Agreement (PPA) contracts signed with the project developers. Nigeria in July 2016 signed its first solar PPA in July 2016, ...

Three Solar Mini-Grid Plants To Be Concessioned By The FG

Tuesday, March 6, 2018
The federal government has indicated it would concession three solar power projects; the 50 kilowatts (kW) Pakau mini-grid plant and 40kW Gnami plant, both in Kaduna, as well as the 1.2 megawatts (MW) Lower Usuma Dam solar plant, to private operators to run them successfully. The Assistant C ...

Kogi State and NNPC Sign MOU on Biofuels.... Project To Create 2 Million Jobs

Wednesday, February 28, 2018
The Kogi State Governor, Alhaji Yahaya Bello, has assured the Nigerian National Petroleum Corporation (NNPC) of complete security for their investment in the Alape Staple Crop Processing Zone situated in Kabba/Bunu Local Government Area of the State. He said this at the NNPC Tower, Abuja, while ...

Egmont Group Expulsion: Hold Buhari, Nass Responsible For Putting Nigerian Econo

Friday, February 23, 2018
We are distressed by the threats of the Egmont Group Heads of Financial Intelligence Units to expel Nigeria over its refusal to grant institutional autonomy to the Nigerian Financial Intelligence Unit (NFIU). Our distress is compounded by the lackadaisical and nonchalant attitude with which the ...

Delta State Government to Build 30,000bpd Modular Refineries

Tuesday, February 20, 2018
The Delta State Government on Monday announced that it would commence the construction of three modular refineries with total crude refining capacity of 30,000 barrels per day before the end of this year. It also stated that it had met with the Department of Petroleum Resources on the matter ...

Petrogress, Inc. Announces Expansion of Operations into Nigeria

Wednesday, February 14, 2018
Petrogress, Inc. (OTC:PGAS) announces that its Petrogress Int rsquo;l, LLC ( ldquo;PIL rdquo;) subsidiary has entered into a Memorandum of Understanding and a Partnership Agreement with A E Petroleum Co. Limited, a Nigerian corporation ( ldquo;A E Petroleum rdquo;) to jointly form and co-operate ...

Nigerian firm emerges top at African Mining Indaba

Thursday, February 8, 2018
A Nigerian firm, Thor Exploration Limited (also known as Segilola), a gold mining company operating in Osun State, Nigeria has emerged winner of the 2018 Investment Battlefield for their gold exploration project in the South west state. The company was selected as the most promising of the 2 ...

FG to collaborate with stakeholders, devt agencies to boost mining

Thursday, January 25, 2018
The Federal Government has said it would continue to pursue the implementation of well thought- out reforms and strategic partnerships with key stakeholders in the mining sector in the bid to make Nigeria a leading mining jurisdiction. The Minister of Mines and Steel Development, Dr Kayode F ...

Mining: FG engages Revenue Consultants to boost earnings

Monday, January 22, 2018
The Federal Government has engaged the services of about 100 revenue consultants to work on areas of leakages in the revenue accrued from the mining sector, with a view to shoring up earnings from the sector. The consultants, who would be deployed to the six geo-political zones of the countr ...
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