To fast-track the adoption of Compressed Natural Gas (CNG) in Nigeria, the federal government has inaugurated a Compressed Natural Gas (CNG) vehicles pilot conversion centre in Lagos State, through the Presidential CNG Initiative (P-CNGi). Chief executive officer of P-CNGi, Micheal Oluwagbemi, while speaking at inauguration of the FEMADAC Station on Saturday, described the step as […]
Tag: Business and Finance
Polaris Bank shone brightest over the weekend as its bespoke home-grown digital bank, VULTe won for the third time, Nigeria’s ‘Best Digital Bank of the Year’ prize at the prestigious BusinessDAY’s Banks And Other Financial Institutions (BAFI) Awards. Polaris Bank also scooped ‘Best MSME Bank of the Year’ award at the same event. VULTe, is […]
ENL Consortium Nigeria Limited has signed an agreement with Chinese port operator, Lianyungang Port Holding Group Ltd to deepen investment at the Lagos Port Complex, Apapa and boost trade between both countries. ENL Consortium is the operator of Terminals C and D at the Lagos Port Complex Apapa while Lianyungang Port Holding Group Ltd offers […]
The Obajana plant of the Dangote Cement Plc has conducted a skill development training for students drawn from the host communities on ways to convert plastic waste into crafts and make healthy drinks to sustain their daily needs. The training was through its Sustainability Awareness Campaign and Corporate philanthropy. Sustainability Lead at the Obajana plant, […]
A Civil Society Advocacy Group for Accountability and Probity has called on the Economic and Financial Crimes Commission (EFCC) to investigate the alleged payment of N6.78 billion to the contractor handling the construction of Gusau International Cargo Airport by the former Zamfara State Governor and Minister of State for Defence, Bello Matawalle. The group’s National […]
The federal government, FG, through the Ministry of Marine and Blue Economy has expressed its commitment to scaling up Nigeria’s port rating in the global maritime space. Disclosing this intention at the commissioning of the Mission to Seafarers (MTS) centre in Lagos, earlier in the week, Minister of Marine and Blue Economy, Adegboyega Oyetola, said […]
Even when only 13 out of the 20 products supposed to carry digital tax stamps, as per the second schedule of Local Excise Duty Act, 65% of the over shs1 trillion collected in the last financial year is directly attributable to this solution. Since 2019, the solution has been adopted as part of the domestic […]
BAT Zimbabwe, a listed cigarette manufacturer, says the continued investment in simplification of the business model will enable the company to deliver sustained growth and contribute to the socio-economic development of the country. Group chairman, Mr Lovemore Manatsa, said the company’s journey is premised on a transformational journey anchored on building a better tomorrow by […]
The Nigerian Ports Authority (NPA), has disclosed that 4000 ocean going vessels visit the nation’s seaports annually. Speaking in Lagos, at the commissioning of the Mission to Seafarers (MTS) centre in Lagos, the managing director of NPA, Mohammed Bello-Koko, said a minimum of 6,000 Seafarers visit the country’s seaports every month. LEADERSHIP reports that with […]
The organised labour will today meet with representatives of the federal government to discuss the implementation of the Memorandum of Understanding (MoU) signed by both parties in respect of palliatives measures for fuel subsidy removal. The meeting is expected to evaluate the implementation level of the 12-point MoU signed on October 2, 2023, as the […]
Morogoro — The Government Procurement Services Agency (GPSA) has initiated the process aimed at making all government vehicles use compressed natural gas (CNG) to cut petroleum products costs. The GPSA Acting Head of Communication and Marketing, Mr Peter Mayila, said recently in Morogoro that to implement the programme in this fiscal year will start with […]
Thousands of matric learners are starting their final exams on Monday as load shedding resumes across the country. At least 717,377 matriculants in 6,898 centres will sit for their exams as the 2023 National Senior Certificate examinations begin. Eskom resumed Stage 2 load shedding on Sunday night and said it would escalate the nationwide black-outs […]
The passengers were not wearing life jackets saving. A passenger boat carrying over 100 people, including women and children capsized in Benue River Saturday afternoon. A Daily Trust report revealed that the passengers were mostly local traders who were returning to Binnari, a community in Karim – Lamido Local Government from Mayorenero fish market in […]
The German chancellor told a Nigerian newspaper there was potential for “much more cooperation and investment” with Abuja. Germany is eyeing the possibility of importing natural gas from Nigeria, according to comments Chancellor Olaf Scholz made in an interview with Nigerian daily newspaper The Punch. Scholz is set to arrive in the West African state […]
Kampala Capital City Authority (KCCA) has failed to honour its promise to start the Construction of 69.70km of city roads by February and September 2023 as earlier communicated. According to Kampala city political leaders, most bad roads in question categorized into Lot 1,2,3 and 4 construction works have not commenced whereas those that have already […]
Nairobi — President William Ruto now says the government will use public land to produce food and seeds to curb the rising cost of living in the country. The President emphasized that his government has already earmarked the National Youth Service (NYS) and Kenya Prisons Service among state-owned properties for agricultural activities. “We will cultivate […]
Brazzaville — Kenyan President William Ruto said on Saturday that Kenya will lift visa requirements for all Africans by the end of 2023 with the aim of boosting trade with African countries. “By the end of this year, no African will need a visa to enter Kenya. The time has come to understand the importance […]
The Nigerian Electricity Supply Industry (NESI) has disclosed plans to organise the first NESI golf tournament. Speaking during a press briefing yesterday in Abuja, the coordinator of NESI Golf, Adetunji Adeyeye, said the event which sought to bring together stakeholders in the power sector would take place on November 1 and 2 at the IBB […]