Akinwumi Adesina, President of the African Development Bank Group has lamented that a paucity of energy is negatively affecting the growth of Nigerian industries. Speaking at a meeting organised by the Manufacturers Association of Nigeria (MAN) in Abuja on Tuesday October 26, Adesina noted that no business can survive in…
Former presidential aide, Reno Omokri has reacted to report of Kano state’s Hisbah seizing and destroying 5,760 cartons of beer. Omokri who claimed that Kano gets the lion’s share from Value Added Tax from beer, added that it is hypocritical for the state government to keep getting allocations from items…
The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent between December 2020 and mid-June this year, although the pump price of the product remained unchanged, ’FEMI ASU reports From an average of N143.60 per litre in December, the landing cost of…
The Osun State Government has disclosed plans to give out 23 hectares of land in Ifon to interested farmers for planting of tomatoes. The state Commissioner for Agriculture and Food Security, Mr Adedayo Adewole, made the disclosure during an inspection tour to some of the ploughed land along Araromi/Orile-Owu Road,…
Nigeria has lost N24.72bn in 10 days due to the Twitter ban imposed by the Federal government. The Federal government on June 5 placed an indefinite suspension of the operations of the microblogging app in Nigeria after the site took down a tweet posted on the President’s handle. The Federal…
THE business outlook for the Oyo State has been described as positive, with the outlook and confidence rating for doing business in the state standing at 72.2 per cent in the first quarter of the year. This was made known through a Business Expectation Survey made public at the weekend…
Nigeria’s local content has received a boost, following the signing of preliminary Front End Engineering Design, Pre-FEED, agreement as an indigenous firm, UTM Offshore Limited, with Japan Gas Corporation, JGC, to establish a Floating Liquefied Natural Gas, FLNG, the first of its kind in Nigeria. The Pre-FEED scope shall be…
The Nigerianization process at the shipping arm of the Nigerian Liquefied Natural Gas, NLNG,has reached 84 percent while the NLNG Ship Management Limited, NSML is now at 85 percent and the management of the firm is saying that the process would complete 100 percent by end 2022. The process was…
The Federal Government is currently supporting private developers to provide electricity through solar energy, the Vice President, Prof. Yemi Osinbajo, has said. He disclosed this in a statement issued in Abuja by the Head, Communications and Public Relations, Niger Delta Power Holding Company, Olufunke Nwankwo. The NDPHC said Osinbajo spoke…
Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and plants across Nigeria (as at 12th April, 2021) is N2,450 in Obajana and Gboko, and N2,510 in Ibese inclusive of VAT. The clarification was made in view of recent insinuations that…