TotalEnergies and its partners have inaugurated projects in Borno, Benue, Kaduna, Gombe, Delta and Anambra states as part of the oil marketing company’s Batch 4 Corporate Social Responsibility (CSR) projects. A statement hoisted on the company’s website on Sunday indicated that the projects comprised fully equipped solar-powered science laboratory, water treatment plants to solar-powered ICT […]
The Airline Operators of Nigeria (AON) on Monday alerted the public that the lingering scarcity of JetA1 fuel, also known as aviation fuel, would further exacerbate flight reschedules and cancellations now being experienced by air travellers unless urgent steps are taken by government to address the problem. The Chairman, United Nigeria Airline and the spokesperson […]
The Transmission Company of Nigeria (TCN) on Monday announced the activation of the Odukpani-Ikot Ekpene 330kV Double Circuit (DC) transmission lines following the completion of repair works and re-erection of the vandalized tower 104 and lines. The company’s General Manager, Public Affairs, Ndidi Mbah, in a statement indicated that the lines were energized at about […]
The Nigerian Communications Commission (NCC) has alerted the public on an ongoing cyber-vulnerability that allows a nearby hacker to unlock vehicles, wirelessly start their engines and steal or go away with the cars. In a statement issued on Sunday on the latest threat to vehicle owners, the commission pointed out that the fact that car […]
US stocks came out of the blocks strongly on Friday, with major gains across all the indexes, thereby bolstering investors’ hope of a better end to a very volatile week. A news report by invezz.com, an online medium, indicated that in early trading, the S&P 500 recorded more than 2%, while the Nasdaq Composite surged […]
The Debt Management Office (DMO) yesterday announced the offer of three Federal Government of Nigeria (FGN) bonds valued at N225 billion, for subscription through auction. The Office listed the three offers as N75 billion, March 2025 FGN bond, at 13.53 per cent interest rate per annum (10 year re-opening); N75 billion, April 2032 FGN bond […]
The president of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has urged the United States to back the institution’s $1.5 billion emergency food production plan. The plan aims to avert a looming food crisis in Africa caused by Russia’s war in Ukraine. Adesina, and a panel of witnesses, on Wednesday testified about global […]
The World Bank Group has projected that COVID-19 pandemic, the Russia-Ukraine conflict and the impacts of climate change would have intense implications for developing economies over the coming years. The Breton Woods institution, in statement hoisted on its website on Friday reflecting the findings of its new report titled ‘Commodity Markets: Evolution, Challenges, and Policies’ […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has clarified why Federal Government decided to concession the Calabar and Kano Free Trade Zones (FTZs), saying that the initiative will catalyse businesses in the West African sub-region through strategic production of goods and services in order to optimize the vast potential […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has unveiled a roadmap to designed to forestall sustained exchange rate instability of the Naira with a view to ensuring the currency’s exchange rate stability and by implication, enhance its value-addition to the economy. The association made this disclosure on Thursday in a statement issued […]