The Federal Executive Council (FEC) has approved an Operation and Management concession for the 360 megawatts Gurara II Multipurpose Dam & Hydro Power Plant and the 40 megawatts Kashimbilla Hydro Power Plant under a Public-Private-Partnership (PPP) model with a projected revenue target of N647.7 billion from the deal. The approval by the FEC was sequel […]
The Nigerian Communications Commission (NCC) has granted approval for a spectrum lease transaction for a 2-year period, starting May 1st, 2023 between MTN Nigeria (MTNN) a leading Mobile Network Operator (MNO) and Natcom Development and Investment Limited (NTEL). Available information on the shared with journalists indicated that it would enable MTN Nigeria to lease two spectrums […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, on Tuesday commissioned the Afam 3 Fast Power 240-megawatt (MW) turbine plant in Port Harcourt, Rivers State, as part of sustained efforts by the Federal Government to boost power generation and supply in the country. The Afam 3 power project, which was executed in collaboration with General Electric (GE) […]
The National Council of Privatisation (NCP) has announced Transcorp Group as the preferred bidder of the Abuja electricity distribution company (AEDC). The Vice President, Prof. Yemi Osinbajo, gave this hint on Tuesday in Port Harcourt, Rivers State, while commissioning the Afam 3-Fast Power Plant. The Vice President, who is also the Chairman of the NCP, […]
The Bureau of Public Enterprises (BPE) on Tuesday indicated its readiness to commence verification exercise for the payment of the agreed 16-month severance benefits to the bonafide ex-staff of the defunct Power Holding Company of Nigeria (PHCN), including certified Next-of-Kin (NOK) of the deceased ex-staff who were in service between 1st July 2012 and 31st October 2013. […]
Barely 24 hours after the Airline Operators of Nigeria (AON) reminded the Federal Government on a pending court injunction restraining it from flagging of the proposed national carrier – Nigeria Air – until the determination of the suit before it, the Minister of Aviation, Sen. Hadi Sirika, has insisted that the planned kick off of […]
The Federal Government on Wednesday announced the approval of a 10-year concession to Messrs Alcuff for towage services in Lekki Deep Seaport and Dangote Jetty as part of its sustained drives to enhance the performance of the nation’s non-oil sector, especially the import-export trade subsector, through sundry incentives. The Minister of State for Transportation, Mr. […]
The Federal Government on Tuesday announced that it had approved the Ekiti Knowledge Zone (EKZ) as a Free Trade Zone (FTZ) as part of its current efforts to create more jobs, improve the performance of the non-oil sector of the nation’s economy and by so doing, enhancing the nation’s foreign exchange (FX) earnings. The Special […]
The Bureau of Public Enterprises (BPE) has signed a tripartite agreement to commence the re-concession of the Lagos International Trade Fair Complex (LITFC). A statement issued by the Bureau’s Head of Public Communications, Amina Tukur, indicated that the pact was signed with Portman Freight Services Limited and LITFC to lease a portion of the complex […]
Nigeria Customs Service (NCS) Apapa Area Command on Tuesday disclosed that it raked in N212.592 billion revenue in the first quarter of financial year (FY) 2023. The Apapa Area Controller, Comptroller Auwal Mohammed, disclosed that during the quarter, a total of 110,448 metric tonnes of exports, comprising processed agricultural items such as sesame seeds, ginger, […]