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Nigerian Gas declares N13.29bn profit, begins gas processing
By Olawale Abdul-Fatah
Nigerian Gas Company (NGC), has declared N13.29 billion as profit representing 117 percent increase compared to last year’s revenue.
NGC, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), also…
FG seeks states cooperation for mining sector boost
By news desk
The Minister of Mines and Steel development, Arch. Olamilekan Adegbite, has explained that cooperation between federal and state governments would play a vital role in developing mining sector and attract international…
IMF approves Angola’s $247m loan request for reform
By News Desk
The International Monetary Fund (IMF) has approved the second tranche of a $247 million loan to be paid to Angola under its Extended Fund Facility following a review of the southern African oil producer’s progress under the…
Sanwo-olu launches N250m fund to boost tech start-ups
By Olawale Abdul-Fatah
With a whopping N250 million seed capital earmarked by the Lagos State Government for technology and innovation, tech start-ups and young innovators in the State now have the opportunity to push their…
MTN kicks against S.African regulator’s recommendations on data costs
By News Desk
South African telecoms group, MTN, has vowed to vigorously oppose recommendations of the Competition Commission after the regulator instructed MTN and other telecommunication firms to lower data prices.
“We respectfully…
We will strengthen Lagos business environment- Sanwo-Olu
By News desk
Lagos State Governor, Babajide Sanwo-Olu, has assured the business community that his administration is ready to improve infrastructure around industrial zones in the state.
The Governor stressed that all necessary…
FG sets fresh conditions for border re-opening
By News Desk
Weeks after shutting the land borders to its neighbours, the Federal Government has set fresh conditions that must be met before the borders could be reopened.
The conditions were set yesterday when the Federal Government…
Indian automobile firm, Union lock horns over 3,000 job cuts
By News Desk
Tata Steel Europe has begun talks with its workers on a “transformation program” that involves up to 3,000 job cuts, prompting an angry response from union leaders who said the plan needed to be revised.
Indian-owned Tata…
Africa spends $35bn annually on food importation- ECA
By News Desk
Counsellor for Economic Cooperation at the Germany Embassy in Abidjan, Benjamin Laag, has condemned the huge funds spent annually by Africans on food importation.
Laag stressed the continent is blessed with vast agriculture…
China Car manufacturer mulls assembly plant for Lagos
By Olawale Abdul-Fatah
Following the visit of Lagos State Governor, Babajide Sanwo-Olu, to the headquarters of Guangzhou Automobile Group (GAC Motors) in China, the company has concluded plans to visit the state and establish a vehicle…