Power Oil Takes CSR Initiative To Ondo

Building on the gains achieved through the spread of its health camp initiative, the management of Power Oil has taken the train to  Ondo where  medical outreach/ awareness program were provided to the indigenes. The initiative which was embarked upon alongside Ministry of Health was flagged of at... [More]

Stocks Shed N310bn As Profit Taking Hits Transactions On The Exchange

Lagos – Trading on the floor of The Nigerian Stock Exchange (NSE) yesterday closed bearish as value of listed equities depreciated significantly by 2.6 per cent The All-Share Index shed 897.71 basis points or 2.6 per cent to close at 33,477.89 points from 34,375.60 points it opened for trading... [More]

Africa Requires $4.3bn Annual Investment In Power Sector’

Lagos – A new World Bank report has called for increased private sector investment in Africa’s underdeveloped electricity transmission infrastructure, as a vital ingredient for reaching Africa’s energy goals. The report observed that the continent requires some $3.2billion to $4.3billion to be... [More]

Cloud-Based Security Market To Hit $9bn

Lagos – Global cloud-based security services growth will remain strong, with a projection of  $5.9 billion in 2017, up by 21 per cent from 2016. This, according to market analyst firm Gartner, points to the fact that overall growth in the cloud-based security services market is above that of t... [More]

Government must interface with the private sector for its housing programme to succeed- REDAN President

Ugochukwu Chime, President, Real Estate Developers Association of Nigeria (REDAN), in this interview with JOHN OSADOLOR, speaks on germane issues relating to the development of the real estate sector of the Nigerian economy. Excerpt: What is the state of the Real Estate business in Nigeria today? Th... [More]

7 Ships Arrive Lagos Ports With Petrol, Other Commodities

Seven ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria (NAN) in Lagos. It said that four of the vessels had... [More]

Nigeria’s N1.4trn Poultry Industry On Verge Of Collapse—PAN DG

Mr. Onallo Akpa, the Director-General of the Poultry Association of Nigeria (PAN), has warned that the poultry industry, worth about N1.4 trillion is on the verge of collapse due to the current harsh economic realities. In an exclusive interview with Independent in Abuja, Akpa lamented that the poul... [More]

IBEDC Urges NERC To Deregulate Meter Ownership

The management of Ibadan Electricity Distribution Company (IBEDC), yesterday in Lagos, urged the Nigerian Electricity Regulatory Commission (NERC) to deregulate the ownership of electricity meters in the country. Ms Angela Olanrewaju, Head, Corporate Communications Unit of the company, who in an enc... [More]

Market Capitalisation Hits N11.89tr On The Exchange

Equities trading on the floor of The Nigerian Stock Exchange (NSE) closed green yesterday with market capitalisation rising by N82.3 billion to close at N11.887 trillion from N11.804 trillion recorded the previous day. The All-Share index also appreciated by 240.5 basis points or 0.70 per cent to cl... [More]

Niger Delta : Shell Nigeria To Invest In Gas Project

The managing director of Shell Petroleum Development Company of Nigeria (SPDC), Osagie Okunbor, yesterday disclosed that the Company is taking into consideration plans to investing in a gas project in Nigeria’s southern Niger Delta energy hub. Nigeria has the world’s ninth largest proven... [More]