Category: Business News
Business News
Sixty-year-old man jailed for assault on Ikeja Electric staff
A sixty year old man, Bakare Buraimoh, has been sentenced to six months imprisonment at the Ilaro Correctional Centre, Ogun State, for assaulting a staff of Ikeja Electric (IE)
New Navara expanding Nissan’s 60-year legacy of investment in Africa
When Nissan made its first investment towards Africa’s growth sixty years ago with Datsun’s presence in Zimbabwe and the Nissan Motor Company Limited, opening its Rosslyn operations, it was the humble, but bold start of a journey. With a firm belief in the opportunities that lie on the African continent, the group furthered its investments in 2000, when it purchased a 37 percent stake from Sanlam Group; opened an assembly facility in Egypt; and became the first overseas auto manufacturer to begin local assembly in Nigeria in 2014.
Saudi Crown Prince announces Zero Carbon Smart City
A zero-carbon city will be built on the site of the Neom smart city project, Crown Prince Mohammed bin Salman said on Sunday, as quoted by Reuters.
Gas producers seek full payment from power sector
The Nigerian Gas Association (NGA) and other stakeholders have said the liquidity issues that hamper returns from the power sector should be speedily resolved to address legacy debts and facilitate full recovery of gas revenues from the Nigerian electricity supply industry.
We have not approved 50% increase in electricity tariffs —NERC
The Nigerian Electricity Regulatory Commission (NERC) says the Commission has not approved the purported 50% increase in electricity tariffs.
Mikano Motors to launch autogas, electric cars
Mikano Motors, a subsidiary of Mikano International Limited, has completed plans to roll out autogas vehicles and electric cars in Nigeria.
Wishing all our esteemed customers a Merry Christmas
Wishing all our esteemed customers a Merry Christmas.
Seplat Petroleum, Waltersmith Refinery sign crude purchase agreement
Seplat Petroleum Development Company Plc, has signed a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited.
Clarify how Petroleum Ministry spent N116m on biros, letterhead, toners, SERAP tells Buhari, Sylva
Minister of State for Petroleum Resources to use their leadership positions “to urgently probe how N116 million was spent by your Ministry to buy biros, letterhead and toners in 2015, and to disclose the amount spent on the same items between 2016 and 2020, and if there is evidence of misuse of public funds, refer the matter to appropriate anti-corruption agencies for prosecution.”
FG to review 3 power projects abandoned in Abia North 10 years ago
The Federal Government has promised to review and re-award three major power projects in Abia North Senatorial District in the first quarter of 2021.