Category: Business News
Business News
Sustainability week: Dangote launches waste-to-wealth, recycling, tree planting initiatives
As part of activities marking the 2019 Global Sustainability Week, employees of the pan-African conglomerate, the Dangote Industries Limited flagged off an environment focused initiative tagged “Waste -to-Wealth initiative”, focused on managing waste disposal while generating income and giving back to communities wherein we operate. The Company marked the Sustainability Week with the theme: “Our…
Ikorodu community lauds Ikeja Electric for ‘Back-To-School’ initiative
Nigeria’s leading electricity distribution company, Ikeja Electric, has received commendation from Executive Chairman, Ijede Local Council Development Association (LCDA), Honourable Salisu Fatiu Jimoh as the company donated educational packs including bags, exercise books and pens to support pupils of Anglican Primary School, Ijede. The initiative, tagged “Back to School’ campaign is in line with the…
NNPC solicits DSS’ assistance on debt recovery, vandalism
Oluwadamilola Shittu – Abuja The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has solicited the support of the Department of State Services (DSS) to assist the corporation in its effort to recover outstanding debts as well as curb pipeline vandalism. Kyari made the plea when he led the management…
NNPC records 77% rise in oil pipeline vandalism in June
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) on Sunday said it recorded 77 per cent rise in oil pipeline vandalism across the country in June 2019. It disclosed this in its Monthly Financial and Operations Report for the month, adding that 106 pipeline points were breached, which increased from the 60 points vandalised…
AfPIF 2019: Lifting barriers to internet connectivity in Africa
With an aim to serve as a platform to expand and develop the African Internet, the 10th annual Africa Peering and Interconnection Forum (AfPIF) took place at the Intercontinental Hotel, Balaclava, Mauritius from 20-22 August, 2019 in collaboration with the local host, Rogers Capital. AfPIF is an annual event that connects and brings key infrastructure,…
Again Buhari approves N600bn intervention fund for power sector
Shittu Oluwadamilola – Abuja President Muhammad Buhari has approved the sum of N600 billion as another intervention fund for the power sector. The Market Operator, Transmission Company of Nigeria (TCN), Edmond Eje, disclosed this on Wednesday in Abuja, while speaking on the sidelines of the third MO interactive stakeholders’ forum. “The plan is at an…
Ikeja Electric, Magodo residents sign power supply agreement
Nigeria’s leading Electricity Distribution Company, Ikeja Electric (IE) has signed an agreement with Magodo Resident Association to invest in electricity infrastructure in the Estate as well as provide reliable and quality electricity supply to the residents. The contract, which is in line with the company’s Premium Power Purchase Agreement, was signed at the association’s community…
NNPC gets NHIS accreditation to provide medical services to Nigerians
Jumoke Adelabu – Abuja Ongoing efforts by the Nigerian National Petroleum Corporation (NNPC) to provide qualitative healthcare services to Nigerians in all walks of life received a major boost over the weekend with the formal accreditation of the NNPC Health Maintenance Organization (HMO) by the National Health Insurance Scheme (NHIS). The accreditation which granted the…
We’ve completed 100 power projects in four years —NDPHC boss
By Oke Peter The Managing Director/Chief Executive Officer of the Niger Delta Power Holding Company Limited (NDPHC), Mr Chiedu Ugbo, has said the firm has completed 100 transmission and distribution projects across the country in the last four years. Chiedu disclosed this at the inauguration of a 2x60MVA, 132/33kV substation and associated 132kV transmission lines…