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BUSINESS

The Federal Government has taken over the construction of the Farin-Ruwa Hydropower Multipurpose Dam in Nasarawa State.

The Federal Government has taken over the construction of the Farin-Ruwa Hydropower Multipurpose Dam in Nasarawa State.   Speaking during the inauguration ceremony on Friday in the Wamba Local Government Area of the state, Minister of Water Resources, Malam Suleiman Adamu, said the project had a completion period of 24 months.   He explained that the project was initiated in 2003 and started by the Nasarawa State Government in 2004 […]

todayJune 14, 2021 1

BUSINESS

Investors gained N230bn last week as the Nigerian stock market saw more equities record price appreciation.

Investors gained N230bn last week as the Nigerian stock market saw more equities record price appreciation. The Nigerian Exchange Limited All-Share Index and market capitalization appreciated by 1.11 per cent to close the week at 39,156.28 and N20.41tn respectively. All other indices finished higher with the exception of NGX Insurance, NGX ASeM and NGX Sovereign Bond, which depreciated by 4.12 per cent, 2.00 per cent and 1.45 per cent respectively, […]

todayJune 14, 2021 2

BUSINESS

The President, Muhammadu Buhari, has said that the Federal Government secured 10 convictions for various maritime offences since the Suppression of Piracy and other Maritime Offences Act was signed into law in June 2019.

The President, Muhammadu Buhari, has said that the Federal Government secured 10 convictions for various maritime offences since the Suppression of Piracy and other Maritime Offences Act was signed into law in June 2019. He said this in Lagos on Thursday at the inauguration of the Integrated National Security and Waterways Protection Infrastructure in Nigeria (also called the Deep Blue Project) at the ENL Terminal, Apapa Port, Lagos. In a […]

todayJune 11, 2021

BUSINESS

Niger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria, the Chairman of the Executive Board of the West African Power Pool, Sule Abdulaziz, said on Wednesday.

Niger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria, the Chairman of the Executive Board of the West African Power Pool, Sule Abdulaziz, said on Wednesday. Abdulaziz, who is also the acting Managing Director of the Transmission Company of Nigeria, said the four countries were collaborating to make the power purchase from Nigeria through the Northcore Power Transmission Line currently being built. He […]

todayJune 10, 2021

BUSINESS

The Federal Government through its National Social Investment Management System has shortlisted 550,000 applicants for the final selection for Batch C of the N-Power programme.

The Federal Government through its National Social Investment Management System has shortlisted 550,000 applicants for the final selection for Batch C of the N-Power programme. It also said that the Central Bank of Nigeria would support Batches A and B beneficiaries who had completed the N-Power programme with soft loans. The Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Farouq, said this at a press briefing on Tuesday. […]

todayJune 9, 2021

BUSINESS

The World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world.

The World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world. It said during the last decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa increased. The bank disclosed this on Monday in a report, titled Universal access to sustainable energy will remain elusive without addressing inequalities’. […]

todayJune 8, 2021 1

BUSINESS

The Nigerian stock market reversed some of its recent losses last week as the market capitalisation rose above the N20tn mark.

The Nigerian stock market reversed some of its recent losses last week as the market capitalisation rose above the N20tn mark. The Nigerian Exchange Limited All-Share Index and market capitalization appreciated by 1.23 per cent to close the week at 38,726.10 and N20.19tn respectively. All other indices finished higher with the exception of NSE Consumer Goods, NSE Oil/Gas and NSE Sovereign Bond which depreciated by 0.37 per cent, 0.79 per […]

todayJune 7, 2021

BUSINESS

Motorists and Residents of Gwagwalada decry trucks’ indiscriminate parking at AY Filling Station

  Motorists and some residents of Gwagwalada have decried indiscriminate parking of some trucks at AY filling station, close to SDP junction on the Gwagwalada – Lokoja Expressway. The uncoordinated parking was said to have been causing mishaps and hardships for other road users. It was gathered that some trucks carrying cement to the neighbouring states like Niger, Kaduna, Kano, Nasarawa, Plateau among others used to park along the expressway […]

todayMay 31, 2021 1

BUSINESS

FCT minister of state, Dr Ramatu Aliyu has pledged the administration’s determination to collaborate with resourcesful B farmers towards developing the agriculture sector in the territory.

FCT minister of state, Dr Ramatu Aliyu has pledged the administration's determination to collaborate with resourcesful B farmers towards developing the agriculture sector in the territory. The minister who stated this at the commemoration of the 2021international B day in Abuja identified lack of modern B keeping techniques and access to modern input as some of the major challenges facing the sector. She disclosed that already the FCT administration through […]

todayMay 24, 2021

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