Business

945MW To Be Added To Grid Before Year End, Fashola Assures

The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Thursday said that additional 945 megawatts of electricity would be added to the national grid before the end of the year. Fashola said this at the Nigeria-South Africa Chamber of Commerce breakfast business meeting in Lagos themed: “Power Sector and the Way Forward’’. He said that additional power would ...

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‘Dangote Refinery Project To Boost Activities In Downstream’

The President, Lagos Chamber of Commerce and Industry (LCCI), Mr. Babatunde Paul Ruwase, has described as magnificent and spectacular the impact the Dangote Oil Refinery project would have on the Nigeria’s downstream petroleum sector. Ruwase, who led members of the chamber on a tour of Dangote Jetty, Refinery and Fertilizer plants recently in Lagos, expressed excitement over the pace of ...

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How Rules Of The Game Are Changing In Africa’s Banking Sector

By Sunil Kaushal An abundance of opportunities We are fortunate to witness a period of monumental progress in Africa. The changes are visible across all sectors. African start-ups have raised a record breaking $560 million in 2017, an increase of 53% from the previous year. African governments have welcomed technology into the continent, hoping to inspire a revolution across all ...

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Why a new national carrier for Nigeria is never likely to get off the ground

Nigeria has abandoned the idea of a national airline. Shutterstock Stephen Onyeiwu, Allegheny College One of the most vexatious ironies about Nigeria – perhaps even an embarrassment – is the lack of a national airline. Nigerians are often very piqued to be travelling on airlines owned by smaller less resource-endowed African countries. Ethiopia, Kenya and Rwanda and South Africa national ...

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Content Board Lauds Dangote Refinery On Local Content

Nigerian Content Development and Monitoring Board (NCDMB) has praised the management of Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) over its adherence to the local content law in the execution of its projects and declared its intention to further partner with it for effective implementation of the Local Content policy in the country. Director, Monitoring & Evaluation, NCDMB, Mr. Akintunde Adelana, ...

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Dana Air loses N100m, Threatens To Downsize

Dana Air on Thursday said it had lost over N100 million to the ongoing dispute between aviation unions and Bi-Courtney Aviation Services Limited (BASL). The airliner said that the dispute had led to the shutting down of the Murtala Muhammed Airport 2 where it was operating from. Dana Air’s Communication Manager, Mr Kingsley Ezenwa, said the airline might also be ...

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Nigeria Worries Over Ghana’s Continuous Closure Of Shops

Nigeria has expressed concern over the continued closure of Nigerians shops in Ghana two weeks after President Koffi Nana-Akudo gave the order to reopen them. The Senior Special Assistant to the President on Foreign Affairs and Diaspora, Mrs Abike Dabiri-Erewa, said in Abuja when the National Association of Nigerian Traders (NANTS) led by its President, Ken Ukuoha, paid her a ...

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Dangote Urges Deepening Of African Economy Through Free Trade

Foremost businessman, Aliko Dangote, has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid growth and development of the Continent’s economy. Speaking during “One to One Conversation” at the on-going 5th annual Financial Times African Summit, the Nigerian entrepreneur said the key to Africa’s economic growth and strength is in ...

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Oil Prices Mark Weekly Gain Ahead Of Iran Sanctions

Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 1 cent to settle at $74.34 a barrel. Global benchmark Brent crude LCOc1 futures for December delivery fell 42 cents to ...

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Frost & Sullivan Expands Into North And West Africa

Frost & Sullivan, a global growth advisory and market intelligence firm, is proud to announce its dedicated presence in North and West Africa to help Africa grow. The firm will offer its global expertise within the local context to provide practical and sustainable support and assist in growing organisations from a research and consulting perspective. In a statement made available ...

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