Business

Shell Targets Equivalent Of 2,400MW Electricity From New Gas Supply Project  

The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4 million homes, Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Osagie ...

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Lagos Launches Cyber Security Toolkit For Small Businesses

The Lagos State Government on Friday announced the introduction of a cyber security toolkit for small business, a free online resource that small businesses can use to significantly reduce their cyber risk and curtail incidences of cybercrime. The toolkit, which is a joint effort between the State Ministry of Justice and the Global Cyber Alliance (GCA), is an international, cross-sector ...

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We’ll Revolutionise Way People Procure Branded Items For Their Business – Creative Brands MD

Nicholas Markovitz is the Managing Director of Creative Brands in Nigeria. The South African corporate and promotional gifting company is barely two weeks old in Nigeria. In this interview with NewsProbe, Markovitz says though there are safety and other concerns with regard to investing in Nigeria, they are not scared in taking some risks. To him, the excitement of being ...

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First Online Marketplace For Cars Launched In Nigeria

AfriCarGroup, part of Emerging Classifieds Ventures, an Australian start-up, leader in operating online marketplaces for cars and real estate in early stage emerging markets around the world, managing more than 110 websites in 90 different countries, has launched the first online marketplace for cars in Nigeria, called Carnaija.com. The online website allows local individual sellers as well as car dealers ...

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FG Extends 50% Discount For Special Business Name Registration

As VP reviews MSMEs clinics with govt agencies & stakeholders Spurred by the successes recorded in the first 50% discount window for business registration in Nigeria, Federal Government has directed the Corporate Affairs Commission to extend by three months, the special window for MSMEs. Vice President Yemi Osinbajo, SAN, gave the directive today at the first quarter MSMEs stakeholder meeting ...

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World-Class Printing And Promotional Branding Company Berths In Nigeria

A world-class printing and promotional branding company has launched operations in Nigeria. The company, Creative Brands, is market-leader in merchandise, custom-branding and print. Creative Brands, www.creativebrands.co.za is known all over the world and by the most esteemed clients including Adidas, Google and Facebook, for their innovative printing and branding techniques and their massive range of top quality promotional products and ...

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19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis

The current crisis facing the Western Metal Products Company has led to the closure of no fewer than 19 enamelware firms, while 250,000 jobs along the steel and enamelware value chain are also about to end, investigations by our correspondent have revealed. WEMPCO is reportedly facing a huge debt burden of over N90bn, planning to sell its flagship five-star Oriental ...

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Investors Lose N713bn In April As Stock Market Tumbles

Investors in the nation’s stock market lost N713bn in April as the stock market declined further, recording a N135bn loss on Tuesday. The stock market opened the month with a market capitalisation of N11.672tn and an All Share Index of 31,041.42 basis points and closed with a market capitalisation of N10.959tn and ASI of 29,159.74bps on the last trading day ...

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Economy Bleeds As Power Generation Drops To 2,039MW

The economy of Nigeria, over the weekend witnessed a major setback as consumers – individuals, households, companies and others experienced prolonged power outages, following a huge drop of power supply from 4,000 megawatts to 2,039 mw. An authoritative report obtained by Vanguard from the office of Vice President Yemi Osinbajo stated: “On April 23rd, 2019, average power sent out was ...

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