….. Set To Commence Groundbreaking Soon The U.S. Trade and Development Agency has commended the management of Eko Petrochemical and Refining Company Ltd. for the level of work done so far,assuring of its continuous and total support. Mr Thomas Hardy, USTDA’s Acting Director gave the commendation at the weekend during a project inspection of the…
There are indications that the Federal Government plans to deploy more coaches and locomotives in the Abuja-Kaduna fast rail to decongest the trains along the route. The plan also coincides with the promise by the Minister of Transportation, Mr Rotimi Amaechi, to ensure the completion of the ongoing construction work on the Lagos-Ibadan standard gauge…
The Nigeria Liquefied Natural Gas (NLNG) Limited, yesterday disclosed that it would take a final investment decision (FID) on its new 8 million metric tonnes per annum (mtpa) Train-7 gas plant by the fourth quarter (Q4) of 2019. The FID on the much publicised $12 billion Train 7 project was earlier scheduled for December last…
Shell Petroleum Development Company of Nigeria Limited says it has increased the size of its contractor support fund by $200m in a bid to boost the financial capacity of vendors and suppliers in Nigeria’s oil and gas industry. The oil major said in a statement on Sunday that with the latest move, the fund size…
West Africa’s largest independent fibre optic infrastructure, connectivity solution and telecommunications service provider, Phase3 Telecom, has joined in offering grant support to recipients of the first edition of “Glocalization and Branding Summit” orgarnised by Vivacity PR in Abuja. The initiative, which centers on promoting and providing support for private enterprise growth, budding entrepreneurs and start-ups…
This year’s Food and Drink Festival organised by Guaranty Trust Bank (Gtbank), would give room to over 300 food entrepreneurs to prove their culinary skills in a special arrangements made for them by the hosts. This was disclosed by the Managing Director of the bank, Segun Agbaje, during the official announcement of the 2019 edition. Launched…
In line with its promise to create jobs, eradicate poverty and grow the economy, the President Muhammadu Buhari administration through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), is raising a new crop of entrepreneurs across the nation. Apart from a conditional grant from the government, free registration of business name, beneficiaries are…
South Africa’s gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an industry body said on Monday. “In total, as many as 90,222 jobs would be at risk solely as a result of the MYPD4…
Power distributors have declared that they are no longer responsible for the provision of meters to electricity consumers across the country. It was also gathered from the Discos that the monetary shortfall in Nigeria’s power had risen to over N1.4tn despite the marginal improvement in revenue collection by the electricity distributors on behalf of the…
The Ministry of Power, Works and Housing has asked the Nigerian Electricity Regulatory Commission (NERC) to admit new operators into the distribution and generation sectors of Nigeria’s electricity industry, to primarily stimulate competition in the two segments. According to a communique following a retreat, which was organised for its staff last week in Owerri, Imo…
