The Lagos Deep Offshore Logistics Base, LADOL, says it is now focused on working with the government and the private sector companies in Nigeria to create more jobs after handling the integration work on the multi-dollar Egina Floating Production Storage and Offloading (FPSO) vessel. It is also working toward the creation of an enabling environment for policies…
The newly established national carrier, Nigeria Air Limited, will be financed through a mix of government budgetary provision, private equity debt arrangement and finance syndication from a consortium of regional and international banks, PREMIUM TIMES has learnt. The Infrastructure Concession Regulatory Commission (ICRC), the government agency handling the process towards the airline’s establishment, disclosed in…
Until inter-modal transport system is developed in Nigeria, the path to sustainable development will remain a mirage, Hassan Bello, executive secretary of Nigerian Shippers Council, has said. “Unless we address transport sector infrastructure deficit, we won’t move. Once we get the rail right, it’ll be a game changer. So also is the road, sea, and…
The Nigerian National Petroleum Corporation (NNPC) has received the assurance of China National Petroleum Corporation (CNPC) that it was committed to helping it secure up to 85 per cent of $2.8 billion it requires to build the Ajaokuta-Kaduna-Kano (AKK) pipeline project, a statement from the corporation yesterday disclosed. This is coming as ExxonMobil yesterday…
The News Agency of Nigeria reports that the signing of the MoU was witnessed by President Muhammadu Buhari and his Nigerien counterpart Mahammadou Issoufou at the new Banquet Hall, Aso Rock, Abuja. Nigeria and Republic of Niger on Tuesday in Abuja signed Memoranda of Understanding on the construction of two billion dollars Hydrocarbon Pipeline and…
Environmental concerns have made the use of natural gas very attractive. Surging electricity demand is also one of the major drivers of increased consumption of natural gas (Gas-toPower). Globally, natural gas utilization for electric power generation is expected to increase more than 25% faster than fuel use of all types over the next 10 years….
BY DAVID IORJA Nigeria and China Wednesday in Beijing, signed the agreement of $328million for the Information and Communication Technology Infrastructure Backbone Phase II (NICTIB II) project in Nigeria. Visiting President Muhammadu Buhari equally won the crucial support of the Chinese President, Xi Jinping, for the Nigeria’s aspiration to build the 3050 Megawatts Mambila hydroelectric…
The Administrator, Digital Bridge Institute (DBI), Dr. Ikechukwu Adinde, has called on African governments to launch an aggressive intervention in the ICT sector by investing in digital skills to stimulate economic growth and youth employment. Adinde made this known at the just-concluded International Telecommunication Union (ITU) and the Digital Bridge Institute Regional Human Capacity Building…
Leading connectivity and data centre solutions provider, MainOne, and data centre supplier Minkels have announced the completion of the second phase of upgrade to West Africa’s largest Tier III+ Data centre company (MDXi). The recent upgrade further enhances the capacity of Mainone to deliver on its promise of quality services. MainOne plans to expand its…
Nigerian ISP start-up Tizeti and its consumer facing brand, Wifi.com.ng has closed a Series A round of $3M, led by 4DX Ventures with participation from existing investors Y Combinator Continuity, Lynett Capital, Social Capital, Western Technology Investment, Friále and Golden Palm Investments. This follows on from the company’s Seed investment of $2.1M in 2017. Tizeti…