FEC Approves N27b For Road Project Linking Ondo, Edo States 

FEC Approves N27b For Road Project Linking Ondo, Edo States 

The Federal Executive Council (FEC) has approved N27 billion for the rehabilitation of a 27km road linking Ondo and Edo States.  Minister of Information and Culture, Alhaji Lai Mohammed revealed this to State House correspondents at the end of the...
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FRSC Deploys 800 Patrol Vehicles For ‘Ember Months‘ Campaign 

FRSC Deploys 800 Patrol Vehicles For ‘Ember Months‘ Campaign 

Federal Road Safety Corps (FRSC) has deployed 800 patrol vehicles and 100 ambulances across Nigeria to address possible traffic congestions during the ember months.  FRSC’s acting Corps Marshal, Dauda Biu, said this on Wednesday in Kaduna State while fl...
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Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday.  Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to...
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Germany, UAE Reinforce Energy Partnership

Germany, UAE Reinforce Energy Partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. ...
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NPA Task Contractors, Seeks End To Repairs On Tin-Can, Apapa Roads

NPA Task Contractors, Seeks End To Repairs On Tin-Can, Apapa Roads

The Management of  Nigerian Ports  Authority (NPA) has appealed to the contractors responsible for the ongoing repairs on the two major arteries into the ports in Lagos, the Apapa-Oshodi Expressway and the Leventis Bridge on the Apapa-Wharf Road, to hasten.....
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Engineers Task SON On Fake Auto Parts Influx

Engineers Task SON On Fake Auto Parts Influx

The Nigerian Institution of Mechanical Engineers (NIMechE) on Tuesday called on the Standards Organisations of Nigeria (SON) to checkmate the importation of substandard auto spare parts into the country. The Lagos Chapter Chairman of NIMechE, Mr Abdulganiyu Ti...
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Lagos Disburses N1.56b As Grants To 3,673 Businesses

Lagos Disburses N1.56b As Grants To 3,673 Businesses

Lagos State Government through the state Employment Trust Fund has supported 3,673 businesses with the sum of N1.56 billion as grants.  Gov. Babajide Sanwo-Olu of Lagos State made this known at the Lagos Chamber of Commerce and Industry (LCCI)/Lagos Economic....
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FG To Distribute 12,000 Metric Tonnes Of Grains

FG To Distribute 12,000 Metric Tonnes Of Grains

The Federal Government has concluded arrangements to distribute 12,000 metric tonnes of assorted grains to vulnerable Nigerians.  The Director-General, National Emergency Management Agency (NEMA), Mr Mustapha Habib announced this during a visit to Governo...
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Daewoo Shipbuilding  Seals $1.4b Conditional Takeover Deal  

Daewoo Shipbuilding  Seals $1.4b Conditional Takeover Deal  

South Korean shipbuilding major, Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate, Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. ...
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Senate Passes Bill To Amend CBN Act For Second Reading

Senate Passes Bill To Amend CBN Act For Second Reading

The Senate on Tuesday at plenary passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act.  Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was...
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Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com   — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95  per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...
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Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi

Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State.  The Keb...
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Sterling Positions For Expansion With New Structure 

Sterling Positions For Expansion With New Structure 

With the unanimous support received from its shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand its financial services footprint from traditional banking and deliver more value to its shareholde...
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Fidelity Bank, SMEDAN, Seal SMEs MoU

Fidelity Bank, SMEDAN, Seal SMEs MoU

In what has been termed a major move to bridge the gap in helping small businesses access much-needed funding and capacity development initiatives, Fidelity Bank Plc has announced a strategic partnership with the Small and Medium Enterprises Development Agency...
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