Tag: News

FEC Approves N27b For Road Project Linking Ondo, Edo States 
September 29, 2022 No Responses

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 
September 29, 2022 No Responses

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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FG Approves N580.5m For Armoured Vehicles To Fight Drug War
September 29, 2022 No Responses

FG Approves N580.5m For Armoured Vehicles To Fight Drug War

The Federal Executive Council (FEC)has approved N580.5 million for the procurement of four armoured vehicles to fight dangerous and illicit drugs by the National Drug Law Enforcement Agency (NDLEA).  Minister of Justice and Attorney General of the Federat...
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Court Acquits Three AIICO Staff Accused Of N1.5b Fraud
September 29, 2022 No Responses

Court Acquits Three AIICO Staff Accused Of N1.5b Fraud

Justice Oluwatoyin Taiwo of an Ikeja Special Offences Court, on Wednesday acquitted three staff of the American International Insurance Company Limited, (AIICO) charged with fraud of N1.5 billion  The News Agency of Nigeria (NAN) report that Taiwo, in a r...
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Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 
September 29, 2022 No Responses

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
September 29, 2022 No Responses

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
September 28, 2022 No Responses

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
September 28, 2022 No Responses

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
September 28, 2022 No Responses

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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FRSC Advises Political Parties To Shun Reckless Driving During Campaigns
September 28, 2022 No Responses

FRSC Advises Political Parties To Shun Reckless Driving During Campaigns

The Federal Road Safety Corps (FRSC) has advised political parties preparing for campaigns ahead of the 2023 general elections to shun reckless driving during electioneering to avoid casualties.  Mr Peter Kibo, the Zonal Commanding Officer in charge of Og...
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FG To Distribute 12,000 Metric Tonnes Of Grains
September 28, 2022 No Responses

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  
September 28, 2022 No Responses

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
September 28, 2022 No Responses

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
September 28, 2022 No Responses

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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