Business

US, NNPC sign $1m grant for 1,350mw Abuja power plant

The United States Government, through its Trade Development Agency, USTDA, has offered a grant of $1 million to Nigeria for the construction of a 1,350 megawatts gas-fired power plant in Gwagwalada, Abuja.

USTDA and the Nigeria National Petroleum Corporation, NNPC, signed the project’s ag [...]

Sun, 16 February 2020


USTDA, NNPC sign $1m grant for 1,350mw Abuja power plant

 

The United States Government, through its Trade Development Agency, USTDA, has offered a grant of $1 million to Nigeria for the construction of a 1,350 megawatts gas-fired power plant in Gwagwalada, Abuja.

& [...]

Wed, 12 February 2020


NNPC records 94% pipeline vandalism in November By Godfrey AKON

 

 

The Nigeria National Petroleum Corporation, NNPC, says it suffered 94 per cent increase in cases of willful hacking and destruction of its pipeline infrastructure across the country by oil thieves in November 2019.

According to the Co [...]

Sun, 09 February 2020


FG partners UNESCO, UNIDO to boost creative industry

The Federal Government says it is combining efforts with the United Nations Educational, Scientific and Cultural Organization, UNESCO, and the United Nations Industrial Development Organization, UNIDO, to boost the nation’s creative industry.

Minister of State for Industry, Trade and Inve [...]

Sun, 09 February 2020


Fidelity Bank appoints Inuwa independent non-executive director

Fidelity Bank Plc has appointed Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the bank with effect from January 22, 2020.

The bank, in a statement by its Head of Corporate Communication, Ejike Ndiulu, said its Board of Directors has notified the Nigerian Stock Exchange, [...]

Sun, 09 February 2020


Forex: CBN injects $218.41m, CNY 18m into retail SMIS

The Central Bank of Nigeria, CBN, says it has injected the sum of $218.41million into the retail Secondary Market Intervention Sales, SMIS, and CNY 18million in continuation of its intervention in the inter-bank foreign exchange market on Friday, February 7, 2020.

CBN’s Director, Corporat [...]

Sun, 09 February 2020


FIRS moves to block $10 billion tax leaks

Effort is being made by the Federal Inland Revenue Service, FIRS, to block over $10 billion tax leak by multinational corporations.

Executive Chairman of FIRS, Mr. Muhammad Nami, said he has launched a comprehensive, ongoing tax collection reform process anchored on four cardinal pillars of reb [...]

Sun, 09 February 2020


Nigeria to sign MoU on economic cooperation with Italy

Nigeria and Italy have agreed to sign a Memorandum of Understanding, MoU, to strengthen trade and economic cooperation.

The move is part of efforts by the Nigerian and Italian Governments to strengthen ties on the areas of agro-allied industries, manufacturing, textile, leather, and telecommuni [...]

Sun, 09 February 2020


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