‘Why Amosun proposed N60bn road project’

Timothy Adewuyi The proposed 10-lane Abeokuta-Sagamu interchange road project has reportedly generated disagreement between the Ogun State Governor, Ibikunle Amosun, and top government officials. A state house source disclosed this to our correspondent at Oke-Mosan, Abeokuta. The source said some state officials felt the decision to reconstruct the road to 10 lanes was a misplacement […]

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Oil soars above $51 as OPEC agrees deal

‘Femi Asu obal oil benchmark, Brent crude, traded above $51 per barrel on Wednesday after the Organisation of Petroleum Exporting Countries agreed on its first limit on oil output since 2008. OPEC had in September said it would reduce production to 32.5 million barrels per day from the current figure of 33.24 million bpd. Brent, […]

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Ericsson sacks 160 Nigerian workers, takes jobs to India

Ife Ogunfuwa Ericsson Nigeria, the local subsidiary of the global telecommunications solutions provider, has disengaged about 160 permanent and outsourced workers in its Network Operating Centre, investigations have shown. It was gathered that disengagement, which takes effect on Sunday, December 4, 2016, affected 55 full-time employees of the company. According to sources in the company, […]

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Stocks appreciate marginally, AXA Mansard, UPDC top losers

Stanley Opara The Nigerian equity market traded relatively flat on Wednesday (the last trading day of the month), with AXA Mansard Insurance Plc, UACN Property Development Company Plc and Nascon Allied Industries Plc emerging as the top three losers. The Nigerian Stock Exchange market capitalisation rose to N8.689tn from N8.686tn, while the All-Share Index closed […]

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ARMTI to discuss agriculture at 19th annual lecture

Success Nwogu The Agricultural and Rural Management Training Institute will today (Thursday) host its 19th annual lecture at its campus. The Public Relations Officer, ARMTI, Mr. Mayowa Gidado, gave the topic of the lecture as: ‘Youth in agriculture: Possibilities and opportunities for sustainable agricultural business in Nigeria’. The guest lecturer is the Managing Director/Chief Executive […]

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Adegboruwa wants post-humous SAN for Agbaje

Activist lawyer, Mr. Ebun-Olu Adegboruwa, has called for the conferment of the rank of the Senior Advocate of Nigeria post-humously on Lagos-based human rights lawyer, Mr. Fred Agbaje, who died last Saturday. The Fred Agbaje’s Chambers, in a brief statement on Sunday, officially announced the death of its principal partner, Agbaje, saying the vibrant lawyer […]

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Gas reform: Stakeholders advocate willing buyer-seller model

 ’Femi Asu Industry stakeholders have highlighted the need to reform the domestic gas market by allowing gas suppliers and buyers to determine the price of the commodity. The Managing Director/Chief Executive Officer, Total E&P Nigeria Limited, Mr. Nicolas Terraz, who described the development of the gas sector as critical, said several key enablers had been […]

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NCDMB to unveil five-year road map

The Executive Secretary, Nigerian Content Development and Monitoring Board, Mr. Simbi Wabote, has said the board will soon unveil a five-year road map that will chart a new Nigerian content implementation path. Wabote said the new road map would increase value addition in the oil and gas industry and bring tangible benefits to Nigerians. According […]

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Shell, Nigerian musician partner for bright energy ideas

A Nigeria musician, Yemi Alade, has taken the lead in spreading Shell’s #makethefuture campaign, which aims to inspire youths and entrepreneurs for bright ideas that can help in the global quest for more and cleaner energy. According to a statement by the oil company, the multiple award nominee and winner of the 2015 MTV African […]

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Solewant Nigeria invests $15m in coating plant

The Managing Director, Solewant Nigeria Limited, Mr. Solomon Ewanehi, said the company had invested over $15m in a coating plant in Port Harcourt, as part of efforts to boost local content. A statement by the company quoted him as saying at the inauguration of the plant that the facility was capable of engaging from 500 […]

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