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Monthly Archives: October 2016

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Kashimbila Dam to provide 40mw electricity – Fashola

 ...Appeals to host communities to take ownership Minister of Power, Works and Housing, Mr. Babatunde Fashola, Thursday visited the Kashimbila Multipurpose Dam Project in Taraba...

Exxon Mobil announces major oil discovery

Exxon Mobil Corporation has announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on...

OTL Africa 2016 expo: DPR sensitizes stakeholders

By Ayobami Adedinni The Department of Petroleum Resources (DPR) has restated its commitment to ensuring a regulatory-efficient Oil and Gas sector. It made this known at...

Recession: Dangote advocates tax holidays, infrastructure to attract investments… Laments over 100 million Nigerians...

The distressing state of the nation’s economy was brought to the fore at the weekend when the renowned business mogul, Aliko Dangote lamented that...

FG to improve agric sector with river basins

The Federal Government has revealed its plan to appropriate more funds for the development of irrigation infrastructure in the 2017 budget. Minister of Water Resources,...

Domestic airlines need support – NAAPE

By Oluyinka Onigbinde Workers under the aegis of National Association of Aircraft Pilots and Engineers (NAAPE) have said that the domestic airlines need support to...

Expert charges Discos against politicising electricity distribution

By Oluwagbenga Bankole A famous renewable energy researcher and Managing Director of Prince AdeS Oke Int’l ventures, Prince Okedele Timothy has charged the electricity distribution...

Ethiopian Airline transfers all cargo operations to SAHCOL

By Ayo Fadimu Ethiopian Airline has transferred its cargo operations to Skyway Aviation Handling Company Limited, SAHCOL.Nigerian NewsDirect has learnt. A statement signed by the General...

Dangote Cement records N442bn revenue in nine months

Leading cement manufacturer, the Dangote Cement Plc has declared an increased revenue of N442.09 billion in the last nine months, the Company's financial report...

Seplat reports N24.1bn loss

Seplat Petroleum Development Company Plc has announced a loss of N24.1 billion loss after tax in nine months ended September 2016 from N13.6 billion...
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