Federal Government and Russia have partnered to expand oil exploration in Lagos through the latter’s Lukoil Company Nigeria Limited, and operator of the OML 140 Oil Block. The decision was made public when Nigerian Ambassador to the Russian, His Excellency…
Africa will see the establishment of its first dedicated renewable energy yieldco. UK Climate Investments fulfilled its cornerstone commitment of $34 million into the yieldco that will be managed by Revego Fund Managers. Clean, reliable and affordable energy can be a critical…
The lingering strike by Doctors under the aegis of the National Association of Resident Doctors (NARD) has not taken a halt 22 days after the industrial action took off on the 2nd of August, 2021. It appears the health professionals…
By Kayode Tokede Trading in the equities market of the Nigerian Exchange Limited (NGX) continued on last week’s bearish performance, as selloffs in Lafarge Africa, PZ Cussons Nigeria and, nine others triggered the market’s loss. The negative performance was buoyed…
By Kayode Tokede Africa’s largest cement producer, Dangote Cement Plc, has announced the launching of a new N150 billion Commercial Paper (CP) programme. This is according to a notice signed by the company’s secretary, Edward Imoedemhe, and sent to the…
By Kayode Tokede Domestic investors on the Nigerian Exchange Limited (NGX) outpaced foreign investors by 82.70 per cent or N74.24 billion in July trading activities out of the N89.77billion transactions. On a monthly basis, the NGX polls trading figures from…
By Moses Adeniyi The Lagos Building Investment Company Plc (LBIC) despite the tough operating environment posed by the COVID-19 pandemic on the mortgage industry, recorded profit in the year ended 2020, Nigerian NewsDirect has gathered. The disclosure was contained in…
..As APBN members protest multiple taxes in Delta …Gov’t must exercise caution in overtaxing masses — Experts By Salim Umar Ibrahim, Bankole Taiwo, Barth Ndubuwah, & Abimbola Abatta With weak revenue allocation from federal government, state government agencies, according to Nigerian NewsDirect…
By Benjamin Auta The Kaduna State, Local Government Councils, Legislature and Judiciary as well as other stakeholders have all agreed to a new upward improved revenue sharing formula from the federation account. Engr Hassan Hunkuyi, who is a member representing…
The Kaduna State Government, says an attack on Ungwan Dooh village in Zangon Kataf Local Government area of the state on Saturday, has resulted in the death of no fewer than nine persons. Mr Samuel Aruwan, Commissioner for Internal Security…
