The Ministry of Mines and Steel Development has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) for the management of a N5 billion fund in support of Artisanal and Small Scale Miners in…
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The Federal Government yesterday approved the contract of the Mambilla hydro power plant at a cost of $5.792 billion. The project consists of engineering and electro-mechanical works and on completion will produce 3,050 megawatts of electricity, nearly…
Nigeria recorded a major milestone in its ongoing efforts to reduce over-dependence on oil as the Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) have signed a 20-year Gas Sale Aggregation Agreement (GSAA) with…
Allianz Group announced today a binding agreement to acquire 98 per cent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. Allianz Group views Africa as one of the important future growth…
DEPUTY General Manager, Sales and Marketing, CWay Group, Mr. Moses Wang, has said the company is expanding its production capacity to meet the increasing demand for its products. Wang disclosed this at the 10th anniversary of the…
Vice President Yemi Osinbajo yesterday commissioned three million metric tonnes per annum BUA’s Obu Cement factory located at Okpella in Etsako East Local Government of Edo State. Osinbajo who also performed the ground breaking ceremony of the…
Top cement producers in the country are aggressively funding new projects in a bid to raise their installed production capacity by an additional 22.5 million metric tons (mmt) per annum. Vanguard’s investigation revealed that the expansion, by…
The Vice President Yemi Osinbajo on Tuesday in Auchi, Edo State inaugurated the Edo Fertilizer Plant and Chemical Company Limited. The plant, said to have the capacity to produce about 60,000 metric tonnes of fertilizer in a…
Chairman of Greenville, an oil and gas company, Mr. Eddy van den Broeke, disclosed in Abuja, yesterday, that his company would invest $500 million in the country’s gas sector. He said the investment would be in collaboration…
Cross River Government says it is constructing a N7 billion cocoa processing plant in Ikom, Ikom Local Government Area of the state to boost cocoa production. The Governor of the state, Prof. Ben Ayade, said this in…
