Abuja Light Rail to Provide 100,000 Jobs For Residents
As President Mohammadu Buhari kicks off the $8.2 million FCT light rail way project, the Federal Capital Territory Administration (FCTA), yesterday said it has delivered its 40 per cent counterpart funding, just as the new Abuja Light Rail mass transit... Read More →
Livestock: Japanese Firm Targets Nigeria in $1bn Pharmaceutical Deal
The trade relation between Nigeria and Japan is set to experience another boost with a Japanese trading house, Sumitomo Corp., listing Nigeria among countries being targeted with its brand of pharmaceutical products for livestock. Buoyed by the belief that the... Read More →
Aero Contractors to Commence C-check Maintenance of Aircrafts
The desire of airline operators to have Maintenance, Repair and Overhaul (MRO) facility in Nigeria, is gradually becoming a reality. In the next six weeks, Nigeria’s oldest airline, Aero Contractors would start C-check maintenance of Boeing classics, Boeing B737-300, B737-400... Read More →
$700M: NNPC, First E&P, Schlumberger to Develop Anyala and Madu Fields
Nigerian National Petroleum Corporation (NNPC), First Exploration & Production (First E&P) and Schlumberger signed a tripartite agreement for development of the Anyala and Madu fields under OML 83 and OML 85, offshore Nigeria. Under the agreement, Schlumberger will contribute the... Read More →
Nigerian Breweries Explores Cassava Starch As Alternative Recipe for Production
To improve the value of its supply chain thereby promoting its backward integration plans, Nigerian Breweries Plc (NB) has said it would continue to invest in cassava starch as an alternative recipe to suit the needs of its customers. The... Read More →
United Capital Wealth for Women Bond Opens to All Gender, Targets 18% Yearly Yield
Newly listed United Capital Wealth for Women Bond was on Monday open on the Nigerian Stock Exchange to all gender while targeting a yearly Return Of 18 percent. Two billion units of the United Capital Wealth for women bond were... Read More →
Shell to Make Final Investment Decision on Multi-Billion Dollar Gas Project in the Niger Delta
Shell Petroleum Development Company Limited, SPDC, has concluded plans to develop a new gas project in the Niger Delta. The Country Chair and Managing Director of SPDC, Mr. Osagie Okunbor, said it was “on the verge of making a final... Read More →
Dangote Group, NCDMB To Partner on 650,000bpd Refinery
The Nigerian Content Development and Monitoring Board (NCDMB) has agreed to collaborate with Dangote Industries Limited in the construction of the company’s 650,000 barrels per day refinery. The Dangote Group also pledged, among others, to use local service firms for... Read More →
Erin Energy Targets Oyo-9 Drilling Completion By December
The start of drilling operations at dual-listed Erin Energy’s Oyo-9 development well, in Nigeria, are planned for July, with a targeted completion date before year-end. This follows the signing of a $15-million drilling contract with Pacific Drilling, in March, for... Read More →