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…
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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…
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,…
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…
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…
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…
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…
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…
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,…
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