Tuesday 23rd April 2019
Tuesday, 23rd of April 2019
Home / News / Business (page 5)


Government, states, councils share N4.55tr in nine months

Waziri Adio

The total sum of N4.545 trillion was disbursed as the Federation Account Allocation Committee (FAAC) allocations between January and September 2017. Out of this amount, N1.757 trillion was shared in the third quarter of 2017 as against the N1.377 trillion and N1.411 trillion disbursed in the second and first quarters of the year. The information is contained in the latest ...

Read More »

SPDC JV’s Afam VI power plant secures licence for another 10 years

Shell Petroleum Development Company

The Nigeria Electricity Regulatory Commission has renewed the power generation licence for Afam VI Power Plant, a 650MW-capacity facility that has delivered over 25.97 million Megawatt-hour (MWh) of electricity into the Nigerian grid since inception in 2008. Afam VI is owned by The Shell Petroleum Development Company Joint Venture (SPDC JV) and located in Afam in Oyigbo Local Government area ...

Read More »

Solid minerals sector generated N69.2b in 2015, says NEITI

Waziri Adio

Nigeria earned N69.2 billion from the solid minerals sector in 2015, an increase of 24% on the N55.8 billion earned from the sector in 2014. This disclosure is contained in the latest independent audit report of the Nigeria Extractive Industries Transparency Initiative (NEITI) released on Sunday, November 19, 2017 following the approval of the report by the National Stakeholders Working ...

Read More »

Two Nigerians win Shell global entrepreneurship prize

Igo Weli Shell

Two Nigerian business owners, Mr. Precious Adeho and Mrs.Ngozi Deborah Atalor, have emerged winners in the 2017 Shell LiveWIRE Top Ten Innovators competition, a global contest open to beneficiaries of Shell LiveWIRE, and aimed at rewarding shining cases of innovation in businesses supported by the programme. The two Nigerians won the Merit prize along with four others in the same category, while businesses from the ...

Read More »

Abuja chamber lauds VP’s economic planning, development efforts

Yemi Osinbajo

The Abuja Chamber of Commerce and Industry (ACCI) has commended Nigeria’s Vice President, Prof. Yemi Osinbajo (SAN), for the conclusions reached at the recent National Economic Council (NEC) meeting, saying they are critical first steps towards harmonising economic planning and development among the various levels of government. Making the commendation, the incoming President of the Chamber, Prince Adetokunbo Kayode (SAN), described ...

Read More »

Court awards N10.3m damages against Lagos hotel

National Industrial Court

The National Industrial Court (NIC) in Lagos has awarded the sum of N10.3 million against Lagos Travel Inn over a disabling injury suffered by one of its employees, Mr Emmanuel Abah, in the course of his duties. Justice J. D Peters held that the NIC was a court of law and also of equity, which is governed by the rule ...

Read More »

Zenith Bank restates commitment to promotion of ICT knowledge among youths

Zenith Bank

Zenith Bank Plc says it will continue to promote efforts that improve ICT knowledge and penetration in Nigeria through its sponsorship of Nigerian students in the global Microsoft World Championship. The bank’s Group Managing Director, Mr. Peter Amamgbo, said this in Lagos on Wednesday, October 4, 2017 at the Annual ReadManna Award and ICT Exhibition where prizes were presented to ...

Read More »

Shell launches NXplorers education initiative in Nigeria


Shell has launched its global education initiative, NXplorers, in Nigeria, in the latest effort to inspire young people to find solutions to the global challenges of food, water and energy in the face of an increasing  global population. “NXplorers will connect Nigeria to the global search for solutions to the interlinked challenges of food, water and energy by inspiring, preparing ...

Read More »

EFCC arraigns vessel, six alleged oil thieves

Federal High Court

The Economic and Financial Crimes Commission (EFCC) on Thursday, September 28, 2017 arraigned a vessel, MT Vine, and six suspected oil thieves before a Federal High Court, Lagos. They were arrested for allegedly stealing 1080 Metric Tons of Automated Gas Oil (AGO), popularly known as diesel. Those arraigned alongside the vessel are Okpene Peter, Lateef Akin, Sarumi Evans, Obodo Cosmos ...

Read More »

Ooni, group keep hopes alive with new TV programme

Ooni of Ife

His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi, the Ooni of Ife, in conjunction with New Breeze World, is set to produce a TV advocacy programme, Hopes Alive Initiative. The programme is designed for the under-privileged who have a lot to give but are often at a disadvantage due to public misperceptions that limit their opportunities and access to resources. Temitope Oluseyi-Oshin is the ...

Read More »