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Business

African presidents draw consensus for inclusive growth at Africa 2017 Forum

Abdel Fattah el-Sisi

African presidents have reached a consensus to focus on regional integration, inclusive growth and youth empowerment in order to achieve continued and sustained growth on the continent at the Africa 2017 Forum in Sharm El Sheikh, Egypt. President of Egypt, Abdel Fattah Al Sisi, hosted African heads of state and business leaders including President of the Republic of Guinea Alpha Condé, ...

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Four Nigerian firms among 12 selected for ‘deal room’ at Africa 2017

Sharm El Sheikh

Twelve fast-growing African companies have been selected to win a place in the Deal Room – a special matchmaking platform for African companies – to be held at the Africa Forum 2017 on December 8 and 9 in Egypt. The selected companies will meet and pitch their business to leading investors, private equity firms and venture capital firms to secure funding ...

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Shell links Nigerian, Chinese suppliers in bid to develop local content

Shell

More than 20 Nigerian and 60 Chinese suppliers met in a strategic sourcing development forum in Shanghai mid-November 2017 in a recent effort by Shell Nigeria Exploration and Production Company (SNEPCo) to boost the capacity of indigenous vendors in the oil and gas industry. Coming shortly after the 4th edition of the Global Nigerian Forum in Aberdeen, Scotland, the latest event, ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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