Category: Economy

BUA Cement to Establish Ultra Modern Cement, Power Plant in Adamawa

BUA Cement, one of West Africa’s largest cement companies, is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local…

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Nigeria’s National Assembly Indicted Of Gross Violations in various Accounting records, Auditor-General queries over alleged N2bn mismanagement

The 2015 audit report prepared by the office of the Auditor-General for the Federation which is currently being considered by the Senate Public Accounts Committee has indicted the National Assembly…

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OPay Shuts Down Core Businesses, To Focus On FinTech

Opay, has announced that it would temporarily shut down some of its business units to focus only on financial technology services. The company, in a press statement, blamed policies by…

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Land Rover Defender Returns for new Commercial Models

Land Rover has confirmed the new commercial Defender 90 and 110 models will restore the Hard Top name to its rugged 4×4 family. The versatile and durable Defender Hard Top…

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Zainab Ahmed: Why Nigeria can’t stop borrowing

Amid growing concerns over Nigeria’s debt profile, the Minister of Finance, Budget and Planning, Mrs Zainab Ahmed, has said the dual reality of COVID-19 pandemic and the drop in the…

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Rolls-Royce Phantom Presents Exhibition Opportunity

Rolls-Royce Motor Cars has commissioned a highly technical Clean Room at its manufacturing facility at Goodwood, West Sussex. Similar facilities exist in microchip manufacturing plants and in pharmaceutical and medical…

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Air France to lay off 7,580 workers

Air France management said Friday it planned to eliminate 7,580 jobs at the airline and its regional unit Hop! by the end of 2022 because of the coronavirus crisis. The…

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NNPC’s Chief Operating Officer,Roland Ewubare Quits Abruptly

The Chief Operating Officer, Joint Ventures and Business Development, Nigerian National Petroleum Corporation (NNPC), Mr Roland Ewubare, Friday suddenly resigned from the national oil company. Before his new redeployment a…

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Sanctioned Mining Billionaire, Dan Gertler, Finds a Haven in Congolese Bank

Whistle-blower documents show web of accounts tied to Israeli mining magnate Dan Gertler. A year ago in June, a group of bankers marched into a U.S. Treasury office in Washington…

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Q1 petrol imports rise to 5.32 billion litres

  The volume of petrol imported into the country in the first three months of the year rose by 9.24 per cent, compared to the same period in 2019, the…

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