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ENERGY

We’ve offered to return our licences twice, FG refused – DisCos

The Executive Director of research and advocacy of the Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan has fired back at the minister of power, Saleh Mamman over a comment credited to him on DisCos stepping aside if they can’t show enough capacity on distributing electricity.   In an interview with ARISE TV on Monday February 24, Oduntan revealed that […]

One billion barrels of crude oil discovered in Northeast – Minister of State for Petroleum Resources, Timpre Sylva

The Minister of State for Petroleum Resources, Timipre Sylva has announced that about one billion barrels of crude oil have been discovered in the Northeast region of the country.     READ ALSO:     Hire A Web Design Company In Lagos Sylvia disclosed this on Wednesday February 12, while speaking at the end of the 2020 Nigeria International […]

UK-Africa Investment:Nigeria Secures Commercial Deals Worth N153.4bn From UK

The Federal Government has been able to secure commercial deals worth over ₦153.4billion from the inaugural UK-Africa Investment Summit which was held in London.   READ ALSO:       Hire A Web Design Company In Lagos President Muhammadu Buhari, who led a delegation from Nigeria, held meetings with Prime Minister Boris Johnson and His Royal […]

UK Government’s Statement On “UK-Africa Investment Summit 2020”

The UK-Africa Investment Summit on 20 January 2020 laid the foundations for new partnerships between the UK and African nations based on trade, investment, shared values and mutual interest. Billions of pounds of new commercial deals were announced highlighting the strength of the UK’s offer and existing relationship with Africa.   READ ALSO:     Hire […]

TECH

Bob Iger steps down as Disney CEO in surprise announcement; Bob Chapek replaces him

Bob Iger, 69, has stepped down as CEO of the Walt Disney Company, effective immediately and Bob Chapek is the new CEO, the board of directors announced on Tuesday, February 25.   Disney named the company’s head of parks and resorts, Bob Chapek, CEO effective immediately. But Mr. Iger will stay on as executive chairman, overseeing the company’s creative endeavours through the end of […]

Facebook and Twitter decline Pelosi’s request to delete video of her tearing Trump’s speech

Social media giants Facebook and Twitter have declined US Speaker Nancy Pelosi’s request to delete a video of her tearing up her copy of Trump’s speech at the State of the Union Address on Tuesday.   READ ALSO:     Hire A Web Design Company In Lagos The speaker’s office demanded that Facebook remove the video […]

Nigerians to be barred from owning more than three SIM cards

  The Nigerian Communications Commission (NCC) has been directed to review SIM card registration and usage by the Federal Government, in a bid to bar Nigerians from owning more than three mobile telephone lines.   READ ALSO:     Hire A Web Design Company In Lagos It is expected that telecommunication companies will block unregistered SIMs from […]

Jeff Bezos adds $13 Billion to his fortune in just 15 minutes.

Amazon founder and world’s richest person, Jeff Bezos has raked in $13 Billion to his fortune in just 15 minutes, cementing his position as the world’s richest person further.   READ ALSO:     Hire A Web Design Company In Lagos After an Amazon news release for the fourth quarter revealed that sales went up 21 […]

AVIATION

Poor visibility due to harmattan grounds foreign and domestic flights in Nigeria

Domestic and foreign flights intending to fly in and out of different states in Nigeria have been either cancelled or delayed due to poor visibility brought on by the harmattan.   The harmattan haze crippled the Nigerian Aviation sector, grounding foreign airlines throughout this week. Due to the foggy weather which has been deemed unsafe for aircraft takeoff or […]

Fire razes parts of Owerri airport

A fire outbreak suspected to be as a result of bushfire, has been reported at the Sam Mbakwe International Cargo Airport, Owerri, Imo State.   READ ALSO:     Hire A Web Design Company In Lagos The cause of the fire is still unknown but the General Manager, Corporate Affairs, Federal Airports Authority of Nigeria, Mrs […]

MARITIME

‘Terminal decommissioning puts $400 million investment, jobs at risk’

Although the Nigerian Ports Authority (NPA), said it decommissioned the BUA Ports and Terminals Limited, operator of Terminal B, in Port Harcourt, Rivers State, for security reasons, BUA described the action as contradictory to the ease of doing business agenda while putting about $400 million worth investment at risk. With delays in kicking off its […]

Government urged to fix Calabar Port, facilitate trade in Eastern states

• Stakeholders seek dredging, rebate to attract more liners The Federal Government has been urged to ensure a conducive atmosphere to further attract shipping lines and ultimately boost trade activities in the Eastern region of the country. This is sequel to the successful berthing of MV Boreas at Ecomarine Terminal, Calabar Port, which had suffered […]

Nigeria intensifies strategies to protect marine environment

• IMO sues for implementation of BWM convention globally Nigeria has intensified efforts at protecting the marine environment in compliance with the Ballast Water Management Convention (BWMC) of the International Maritime Organisation (IMO).   As a result, the nation’s maritime watchdog, Nigerian Maritime Administration and Safety Agency (NIMASA), gathered five nations including Ghana, Liberia, Sierra […]

Ship owners task government on continental shipping trade

Ship owners, under the aegis of African Ship Owners Association (ASA), have called on the Federal Government to create conducive environment to encourage investment in ships to trade on the African Continental Free Trade Area (AfCFTA) agreement. The Secretary General, ASA, Funmi Folorunsho, disclosed this at the yearly conference of Women In Maritime Africa (WIMAfrica […]

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