Sylva endorses Indorama’s $3bn plants as decent example of how to use Nigeria’s gas
BEN EGUZOZIEOctober 9, 2020
Ben Eguzozie, in Port Harcourt Group’s petrochemicals, fertilizer plants in Eleme, Rivers State, are heavy gas users Group plans investment increase to $6.4bn by 2025 Indorama group’s $3 billion petrochemicals and fertilizer plants in Eleme, Port Harcourt, Rivers State are good examples of how to utilize Nigeria’s abundant gas resources, says Timipre Sylva, the minister […]
N5bn UNN fundraiser targets infrastructure as Peter Obi, businessman former governor, spearheads drive
Onome AmugeOctober 9, 2020
Onome Amuge A N5 billion fundraiser by Nigeria’s premier indigenous university, University of Nigeria, with two major campuses at Nsukka and Enugu in Enugu State, south eastern Nigeria, is targeting tackling the state of infrastructure at the university. The development fund raising campaign is been spearheaded by Peter Obi, a businessman and the immediate past […]
CBN warns public against fraudulent loan offers, investment schemes
Charles AbuedeOctober 9, 2020
Charles Abuede The Central Bank of Nigeria (CBN) has warned the Nigeran public against fraudulent loan offers and investment schemes pushed out in form of fraudulent messages and videos circulating in the social media circles appealing to unsuspecting loan seekers and small-scale businesses owners to apply for loans or investment schemes and purportedly facilitated by […]
Nigeria President Buhari presents N13.08trn national budget for 2021
Charles AbuedeOctober 8, 2020
Charles Abuede Nigeria President Buhari presents N13.08trn national budget for 2021 Capital expenditure aggregated at N3.85trn While non-debt recurrent expenditure stands at N5.65 trn Nigeria’s President Muhammadu Buhari, on Thursday, appeared before the joint session of the National Assembly for the presentation of the proposed 2021 national budget of N13.08 trillion. The proposed budget, which […]
Berger Paints appoints Phoebe Obi new CFO
Charles AbuedeOctober 8, 2020
Charles Abuede Berger Paints Nigeria (BPN) Plc, a leading paint manufacturer in the country, has reinforced its operating effectiveness and value creation with the appointment of Pheobe Onyinye Obi as the company’s new chief financial officer (CFO). The appointment is in furtherance of the company’s strategic plan to position its operations for increased efficiency and […]
Amaechi ‘replies’ Wike on ‘white elephant projects’ saga
BEN EGUZOZIEOctober 8, 2020
Ben Eguzozie, in Port Harcourt Nigeria’s transport minister’s proxy defends himself over ‘dud’ projects accusation Lists 13 projects worth billions of naira he attracted to Niger Delta Says he’s architect of N78.9bn FG refund to Rivers, others Rotimi Amaechi, Nigeria’s minister of transportation and former governor of Rivers State, has chosen to reply the incumbent […]
Covid-19, negative Q2 earnings force Wells Fargo, major banks to cut jobs in US
Charles AbuedeOctober 7, 2020
Charles Abuede Wells Fargo, the largest employer in the US banking industry, is laying off 700 positions from the bank as it gets set to refocus on its consumer-banking strength, such as mortgages, amidst low-interest rates and growing real estate market. This is coming roughly one week after the financial institution and a handful of other […]
Nigeria’s sub-national states see internal revenue fall 11.7% to N612.87bn in H1’20 on low tax remittance
Aderemi OjekunleOctober 7, 2020
Charles Abuede Nigeria’s 36 sub-national states and its federal capital territory (FCT) saw their total internally generated revenue (IGR) fall by 11.7 percent to N612.87 billion in the first six months of 2020 compared to N693.91billion recorded in 2019, recently published data by the National Bureau of Statistics on IGR at state level, has […]
Organisations, businesses battle ransomware attacks, says new report
Saviour AdugbaOctober 7, 2020
Saviour Adugba As the world continues to adapt to the “new reality” of taking more and more business processes online, organisations across the world continue to grapple with ransomware attacks according to a new paper by Sophos Security, a Cybersecurity giant. In a new survey by the company that covered 26 countries across the world, […]
Anambra moves for interstate travel insurance
Businessam StaffOctober 7, 2020
Anambra State has instituted an insurance scheme to cover passengers who travel from the state to other states of the federation with a view to ensuring that they are covered against unforeseen road accidents that might happen to them. Afam Mbanefo, the commissioner for transport, said recently in Awka, the state capital, that the launch […]