36 States, FCT generate N691.11bn as revenue in first half 2019 — NBS

36 States, FCT generate N691.11bn as revenue in first half 2019 — NBS

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The National Bureau of Statistics (NBS), says in the first half of 2019, the 36 states and the Federal Capital Territory (FCT) generated N691.11 billion as Internally Generated Revenue (IGR). The NBS said this in its “IGR at State Level for Quarter…

Oil Tsunami as NNPC discovers crude oil, gas in Northern Nigeria

Oil Tsunami as NNPC discovers crude oil, gas in Northern Nigeria

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The Nigerian National Petroleum Corporation (NNPC) says it has discovered hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North Eastern part of the country. The corporation disclosed this in a statement signed by…

Poor turnout at Jos Trade Fair

Poor turnout at Jos Trade Fair

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Exhibitors at the ongoing Jos Trade Fair have decried the poor turnout of visitors at the arena, two days into the commencement of the activity. Some of the exhibitors told News Agency of Nigeria (NAN) on Friday in Jos that the fair…

Renault sacks CEO Bollore with immediate effect

Renault sacks CEO Bollore with immediate effect

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Sacked Renault, CEO, Thierry Bollore French car maker Renault on Friday sacked chief executive Thierry Bollore with immediate effect. A short statement on the company’s website gave no reason for the move and said Chief financial officer Clotilde Delbos is taking over…

Bauchi assures of reviving moribund industries

Bauchi assures of reviving moribund industries

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By Baba Shehu Oscu, Bauchi The Bauchi State Government has partnered Bauchi State Chamber of Commerce, Industry, Mines and Agriculture (BACCIMA) to revive moribund industries in the state, Governor Bala Mohammed has said. He stated this at the unveiling of the proposed Bauchi…

UAE establishes 300MW renewable energy power plant in Lagos

UAE establishes 300MW renewable energy power plant in Lagos

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Minister of Power, Engr. Mamman (left) with Ambassador Al Taffad A 300 megawatt power plant established by the United Arab Emirate, (UAE) is ready for take off in Lagos to supplement to the National Grid, UAE Ambassador to Nigeria Dr. Fahad Obaid…

Emefiele, Obiano unveil multi-billion naira Coscharis farms’ ultra-modern rice mill

Emefiele, Obiano unveil multi-billion naira Coscharis farms’ ultra-modern rice mill

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Governor Obiano of Anambra State By Sunny A. David Coscharis farms’ N12 billion ultra-modern rice processing mill has been commissioned in Anambra State. Among the dignitaries people that unveiled the rice processing mill were the Central Bank of Nigeria (CBN) Governor, Mr….

Bauchi accesses $44m from ADB

Bauchi accesses $44m from ADB

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By Baba Shehu Oscu, Bauchi Arrangements has been concluded between Bauchi State Government and African Development Bank to access a total of $44.63million of funding. This agreement was as a result of the meeting between Bauchi  State Commissioner of Budget and Planning,…

Nigeria re-elected into ICAO Council

Nigeria re-elected into ICAO Council

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Minister of Aviation, Senator Hadi Sirika Nigeria has been re-elected as a member of the International Civil Aviation organisation (ICAO) Council for another three year term. The News Agency of Nigeria (NAN) reports that the election was held on Saturday at the…

Re-opening of OML-25: SPDC, BelemaOil commend FG

Re-opening of OML-25: SPDC, BelemaOil commend FG

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The Shell Petroleum Development Company (SPDC) and the Belemaoil Producing Limited, have lauded the Federal Government for a peaceful resolution for operations to commence at OML-25. Mr Osagie Okunbor, Managing Director of SPDC Nigeria stated this at Belema, Akuku-Toru Local Government Area…