Category : Entrepreneurship

Business / Entrepreneurship - 1 year ago

Over 1,000 firms bid for 2017 railway projects

Over 1000 companies expressed interest in 17 categories of projects for the 2017 capital projects of the Nigerian Railway Corporation (NRC). The Managing Director of the NRC, Engr. Fidet Okhiria disclosed this on Tuesday while declaring open the process for the opening of bids for the projects. The formal opening of bids held at the […] Over 1,000 firms bid for 2017 railway projects

Business / Entrepreneurship - 1 year ago

NAICOM moves to enforce compulsory insurance of public buildings

To drive the enforcement of the compulsory insurance of public buildings across the country, The National Insurance Commission (NAICOM) in Abuja has inaugurated a technical committee. The committee was inaugurated by NAICOM’s Commissioner for Insurance, Mr Mohammed Kari, and it has membership drawn from NAICOM, the Federal Fire Service (FFS) from all the zones and […] NAICOM moves to enforce compulsory insurance of public buildings

Business / Entrepreneurship - 1 year ago

Reps ask NPA to reverse termination of agreement with Intels

The House of Representatives yesterday waded into the ongoing controversy between the Nigeria Ports Authority (NPA) and Intels Nigeria Limited. The House, while adopting a motion by Rep Diri Douye (PDP, Bayelsa), resolved to constitute an ad hoc panel to probe the circumstances that led to NPA’s decision to terminate an existing contract between it […] Reps ask NPA to reverse termination of agreement with Intels

Business / Entrepreneurship - 1 year ago

SEC suspends Oando shares from stock market

The Securities and Exchange Commission has ordered the Nigerian Stock Exchange to suspend trading on the shares of Oando Plc. The commission said in a circular yesterday it had carried out a comprehensive review of the petitions by Alhaji Dahiru Barau Mangal and Ansbury Incorporated and made the following findings amongst others; Breach of the […] SEC suspends Oando shares from stock market

Business / Entrepreneurship - 1 year ago

Fossil fuel demand to by 25% by 2040 – OPEC

Fossil fuel demand will reduce by nearly 25 percent in the next two decades, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo has said. Speaking at the SPE Kuwait Oil & Gas Show and Conference in Kuwait City, yesterday, Barkindo however said fossil fuels will remain a dominant in […] Fossil fuel demand to by 25% by 2040 – OPEC

Business / Entrepreneurship - 1 year ago

Abuja DisCo meters 88,000 customers, targets 120,000 by December

The Managing Director of Abuja Electricity Distribution Company (AEDC), Ernest Mupwaya said his company has installed 88,000 meters and would install 120,000 units by December 2017 to tackle complaints on estimated billing. upwaya said this at the opening of a two day workshop on energy theft for judges within the Federal Capital Territory (FCT). He […] Abuja DisCo meters 88,000 customers, targets 120,000 by December

Business / Entrepreneurship - 1 year ago

NERC delays electricity tariff review for fourth time

The implementation of the Multi-Year Tariff Order (MYTO) framework for electricity pricing has again been delayed for the fourth minor review which occurs every six months. Daily Trust reports that the tariff which should now be at an average of N51 per kilowatt hour (kWh) is still at N31.8 as the implementation of the reviews […] NERC delays electricity tariff review for fourth time

Business / Entrepreneurship - 1 year ago

FG targets $150bn from non-oil export in 10years

The Federal Government is targeting $150 billion extra earning from non-oil exports as part of the country’s Zero Oil Plan (ZOP). At the inaugural meeting of the National Economic Council (NEC) Committee on Export Promotion held in Abuja recently, the Executive Director of Nigeria Export Promotion Council (NEPC), Olusegun Awolowo, said the target can be […] FG targets $150bn from non-oil export in 10years

Business / Entrepreneurship - 1 year ago

Nigeria can’t achieve much without stable energy – IMF

Without energy, it’s difficult for Nigeria to achieve higher productivity in many sectors of the economy, Mr. Abebe Aemro Selassie, the Director of the International Monetary Fund (IMF’s ) African Department has said. Briefing newsmen over the weekend at the IMF/ World Bank Annual Meetings in Washington DC, Selassie said even the growth recorded in […] Nigeria can’t achieve much without stable energy – IMF

Business / Entrepreneurship - 1 year ago

NNPC lures investors to establish refinery in Akwa Ibom

The Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC) Dr. Maikanti Kacalla Baru, has said that he has engaged investors to establish a refinery in Akwa Ibom State. The NNPC GMD, who said this during a two-day Triennial Retreat/Synergy workshop of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in […] NNPC lures investors to establish refinery in Akwa Ibom

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