The House of Representatives Committee on Public Petitions has opted for alternative dispute resolution on the dispute between the National Identity Management Commission (NIMC) and a private technology company, Truid Limited over payment for services. Chairman of the House of Representatives Committee on Public Petitions, Hon Mike Etaba said the matter has been stepped down…
Bi-Courtney Aviation Services Ltd., operator of the Murtala Muhammed Airport Terminal Two (MMA2), has expressed the hope that the new tax policy and stable forex market in Nigeria will facilitate trade and improve the businesses. The Head of Aeronautical and Cargo Services at Bi-Courtney, Mr Remi Jibodu, expressed the hope in an interview in Lagos….
The Lagos Chamber of Commerce & Industry (LCCI) has warned against the insatiable appetite of Nigeria for loans and it’s poor use of the facilities. Its Director-General, Dr Chinyere Almona in a statement raised concerns about the efficiency of fund allocation and utilization, given that only 16 per cent of previously approved World Bank loans…
Access Bank has provided a naira debt facility to partly fund the aircraft acquisition of Nigeria’s Lagos-based value airline – Green Africa Airways. The facility by the financial institution, the Green Africa Airways’ spokesperson / Brand Marketing Specialist, Omolora Kehinde, said is a significant step in the mission of the carrier to provide safe, affordable…
The Chief Executive Officer, Heirs Energies, Osayande Igiehon, has reiterated the firm’s commitment to continually contribute to the country’s oil production output. This commitment, he noted, ensured that within three months of acquiring OML 17 by the firm from its previous operator in 2021 doubled production from 25,000 barrels per day to over 50,000 barrels….
Standard Chartered Bank has expressed strong support for Nigeria’s far-reaching economic reforms, describing them as a catalyst for investment inflows and sustained growth. A statement from the Ministry of Finance said the endorsement came during a high-level meeting between a delegation from the bank and the Minister of Finance and Coordinating Minister of the Economy,…
The Minister of Steel Development, Prince Shuaibu Abubakar Audu, has said Nigeria imports about $4 billion worth of steel annually, stressing the need for import substitution to reduce pressure on foreign exchange (forex). Speaking during a visit to the National Steel Raw Materials Exploration Agency (NSRMEA) in Kaduna, Audu described the agency as a cornerstone…
Carrier neutral data centre operator, Rack Centre, has said its newly built 12megawatt (Mw) LGS2 Data Centre will boost data sovereignty, reduce operating cost for businesses and spur economic growth. Speaking with reporters during a media tour of the facility ahead its inauguration in Lagos, its Chief Sales Marketing Officer, Folu Aderibigbe, said the new…
An indigenous solar energy company, LPV Technologies, has called for a radical shift in government policy with a call for a zero-import approach to solar panels, arguing that only through local manufacturing can Nigeria truly secure its renewable energy future. Speaking at a press briefing at its newly inaugurated facility in Lagos at the weekend,…
