President of Dangote Industries Limited, Aliko Dangote, has disclosed his plan to build a multi-billion-dollar seaport, which will be the largest in Nigeria in Ogun State. He also said two new lines with a capacity of 6.0 million metric tons per annum for the cement plant is being constructed at Itori Addressing the Ogun State…
Nigeria, Africa’s largest oil producer, has set a long-term ambitious target of achieving a seven per cent yearly Gross Domestic Product (GDP) growth rate to reduce poverty and sustain national development. For this year, the economy is projected to grow by 4.6 per cent, setting the foundation for this ambitious goal. Minister of Finance and…
The Economic and Financial Crimes Commission (EFCC), Nigeria’s economic crimes commission said it recovered nearly $500 million in proceeds of crime last year and secured more than 4,000 criminal convictions, its highest since the agency’s inception more than two decades ago. Africa’s biggest energy producer, Nigeria has struggled for decades with endemic corruption, which many…
The Housing Development Advocacy Network (HDAN) has called on President Bola Tinubu and the National Assembly to incorporate tax relief measures for developers of social housing and building materials in the proposed Nigeria Tax Bill 2024. A statement endorsed by its Executive Director, Festus Adebayo, emphasized that excessive taxation could hinder the delivery of affordable…
Managing Director, Rural Electrification Agency (REA), Engr. Abba Aliyu has said the Federal Government has approved the establishment of N500 million Renewable Asset Management Company targeted at raising N1 trillion for intervention in the industry in the absence of loans and grants. He spoke during the signing of a Memorandum of Understanding (MoU) with 10…
Nigeria’s power sector, electronic commerce and real estate have emerged lowest in customer service index released by the Nigeria Customer Service Index (NCSI) yesterday in Lagos. Entitled: State of Customer Service in Nigeria Report for 2024, the report showed that the e-commerce sector with big players such as Konga, Jumia took a hit declining from…
Schneider Electric has reaffirmed its position as an employer of choice, showcasing its commitment to promoting gender equality and accelerating employee growth from entry-level to leadership. The energy company which spoke to commemorate this year’s International Women’s Day (IWD) with Accelerate Action as theme, emphasizes the urgency of addressing systemic gender biases and taking swift…
Nigeria’s leading technology-enabled distributor of quality health and beauty products, Konga Health, is set to engage students across tertiary institutions in a series of skincare consultations, product sampling, and expert-led tutorials to promote skincare education and wellness. This initiative, which kicks off this month, is designed to empower young adults with the knowledge and tools…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged oil companies operating in Nigeria to prioritise the development of their host communities. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, made the call at the official presentation of a Policy Brief on three per cent Operating Expenses (OPEX) for Host Communities on Thursday in Abuja. The…
