The Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr Simbi Wabote, has performed the groundbreaking ceremony of a N7 billion pipe manufacturing plant at Polaku, Bayelsa State. The plant would manufacture Glass Reinforced Epoxy and Glass Reinforced Plastic pipes with an estimated investment outlay of about N7b. Speaking at the event, the…
The United Bank for Africa on Wednesday said that it issued loans to individuals and entities customers the tune of N605bn in the 2022 financial year.. The bank disclosed this on Tuesday during its audited 2022 results conference call (Strategic review and outlook), which was addressed by the Group Managing Director/Chief Executive Officer, Oliver Alawuba….
Threatened by a N120 million Court judgment awarded to accident victims, three subsidiaries of BUA Group fight over ownership and auctioning of the six affected trucks in Kogi. While BUA Transport claimed all the six trucks belong to it, BUA Foods Plc claimed two of them belong to it, while BUA Cement Plc also claimed…
Roma manager, Jose Mourinho, has reportedly been offered more than £100million to coach Saudi Arabia in a two-year deal which would make him the highest paid manager ever, Daily Mail reports. The English news platform on Thursday also indicated that Cristiano Ronaldo’s club Al-Nassr are interested in Mourinho with current manager Rudi Garcia likely to…
The Federal Government has secured $800m from the World Bank as palliative for 50 million Nigerians ahead of petroleum subsidy remove in the second half, 2023 Speaking to State House Correspondents on Wednesday, after the Federal Executive Council,Minister of Finance, Budget and National Planning, Zainab Ahmed, the $800m fund forms for the first tranche of…
The Nigerian Export Promotion Council (NEPC), said that Nigeria exported a total of 214 products in 2022. The Executive Director of NEPC/CEO, Dr Ezra Yakusak said this at the Commerce and Industry Correspondents Association of Nigeria (CICAN) conference on Wednesday in Abuja. The conference has as its theme: “The Role of the Non-Oil Sector Toward…
The Oyo State government has asked for the intervention of the Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Command, in tackling illegal mining activities in the state. The Special Adviser to the Governor on Migration and Homeland Security, Barrister Rasheed Segun Adegoke made the appeal on Wednesday, April 5, 2023, when he paid a…
Nigeria recorded $1,060 billion capital importation in the fourth quarter 2022, the National Bureau of Statistics (NBS), reported on Wednesday. According to NBS, the Q4 figure was lower than the $2,187.63 million recorded in Q4 2021, indicating a decrease of 51.51 percent. “When compared to the preceding quarter, capital importation also fell by 8.53 percent…
The Federal Government has approved N320,345,040, 835 as intervention funds for public tertiary institutions in the country. The government said the intervention, approved by President Muhammadu Buhari, is for 2023. Executive Secretary of Tertiary Education Trust Fund (TETFund), Sonny Echono, disclosed this in Abuja on Wednesday during the agency’s annual strategic planning workshop with all heads…
The club and Lampard are in advanced talks
