Nigeria Liquefied Natural Gas Limited (NLNG), Unilever Plc, Dangote Group and three other companies have keyed into the Federal Government’s drive to build infrastructure across Nigeria. The companies, which also include Unilever Nigeria Plc, Flour Mills of Nigeria Plc, and China Road and Bridge Corporation Nigeria Limited, will build 19 roads; a total of 794.4 …read more →
Month: February 2019
First Bank, Azuri partner to bring solar systems to millions
First Bank of Nigeria Limited and Azuri Technologies, a leader in pay-as-you-go solar technology, has announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions of Nigerians. Under the partnership, Azuri’s solar home TV product will be co-branded and co-marketed by First Bank and …read more →
Lagos sets infrastructure as priority: to spend N462.757 billion on projects
Governor Akinwunmi Ambode of Lagos State, has presented the 2019 Appropriation Bill of N852.317 billion with over 54% set aside for capital expenditure. Laying the budget before the lawmakers, the governor stated that Capital Expenditure was N462.757 billion or 54 % of total budget. Explaining reasons for the concentration on capital project, the governor stressed …read more →
Total’s Egina starts production with TechnipFMC’s subsea systems
Total’s Egina field, located 93 mi (150 km) off Port Harcourt, kicked into production just as 2018 was winding to a close. The start-up of any offshore field is notable, but Egina’s is especially so: The field is estimated to contain reserves of 550 MMbbl. Lying in water depths ranging from 4,593 to 5,740 ft …read more →
Willing-Buyer, Willing-Seller Arrangement Will Solve Nigeria’s Power Challenges – Osinbajo
The Federal Government has declared that the willing-buyer- willing-seller policy is one of the surest steps to addressing Nigeria’s power challenges. Vice President, Prof. Yemi Osinbajo, noting that power remains very critical to national development, said if the generation companies do not have the resources to produce electricity; other companies can take up the responsibility …read more →
Proposed Port of Ondo will boost commerce when completed – Akeredolu
Governor Oluwarotimi Akeredolu of Ondo says the proposed port in Ondo will boost commerce and change the landscape of the state. Akeredolu made the observation in Akure on Thursday during the submission of the feasibility report on the Port of Ondo Deep Sea. He said that the Port of Ondo would be the only viable …read more →
President Buhari inaugurates CBN Centre of Excellence in UNN
President Muhammadu Buhari on Thursday in Enugu inaugurated an academic Centre of Excellence built by the Central Bank of Nigeria (CBN) at the University of Nigeria, Enugu Campus. The President said that the inauguration of the project became necessary following the desire of his administration to reverse the trend of dearth of infrastructure in Nigerian …read more →
