ENERGY Environment News & Reports

Shell Petroleum Opens Dialogue with Communities on Development Initiatives

Shell Petroleum Development Company, SPDC said it has begun discussions with 12 host communities in Bayelsa which demanded upward review of development obligations. SPDC’s Media Relations Manager, Bamidele Odugbesan said the company was engaging representatives of its EA oilfields on the issues raised. “We are engaging the leadership of the communities for a peaceful resolution …read more →

Infrastructure News & Reports Power

Infrastructure Vandalism: EEDC Wants Customers to Help Protect Installations

The Enugu Electricity Distribution PLC (EEDC) has expressed concern over the rising cases of vandalism within its network, appealing to customers to be more vigilant in ensuring that the installations serving them are not vandalised. The Head, Corporate Communications, EEDC, Mr. Emeka Ezeh, interacting with newsmen in Enugu, regretted the way and manner power facilities …read more →

Infrastructure News & Reports Roads

Sixteen Highways Undergoing Re-Construction and Junction Improvements – Sanwo-Olu

As traffic Improves Around Allen, Maryland, Ikotun In line with his administration’s traffic management agenda, Sanwo-Olu awarded contracts for the re-designing and construction of the identified traffic-prone spots across the State. Sixteen highways are currently undergoing re-construction and junction improvements. Three of the six junctions captured in the first phase of road improvement programme have …read more →

Economy News & Analysis WORLDReport

Covid-19 Management: Europe’s Economy May Recover Faster than US – JPMorgan, Goldman Sachs

America’s failure to get a grip on the pandemic is putting the brakes on its rebound compared with Europe, where many former virus hot spots managed to resume economic activity without causing a similar surge in infections. Crucial for a sustainable recovery is confidence that the virus is no longer out of control, and Europe’s …read more →

Education News & Reports Telecom

Ekiti to Introduce ICT in Primary Schools

The Ekiti State government has approved a new education policy that would guarantee the teaching of Information Communication and Technology (ICT) at the primary education level. This, the government said, is to boost ICT know-how among the citizens and expand the scope of knowledge for more opportunities in the global community. The State Executive Council …read more →

Banking and Finance News & Reports

Ecobank Assures Farmers of Seamless Processes as They Access Agric Loans

Ecobank Nigeria has assured farmers who are beneficiaries of the Anchor Borrowers programmes for the 2020 wet season and members of the Maize Growers, Processors and Marketers Association of Nigeria, MAGPAMAN, of a seamless account opening and loan processing. According to the bank, farmers need not panic as it is committed and will make sure …read more →

Banking and Finance News & Reports

Ecobank Offers Zero Fees on Rapidtransfer

Ecobank Nigeria is offering zero fees for money transfers on the Rapidtransfer App from now till October 31, in commemoration of the National Diaspora Day. The Federal Government has set aside July 25, of every year as the National Diaspora Day in recognition of the contributions of Nigerians living outside the country towards the development of their homeland. Rapidtransfer …read more →

Economy News & Reports

Ugwuanyi Signs Enugu’s Revised 2020 Budget of N146.4bn into Law

Governor Ifeanyi Ugwuanyi of Enugu State has signed the revised 2020 budget of N146,374,641,080.00 into law, as against the earlier approved budget of N169,557,658,300.00. The revised 2020 budget of N146.4 billion represents 13.67 percent reduction in the initial budget size of N169.6 billion, which amounts to N23,183,017,220.00. The revised budget, which was in response to …read more →

News & Reports Telecom

FG Inaugurates 6 Digital Projects Across the Nation

The Minister of Communications and Digital Economy, Dr Isa Pantami, has inaugurated six completed projects across the country under the digital economy sector. The inauguration, which was done virtually by Pantami on behalf of President Muhammadu Buhari were geared toward supporting developing a digital Nigeria. The Minister noted that the drive was in line with …read more →

Banking and Finance Economy News & Reports

Nigeria Sells N265.94 Billion Worth of Treasury Bills

Nigeria’s Debt Management Office (DMO) sold a total of N265.94 billion across all three tenors of Treasury bills on offer against N468.25 billion total subscriptions from investors. The nation on Wednesday surprisingly increased marginally the yield on its 1-year Treasury bond at an auction, but dropped rates it sold the 3-month and 6-month tenor paper. …read more →