Other Business
Ed Fast, Canadian minister of International Trade has said that rolling out of wide-ranging reforms across Nigeria’s economy is prompting investors to take a “fresh look” at the country.
The minister also identified security issues as key to driving up trade volumes of the Nigeria’s economy.
Fast while applauding Nigerian government’s privatisation and anti-corruption reform
World Customs Organization and GS1 are to introduce the new mobile version of IPM (Interface Public-Members), the WCO’s online tool serving as an interface between frontline Customs officers and the private sector.
The introduction is slated for be present upcoming 7th Global Congress on Combating Counterfeiting and Piracy, to be held in Istanbul, Turkey from April 24-26.
In an
Schneider Electric, the global specialist in energy management and leading energy solution provider has equipped IT managers in the Nigerian public sector with solutions that will enable them optimize their energy consumption in new and existing data centers.
At an event tagged IT Solutions Day that took place in Abuja, IT managers, Chief Information Officers and facility managers from
Bureau of Public Enterprises (BPE) is expected to generate over $2.6 billion for the federal government in the 2013 fiscal year through the sale of power assets.
Already, the potential core investors in 15 of the successor power companies carved out of the Power Holding Company of Nigeria (PHCN) had paid $559.45 million into the coffers of federal government by the deadline date of
Human Rights First (HRF) has claimed that the US Supreme Court gutted the Alien Tort Statute (ATS), a law that has been on the books for more than 200 years and for the last 30 years has been a critical avenue to hold serious human rights violators accountable in its yesterday’s decision in Kiobel v. Royal Dutch Petroleum
In a decision that will undermine the United States’ status as
IHS , African telecommunications infrastructure provider has appointed Rhys Phillip as CCO to support continued expansion across Africa and the Middle East.
Rhys, 43, joins Nigeria-headquartered IHS from Ernst & Young where he was Partner and Global Head of Transaction Advisory Services for the Telecommunications Sector.
In addition to advising tower businesses on many of the
Accugas Limited, a wholly-owned subsidiary of Seven Energy, recently closed on a $225 Medium Term Project Finance Facility for its Central Processing Facility (CPF) and second gas pipeline project in Akwa Ibom.
The proceeds of this landmark transaction will be used for construction of the CPF and gas pipeline to provide gas to Ibom Power, located n Akwa Ibom and NDPHC’s Calabar power
Federal government lacks transparency in the handling of crude oil earnings and this has led to the massive corruption where a few siphon the nations’ commonwealth, according to Dr. Babangida Aliyu, chairman, Northern Governors’ Forum (NGF) and Niger State governor.
Aliyu also berated the government at the centre for the negative twist in the economic fortunes of the country due to the
Highlighting the growing demand for distributed power solutions to meet Africa’s industrial energy demands, GE has announced it will supply three of its 4-megawatt (MW) Jenbacher J624 gas engines and one of its 2-MW J612 units to power a new factory that will produce billions of syringes and intravenous (IV) drug products that are needed each year to fight against malaria in Africa.
Inaccurate mapping can lead policymakers to underestimate land degradation, a conference has heard.
According to the conference, the lack of location-specific scientific data on the degradation of land, and the dearth of networks through which to share such data where it does exist, are hampering the fight against desertification.
The absence of such data means that the global
The Jobs website with the largest catalogue of Jobs in Nigeria, Jobberman, has launched its Android App.
The Android app which makes it easy for people to browse through; search and apply for jobs; update their Jobberman profile and do all they can without using a PC has already gained momentum in the number downloads it has.
The Jobberman Android App which was launched on the
The federal government, yesterday, said it has earmarked a total of N30 billion for the construction of the second Niger Bridge, 21 years after it was designed.
The current River Niger Bridge which was built in 1965 is at the brink of caving in and has become a nightmare to commuters mainly due to poor maintenance, overuse, frequent subjection to overbearing deadweight and
National Copyright Commission (NCC) has dragged Emmanuel Udeze, a businessman to the Federal High Court sitting in Enugu, Enugu state over alleged piracy.
Udeze is facing a two-count charge of unauthorised exhibition of DVD plates and being in possession of such products without the consent of the owner.
Mr Paul Anagonye, counsel to the plaintiff, said his client saw the accused
Computer Warehouse Group (CWG) in collaboration with IBM and Infosys successfully introduced IT transformation solutions for the financial services sector in East Africa.
This was at a business technology summit organized by CWG Uganda a member of the pan African Systems Integration Company, CWG.
The summit saw participants from all the major financial companies in Uganda and
Chidi Onyejekwe, a prosecution witness in the ongoing trial of an oil marketer, Rowaye Jubril and his company, Brila Energy Ltd over their alleged fraudulent activities in the fuel subsidy support scheme has told a Lagos High Court sitting in Ikeja that the oil marketer forged some documents to obtain the N963.7 million subsidy payments.
Onyejekwe, branch manager of Inspectorate Marine
Gemalto , the world leader in digital security, has been appointed as prime contractor and turnkey supplier to provide Ghana Immigration Services (GIS) with a highly secure electronic visa and border management solution.
This initiative is part of the eGhana project, an ambitious plan with backing from the World Bank to create a modern IT infrastructure that can support the country’s
Nigerian Ports Authority (NPA) has assured the Management of the Nigerian Liquefied Natural Gas (NLNG) of its continuous efforts to meet all the needs of the company to enhance effective and uninterrupted ship movements in the Bonny.
Engr. David Omonibek, executive director, Marine & Operations, NPA made the remark during a meeting as part of a one day working tour of the NLNG in
There will be power outage at the Chevron Gas Plant at Escravos, from Friday, April 5 to Sunday, April 7, says the Presidential Task Force on Power (PTFP).
In a statement issued on Wednesday and signed by Mrs Awele Okigbo, head Media and Communications of the task force, she said the outage would be experienced because the chevron Gas Plant would be shut down to facilitate the supply of
The Federal Government has called on the Japanese International Cooperation Agency (JICA) to assist in identifying capacity gaps in Nigeria's emerging electricity industry.
Mr. Godknows Igali, permanent secretary, federal ministry of Power, made the call in Abuja at a workshop on Capacity and Power Management for Senior Staff of the ministry.
Igali also sought the assistance of
Shell plans to temporarily shut a key oil pipeline in southern Nigeria later this month to repair damage caused by oil thieves, leading to a cut of around 150,000 barrels per day, the company said Tuesday.
The Nembe Creek Trunkline in Nigeria, will be closed for a nine-day period.
The pipeline has been repeatedly hit by sabotage and theft. Oil theft has been estimated as costing
Kaztec Engineering Ltd., a 100 percent indigenous leader in the fabrication of drilling and production platforms and other specialized structures for the oil and gas industry, has outlined plans for a fabrication yard at Snake Island Integrated Free Zone in Lagos.
Construction on the complex is underway with the first phase expected to be completed later in 2013.
Kaztec is a
Professor Ita Okon Bassey Ewa, minister of Science and Technology, has urged participants at the 12th National Council on Science and Technology in Ibadan Oyo Sate to use Science Technology and Innovation to transform Nigeria into one of the top 20 economies in year 2020.
He said that a nation that is unable to develop its STI system will sink further down, while those with strong STI
Dr. Segun Aganga, Nigeria’s minister of Trade and Investment; Alhaji Aliko Dangote, President of the Dangote Group; and Hekeem Bello-Osagie are amongst top Nigerians expected to speak at the Africa Global Business Forum holding in Dubai, United Arab Emirates.
The forum organised by Dubai Chamber of Commerce and Industry in cooperation with the COMESA Regional Investment Agency (RIA)
Federal High Court sitting in Abuja on Wednesday vacated the arrest warrant issued by the Senate against, Abdulrasheed Maina, sacked chairman of the Pension Reform Task Team, meaning that the Police has been restrained from arresting him.
Justice Adamu Bello , while delivering judgment on the suit filed by Maina, held that the arrest warrant issued by the Senate did not comply with
Nigerian Copyright Commission (NCC), has advised lawyers to upgrade their knowledge of copyright laws arguing that recent court decisions have betrayed the low level of copyright knowledge among the
Mr. Afam Ezekude, director-general of the Commission disclosed this in Abuja during a training the Institute organised on Copyright Law and Practice for lawyers and advised more lawyers to
Egypt’s plans to raise Suez Canal tolls in May appear to be less of an issue than current unrest in the country and escalating violence along the canal.
Growing concerns amongst policy makers and business leaders in Nigeria about escalation in Maritime crime and the impact on business.
The120-mile long Suez Canal, which for decades has been an important shortcut connecting the
Federal government has signed a memorandum of understanding with an American company to build six modular refineries with a combined capacity of 180,000 barrels a day.
Mr. Olusegun Aganga, Nigeria’s Trade and Investment Minister said the deal was in line with a U.S.-Nigerian joint venture comprising Vulcan Energy Corp. and Petroleum Refining and Strategic Reserve Limited.
The National Industrial Court on Monday ordered the Nigerian National Petroleum Pension Fund Limited to pay N500 million to the Nigerian National Petroleum Corporation, NNPC, pensioners who retired prior to 2004.
Justice Maureen Esowe gave the order, while delivering judgment in a case filed by one Moshe Amaechi and three others on behalf of the pre-2004 retirees of the NNPC.
The
The first set of trainees from the Job Opportunity Creation Center (JOCC) of the Lagos State Ministry of Special Duties have graduated.
The intensive training, which involved 12 youths was organized in conjunction with a United States-based Non-Governmental Organisation (NGO) known as Generation Enterprise (GEN), engaged the beneficiaries in various entrepreneurial ventures.
President Goodluck Jonathan yesterday presented national integrated power project (NIPP) share certificates to representatives of the 36 state governments and the Federal Capital Territory (FCT) in Abuja as part of on-going efforts aimed at achieving a sustainable public power to boost economic productivity.
The president said the presentation of the NIPP share certificates was in