Sports

2019 African Games begins in Morocco

What is generally regarded as Africa’s version of the Olympic Games is officially underway in Rabat, Morocco. The Opening Ceremony of the 12th African Games was held Monday night at the Prince Moulay Abdellah stadium. As expected, at the colourful ceremony, all the participating countries had a march past to showcase their contingent as well […]

Business

World Bank blacklists CCECC, five other Chinese firms in Nigeria for fraud

Some Chinese companies in Nigeria have been blacklisted by the World Bank for fraud and corruption. The companies include China Railway Construction (International) Nigeria Company Limited, China Railway 18th Bureau Nigeria Engineering Company Limited, CCECC Nigeria Lekki (FTA) Company Limited, CCECC Nigeria Railway Company Limited, CRCC Petroleum & Gas Company Limited, and CCECC Nigeria Company […]

Business

Ikeja Electric, Magodo Residents Sign Power Supply Agreement

By Foster Obi Nigeria’s leading Electricity Distribution Company, Ikeja Electric (IE) has signed an agreement with Magodo Resident Association to invest in electricity infrastructure in the Estate as well as provide reliable and quality electricity supply to the residents. The contract, which is in line with the company’s Premium Power Purchase Agreement, was signed at […]

Business

Non-oil imports surpass exports by 463%

The first quarter trade statistics have shown that Nigeria’s non-oil imports by sea surpassed exports by over 463 per cent. This is despite government’s efforts in the last four years to diversify the economy from oil (Nigeria’s major revenue source) to non-oil revenue sources. Also, Nigeria’s total merchandise trade by sea declined by N411.4bn in […]