Junior Achievement Nigeria, JAN, says it has so far trained 690,000 entrepreneurs. It says it is commitment to train additional 331,000 to bring the number to 1million by 2020. About 50 participating students are expected to be trained in the next edition of the camp. The Senior Programme Manager for JAN, Abiodun Adegbola said in […]
Month: July 2017
AMCON takes over Gateway Portland Cement
The Asset Management Corporation of Nigeria (AMCON) has taken possession of Gateway Portland Cement Ltd., factories over debt of nearly three billion naira. The corporation in a statement issued in Lagos on Friday, said that the possession followed an injunction against Gateway Portland Cement granted by the Federal High Court Abeokuta Division, Ogun State. The […]
EFCC takes corruption fight to petroleum depots
The Economic and Financial Crimes Commission (EFCC) on Friday said it had a strategy in place to check fraudulent activities in the country’s petroleum product depots. Its Acting Chairman, Mr Ibrahim Magu, disclosed this when the Managing Director of the Nigerian Products Marketing Company (NPMC), Umar Adiya, paid him a courtesy visit in Abuja. A […]
NDDC cancels 600 contracts
The Niger Delta Development Commission (NDDC) says it has revoked more than 600 contracts and projects as part of efforts to restructure the commission. NDDC Managing Director Nsima Ekere told newsmen in Port Harcourt on Thursday that the commission’s management and board took the decision to adopt a ‘4R’ initiative as roadmap to development. According […]
Microsoft profit beats expectations on strong cloud demand
Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove. The results were the clearest sign yet that the strategy put in place by Chief Executive Satya Nadella when he assumed the top job in 2014 is paying […]
Diesel price crashes by 42 per cent
The Nigerian National petroleum Corporation (NNPC) said that diesel price nationwide crashed by 42 per cent due to strategic intervention by the Corporation to sustain supply of the product. The Corporation in its May report released in Abuja, on Thursday said the move helped to stop unpleasant experience witnessed in the first quarter of 2017. […]
Reps decry rising electricity tariff
The House of Representatives has decried the rising electricity tariff which it described as unjustifiable considering the commitment of N213 billion to the operators. It said on Thursday that the government had injected huge amount into the wobbling power sector to boost supply to Nigerians. Besides, the House said the increment was not in tandem […]
Why we can’t meet CAC protesting staff demands – Registrar
The Registrar General of the Corporate Affairs Commission (CAC), Bello Mahmud, has said that he will not pay the striking staff of the commission benefits yet to be approved by his ministry. Addressing journalists in Abuja on the industrial action embarked on by staff of the commission since Monday, Mahmud said he was awaiting ministerial […]
Electricity: Grid loses 689mw after hitting 4,345mw
The electricity grid continued its fluctuation as it dropped to 3,656 megawatts (mw) yesterday after it attained 4,345mw on Wednesday, a report has shown. The daily industry statistics on electricity generation and transmission from the Transmission Company of Nigeria (TCN) shows that a difference of 689mw was lost to the drop in generation. Although the […]
NNPC records N14.32bn revenue drop
The Nigerian National Petroleum Corporation (NNPC) has recorded a revenue drop of N14.32 billion in its group operating revenue for the month of May 2017, representing a 4.4 per cent decrease against its April revenue. This is even as the corporation said it recorded only 55 incidents of pipeline vandalism in May 2017 as against […]