Aiteo’s Peters is Forbes Oil & Gas Leader of the Year

International business leader and founder of Aiteo Group, Benedict Peters, has emerged ‘Africa’s Oil and Gas Leader of the Year’ at Forbes’ Best of Africa Gala held at Forbes Headquarters, New York, United States. Benedict. The award acknowledged Peters’ significant contribution to oil and gas development in Africa by visionary leadership, distinguished service and transformational […]


Money launderers turn EU banks into playground

European Union nations may boast the world’s most stringent anti-money laundering rules, but recent scandals show that money launderers are good at exploiting the bloc’s Achilles’ heel: A patent lack of coordination. “There are problems relating to coordination at various levels: at the national level, between prudential and anti-money laundering institutions, and between states and […]


NLC, TUC suspend nationwide strike

The Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the United Labour Congress (ULC), have called of their warning strike for a new minimum wage. The strike was embarked upon on Sept. 26. The News Agency of Nigeria (NAN) reports that the organised labour had embarked on the strike after a 14-day ultimatum to […]


Nigeria Doubles Down On Mini-Grids

The development potential of Nigerian mini-grids – generation and distribution systems capable of supplying up to 1 MW of capacity from renewable sources, independent of national transmission networks – is valued at up to $20bn, according to a report issued in late August by private sector think tank Nigerian Economic Summit Group and the U.S.-based […]


Nigeria Govt attracts $10.5bn PPP investment

The Nigeria Governors’ Forum (NGF) has disclosed that the country has attracted $10.5 billion worth of Public-Private-Partnership investments into the country since 2000, going by available World Bank records. This was as the body signed a Memorandum of Understanding with the Acting Director General of the Infrastructure Concession Regulatory Commission (ICRC), Chidi Izuwa to boost […]