Vice President Yemi Osinbajo, and the Executive Secretary of the Nigerian Content Development and Monitoring Board, Mr Simbi Wabote, have extended efforts to woo investors to the nation’s oil and gas industry. The NCDMB said in a statement that Osinbajo, Wabote and other top Federal Government officials were at the Silicon Valley, California, United States […]
Manufacturer Sony has been a World Cup winner, with sales of televisions soaring as football fans ditched their old sets for new models.The company said sales at Sony Europe, which files accounts in Britain, increased by 10 per cent to £3.5 billion, bouncing back from a slide the previous year.The figures, for the year to […]
Even though the next-generation GT-R sounds like it’s still a ways away, one Nissan exec is already talking up the R36’s supposed capabilities. Speaking to Autocar at the Goodwood Festival of Speed, Nissan’s Senior Vice President of Global Design, Alfonso Albaisa, says the company’s upcoming Godzilla replacement will be nothing short of a game-changer, going […]
* Royal Dutch Shell confirms it lifted force majeure on Nigerian Bonny Light crude oil exports on Friday * The company says it “lifted the force majeure on Bonny Light exports following the repair and reopening of the Nembe Creek Trunkline by the operator, Aiteo Eastern E&P Company Limited.” * Shell’s local subsidiary SPDC declared […]
Africa’s direct interest in the World Cup ended disappointingly early in the first round in Russia but with France having 14 players with roots on the continent there is little doubt which side Africans will be backing in Sunday’s World Cup final. France’s progress to the deciding game in Moscow against Croatia has kept alive […]
Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. Cairo-based Africa’s trade bank also signed a $750 million facility […]
Italy is increasingly taking a tough stand against migrants. Italy’s Interior Minister Matteo Salvini has accused some migrants of hijacking the ship that rescued them off the Libyan coast. It is alleged that in order to avoid being returned to Libya, at least two passengers forced the ship to turn away from the inbound Libyan […]
The African Development Bank (AfDB) has, through its Technology for African Agricultural Transformation (TAAT) initiative, provided 40 million dollars as seed money for projects in 27 countries. Dr Adeniyi Adediran, the TAAT Coordinator for Nigeria Livestock Compact, disclosed this at a meeting organised by the International Livestock Research Institute (ILRI) in Ibadan. “The 40 million […]
The Federal Government has extended the nomination of Micro, Small and Medium Enterprises (MSMEs) for the forthcoming awards for outstanding small businesses in Nigeria till July 20. The awards which is being organized by the National MSMEs Clinic, is a brain child of the present administration, domiciled in the Office of the Vice President. The […]