Stanbic IBTC Infrastructure Fund is delighted to announce its investment in the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal, the largest storage gas facility in Nigeria. The funding was provided to AP LPG Limited (a subsidiary of Ardova Plc) under a N12 billion senior debt facility agreement for a…
Governor Nyesom Ezenwo Wike has said the historic legal battle between Rivers State government and Federal Inland Revenue Service (FIRS) with respect to Value Added Tax (VAT), will demonstrate whether the country respects the rule of law or not. The governor said the decision of the State government to seek judicial interpretation on VAT collection,…
President of the Senate, Ahmad Lawan, has given the Committee on Appropriations till Wednesday this week to conclude budget defense by subcommittees of the upper chamber. Lawan explained that the ultimatum became necessary in keeping with the December 14 timetable for the passage of the 2022 budget by the National Assembly. He added that working…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has docked the Chairman of Gwagwalada Area Council, Hon. Adamu Mustapha Danze, for allegedly receiving N10 million kickback from a contractor handling construction projects in the area council. Hon. Danze was arraigned by the Commission before Justice U. P. Kekemeke of the Federal Capital Territory…
Heritage Bank Plc, Nigeria most innovative service provider has been adjudged Banker of the Year 2021 under SMEs and Agric category, which was awarded to the MD/CEO of the Bank, Ifie Sekibo. The bank won the prestigious award at the New Telegraph 2021 Awards in recognition of its leadership position in delivering sterling development and…
No fewer than 135 private health facilities have been enrolled into the Lagos State Government’s mass vaccination strategy programme targeted at vaccinating four million residents by December 2021. This brings to 360, the number of public and private vaccination sites in Lagos. The State Commissioner for Health, Prof. Akin Abayomi, disclosed this at a news…
The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, November 22, 2021 re-arraigned the duo of Ope Saraki, a cousin to former Senate President, Dr. Bukola Saraki, and a former Commissioner for Information in Kwara State, Olatunji Oyeyemi Moronfoye, on charges bordering on abuse of office, diversion of public funds…
Technology solution provider, Huawei has stated that Nigeria can leverage its Big Data products to improve oil revenue as part of its digital transformation technology solutions available for the oil and gas sector. Until 2020, the Nigerian National Petroleum Corporation (NNPC) had been operating for 44 years at a loss which experts say, is occasioned…
The Governor of Osun state, Adegboyega Oyetola has released the sum of Seven Hundred and Eight Million Naira (708,000,000.00) to pay pensions of retirees in the State. The Head of Service in the State, Dr. Festus Olowogboyega Oyebade disclosed this in a statement issued on Monday. Oyebade restated the Governor Oyetola-led administration’s commitment to the…
African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure smooth flow of goods and services, with a corresponding impact on economic growth and development across the continent. The call was made by the Group Chief Commercial Officer of Dangote Industries Limited, Mr Rabiu Umar, during an…