Deep-sea Pipeline By Dangote To Boost Nigeria’s Power Generation By 12,000MW

An estimated 12,000 Mega Watts (MW) to Nigeria’s power generation capacity when Dangote Group’s sub-sea pipeline infrastructure comes fully live and operational. It is expected to augment the natural domestic gas supply. Dangote also has plans to construct a 570 MW power plant within refinery complex to supply its own…

Nigerian Inflation Drops to 11.61%, Making it 15th Consecutive Fall Since January 2017

After the bad state of the economy that led the nation into recession in 2016, Nigeria seems to be getting some things right about its economic plocies. The Consumer Price Index (CPI) which measures inflation released on Wednesday by the National Bureau of Statistics (NBS) increased by 11.61 percent (year-on-year)…

Nigeria Gets New National Carrier , To Take Off Dec 2018-NCAA

Since 2003 when the then Nigerian Airways went down finally under President Olusegun Obasanjo due to lack of good management from successive governments before him, Nigeria has been striving to get another national carrier just as other nations like Ethopia, Kenya, Britain, etc have theirs. National carriers are not only…

No N14B Supreme Court Judgement Against GTB-Innoson Motors Makes A U-Turn

Innoson has today admitted that there was no Supreme Court judgement against GTBank. This is coming more than a week after a false information was released by this organisation in a manner that shook the entire business world in Nigeria. Many people had already concluded in their minds, the possibility…

Nigeria, Morocco Sign Agreements On Regional Gas Pipeline, Chemical Plant, Agric Training-Garba Shehu

Nigeria, Morocco Sign Agreements On Regional Gas Pipeline, Chemical Plant, Agric Training The Federal Republic of Nigeria and the Kingdom of Morocco on Monday in Rabat, Morocco, signed three agreements, which includes a regional gas pipeline that will see Nigeria providing gas to countries in West Africa sub-region that extend…

Gtbank Debunks Rumours Of Court Order To Pay N12b To Innoson Boss

The attention of GTBank has been drawn to false, mischievous and malicious statements circulating in the news and social media in respect of a purported directive by the Supreme Court of Nigeria to the Bank to make payments to one of its debtor Customers. The Bank's Customers and the General…

Pay Innoson Boss, Innocent Chukwuma, N12 Billion Within 14 Days- Supreme Court Orders GTB

The legal battle between GTB and the Chairman of Innoson Motors, Mr Innocent Chukwuma has taken a new turn today with the ruling of the apex court in Nigeria. The Supreme Court of Nigeria has ordered the management of Guaranty Trust Bank to pay Innocent Chukwuma, chairman of Innoson Group…

How We Are Creating Opportunities For Young People – Vice President Osinbajo

Office Of The Vice President Press Release How We Are Creating Opportunities For Young People - VP Osinbajo *Adds: Nigeria’s future is in innovation & technology *FG ready to support innovation hubs nationwide “I want to say that l am totally convinced, and so l believe, that the way forward…

How China took 700 million people out of poverty – Femi Adesina writes

According to Adesina who is in China now, 'in the 1950s-1970s, China was just like Nigeria. Its situation was just like the ashes from which President Muhammadu Buhari is trying to take the country from today. No electricity, the best form of transportation on the waters were rafts, take-home pay…

After 40 Years; Ajaokuta Steel Factory Gears Up to Start Production

Nigeria’s Ajaokuta complex was built with Soviet aid. Now the government says it’s finally serious about opening it. The dilapidated Ajaokuta Steel complex. Photographer: David Malingha Doya/Bloomberg On a hot April morning, workers are furiously cleaning a decorative fountain in front of the executive office of Nigeria’s largest steel complex.…