Nigeria’s University generates N5m from waste recycling
Businessam Staff
July 10, 2017
Nigeria’s higher instutution of learning, University of Lagos (UNILAG) through its recycling initiative realised about N5 million from waste generated by the university community, Sade Nubi, Senior Environmental Engineer told News Agency of Nigeria (NAN) in Cape Coast, Ghana at the ongoing Africa Cleanup conference. She said that the university generates about 32.2 tons of wastes monthly […]
800 delegates expected as 2017 National Insurance Conference begins Monday
Businessam StaffJuly 10, 2017
No fewer than 800 delegates will participate in the 2017 National Insurance Conference (NIC) which begins on Monday in Abuja. Shola Tinubu, the Chairman, Planning Committee of the conference made this known in an interview with the News Agency of Nigeria (NAN) in Lagos Sunday. The conference, themed “Nigeria Open for Business,’’ will be declared […]
Nigeria seen posting modest 0.8% growth in 2017
Steve OmanufemeJuly 10, 2017
The Economist Intelligence Unit (EIU), a member of The Economist Group, is projecting a modest growth of 0.8 percent for Nigeria for full year 2017. In a July Nigeria country report just released by the EIU and seen by Businessamlive, the domestic economy is projected to post a weak economic recovery from the current recession […]
Fashola gets NUPENG affiliate’s backing in budget face-off with NASS
Businessam StaffJuly 9, 2017
An affiliate group of Nigeria’s strong petroleum and gas workers union, NUPENG, has provided what is one of the strongest support yet for powerful power, works and housing minister, Babatunde Fashola, in the ongoing face-off between him and the country’s lawmakers at the National Assembly over distortions in the ministry’s 2017 budget, recently passed by […]
Nigeria Delta communities demand stake in ex-Shell oil block
Businessam StaffJuly 8, 2017
A group of communities in Nigeria’s Niger River delta demanded a stake in an oil block it said it was promised when Royal Dutch Shell Plc sold its share to a local company six years ago. The communities in the Gbaramatu district, near the southern oil town of Warri, want 5 percent of a lease […]
Customs to commence next batch of E-auction bidding Monday
Businessam StaffJuly 7, 2017
The Nigeria Customs Service (NCS) will commence the next batch of another 48 hours of bidding on July 10 as the e-auction committee reloads the portal with more items, NAN reports. Joseph Attah, NSC Public Relations Officer, according to NAN said the announcement of the 43 winners that emerged after the 48 hours of bidding […]
Poor funding, low tariff bane of irregularities in power sector — IBEDC
Businessam StaffJuly 6, 2017
Dele Ayodele, the Deputy Managing Director, Ibadan Electricity Distribution Company (IBEDC) on Thursday identified poor funding and low tariff charged by Distribution Companies (DISCOs) as the bane of irregularities in the power sector. According to NAN’s report, Ayodele in Lagos said that due to the lack of a cost-reflective tariff in the sector, funding has […]
Nigeria borrowed $11.44 billion to run the government in 18 months
Businessam StaffJuly 6, 2017
*This information shows Nigeria stockpiled about 58.8% of total debts between 2015 and 2017. The financial condition of Africa’s largest economy is not getting better anytime soon, as Nigerian Government had to borrow about $11.44 billion (N3.5 trillion) to run its government since 2015. According to BusinessInsider’s report, the information was disclosed by the Debt […]
Three ships arrive Lagos ports with petrol, other commodity
Businessam StaffJuly 4, 2017
Three ships laden with various products, including petrol are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position”, a copy of which was made available to the NAN in Lagos that two of the vessels had petrol consignment. It said that […]
Abuja Disco to procure $3.7m prepaid meters
Businessam StaffJuly 4, 2017
The Abuja Electricity Distribution Company (AEDC) is set to procure additional 30,000 prepaid meters worth $3.7 million to intensify mass metering of customers in its franchise locations, NAN reports. The locations are Kogi, Niger, Nasarawa and the Federal Capital Territory. The Managing Director of AEDC, Mr Ernest Mupwaya said this on Tuesday in Abuja, while […]