Succour is coming the way of motorists and residents of Ogun State as the Prince Dapo Abiodun-led administration has embarked on massive rehabilitation and reconstruction of many roads across the state. The rehabilitation, according to the Commissioner for Works, Engr Ade Akinsanya, would be prioritised, based on funds availability and …
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A Federal High Court, Abuja, on Wednesday, ordered the closure of two companies linked to the alleged 9.6 billion dollars Process and Industrial Development (P&ID) Ltd scandal. The News Agency of Nigeria (NAN) reports that the two companies are Trinity Biotech Nigeria Limited and Resorts Express Concept Nigeria Ltd linked …
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THE Federal Government, on Wednesday partnered with Montserrado Investments Ltd. and the Federal Institute of Industrial Research (FIRRO) Oshodi on investment in bioethanol production in Ekiti Chief Uche Nnaji, Minister of Innovation, Science and Technology, signed a Memorandum of Understanding (MoU) with Montserrado Investments Ltd. and FIRRO in Abuja. Nnaji …
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Shareholders of the African Export-Import Bank (Afreximbank) have approved an increase in the authorised share capital from five billion dollars to 25 billion dollars. A statement issued by Vincent’s Musumba, Afreximbank’s Manager, Communications and Events on Wednesday, said the increase recognised the rapid growth of the bank in response to …
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UKRAINE has received more than 2 billion euros (2.2 billion dollars) in funding from the International Monetary Fund (IMF), Prime Minister, Denys Shmyhal said on Wednesday on the messaging platform Telegram. The tranche is part of an ongoing loan programme amounting to some 15 billion euros, Shmyhal said. It would …
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German Chancellor Olaf Scholz has reassure citizens that Germany would not become a party to the war in Ukraine by continuing to support Kiev in the fight against Russian forces. “Yes, I give this guarantee’’, he said in response to a question in the Bundestag parliament on Wednesday, echoing comments …
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THE Ibadan Electricity Distribution Company has announced an upward review of the electricity tariff for its Band A customers. IBEDC’s acting Managing Director, Francis Agoha, stated this in a statement on Wednesday in Ibadan. Agoha said the tariff , effective immediately ,would be adjusted from N206.80/kWh to N209.50/kWh He noted …
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Prof. Linus Asuquo, the Director-General, National Metallurgical Development Centre (NMDC), Jos, has advised the Federal Government to allocate more funds to support research and development in the country. Asuquo gave the advice on Wednesday when the Vice Chancellor of the University of Jos, Prof. Tanko Ishaya, visited him in Jos. …
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A former Information Technology (IT) officer at Globus Bank, Idris Babatunde Olayiwola, has dismissed as “baseless” and “untrue”, fraud allegations leveled against him by the bank. Olayiwola, in a statement he personally signed and which was released on his X handle, on Monday, said contrary to allegations by the bank, …
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