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All posts tagged "headline"

  • FLSmidth, Dangote Cement terminates O&M contracts on two plants

    Danish firm, FLSmidth, has announced it has reached an agreement with Dangote Cement to end the operation and maintenance collaboration on the Ibese and Obajana plants. The company said the move was taken due to changes in...

    • Posted May 8, 2015
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  • NCC says Nigeria will achieve 30% broadband penetration by 2018

    Dr Eugene Juwah, the Executive Vice-Chairman, Nigerian Communications Commission (NCC), has said that the country will achieve up to 30 per cent broadband penetration by 2018. Juwah made the statement in Abuja on Thursday while sensitising journalists...

    • Posted May 8, 2015
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  • Plastic sub-sector to grow by 7% by 2025

    The plastic subsector is expected to grow by seven percent over the next ten years, just as a positive outlook is projected for the packaging industry due to increased market demand and sophistication of the Nigerian consumers....

    • Posted May 7, 2015
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  • External reserves can’t pay for more than 3 months of imports

    The nation’s foreign exchange reserves fell one per cent month-on-month to $29.5 billion by April 28, from $29.8 billion a month earlier, the central bank said weekend. This implies that the reserves at the current rate of...

    • Posted May 7, 2015
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  • Digital oilfield offers new model for production optimization

    Technology continues to evolve at a record pace, causing oil and gas producers to increasingly rely on a secure, robust communication network to support exploration, production, and wellhead operations. Transitioning to a digital oilfield is paramount for...

    • Posted May 7, 2015
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  • Globacom tables $600m for Ivorian telco in regional expansion push

    Competition in West Africa’s telecommunications market is expected to intensify following plans by Globacom, Nigeria’s national carrier, to acquire Ivorian mobile operator, Comium Cote d’Ivoire, in a $600 million deal, informed sources have said. Globacom, owned by...

    • Posted May 7, 2015
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  • Nigerian $25bn Technical Cooperation Fund is a sacrifice for Africa’s integration, says DG

    Suleiman Shuaibu, Acting Director-General, Directorate of Technical Cooperation in Africa (DTCA) says the $25 billion dollars Nigerian Technical Cooperation Fund (NTCF) has reinforced Nigeria’s sacrifice for the integration of Africa. Speaking on Wednesday, Shuaibu said that the...

    • Posted May 7, 2015
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  • FG slashes 2015 fuel subsidy by 90 per cent following oil price slide

    The federal government will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices. The government had said it would gradually phase out fuel subsidies which are...

    • Posted May 7, 2015
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  • Dangote Cement production hits 30mmt across Africa

    Aliko Dangote, president, Dangote Group, has disclosed that the Dangote Cement annual production across Africa now stood in the region of 30 million metric tons (mmt), a feat that is earning Nigeria respect among the comity of...

    • Posted May 7, 2015
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  • CBN says govt prudence saved N116bn H2 2014

    The Central Bank of Nigeria (CBN) on Tuesday dismissed an earlier report suggesting that the Federal Government overspent the budget by N365.35 billion during the second half of 2014. The bank says its Financial Stability Report from...

    • Posted May 7, 2015
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