NIGERIA

SOLAR ENERGY TO HELP ENHANCE RURAL ELECTRIFICATION IN NIGERIA

Posted on by Gambeta News
SOLAR ENERGY TO HELP ENHANCE RURAL ELECTRIFICATION IN NIGERIA

Sokoto government to use solar power for rural electrification. At a News conference in Sokoto , the special adviser to Governor Aminu Tambuwal on Public Private Partnership (PPP), Alhaji Bashir Gidado, disclosed that the state government have started the process of connecting rural households to solar power. This move is aimed at increasing energy usage and enhancing rural electrification in the region. The project, with its pilot scheme already in progress in Kurdula, a rural settlement in Balle town…

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SOREDON TO TACKLE HOUSING DEFICIT IN NIGERIA

Posted on by Gambeta News
SOREDON TO TACKLE HOUSING DEFICIT IN NIGERIA

SOREDON have emerged to support Nigerian government at all levels in tackling its huge housing shortfall. The Society of Real Estate Developers of Nigeria (SOREDON) have pledged to support Nigerian government in tackling the prevailing housing deficit (valued at 17 million units)  in the country by planning to construct and deliver 10,000 housing units in each of the country’s 36 states plus the Federal Capital Territory (FCT). This plans are said to be subject to…

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Nigeria moves up 24 points in world’s ease of doing business ranking

Posted on by Gambeta News
Nigeria moves up 24 points in world’s ease of doing business ranking

Nigeria moves up in World Bank Business ranking According to World Bank 2018 reports, it has been confirmed that Nigeria have moved from 169th to 145th in the world’s ease of doing business ranking. Other countries who also improved their business environment through numerous reforms includes;  El Salvador, India, Malawi, Brunei Darussalam, Kosovo, Uzbekistan, Thailand, Zambia and Djibouti. The countries together implemented a total of 53 business regulation reforms across 10 of the areas measured by…

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CHAD BEGINS WORK ON ENERGY SCHEME AFTER 44 YEARS PLANNING

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CHAD BEGINS WORK ON ENERGY SCHEME AFTER 44 YEARS PLANNING

Chad have officially begun work on two energy projects which it had planned for, 44 years ago.  The Republic of Chad has began work on two(2) energy projects it believes would boost the country’s economy. The foundation of the twin plants was laid on 28th Oct 2017 by the country’s president Idriss Déby. The two schemes which are to be built in the northwestern Kanem region, are Sedigui oil refinery and the Rig-Rig gas treatment plant and they…

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ISRAELI FIRM AWARDED NIGERIAN WATERWAYS SECURITY CONTRACT

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ISRAELI FIRM AWARDED NIGERIAN WATERWAYS SECURITY CONTRACT

Nigeria Employs Israeli Security Firm to Police its waterways. The Federal Government of Nigeria in a bid to check and tackle the rising rate of crime and piracy along its territorial waters has concluded plans to employ the services of an Israeli firm for the security of its waterways. The contract entails procurement of security equipment and training of the Nigerian Armed Forces especially The Navy on how best to police the country’s waters effectively. This…

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ROSATOM TO DEVELOP NUCLEAR PLANT IN NIGERIA

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ROSATOM TO DEVELOP NUCLEAR PLANT IN NIGERIA

Russia and Nigeria signed agreement to build a nuclear plant and research centre in the country. Rosatom State Atomic Energy Corporation is a state corporation in Russia, which is the regulatory body of the Russian nuclear complex has signed an agreement with Nigeria on the construction and operation of a Nuclear Power Plant and a Research Center housing a multi-purpose nuclear research reactor on the country territory. The agreement was signed by Anton Moskvin, Vice president for Marketing…

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GHANA SEEKS FOR LOWER SULPHUR CONTENT IN NIGERIAN FUEL

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GHANA SEEKS FOR LOWER SULPHUR CONTENT IN NIGERIAN FUEL

Ghana urges Nigeria to reduce sulphur content in its fuel The institution responsible for petroleum regulation in Nigeria have been asked by its counterpart, the Ghana National Petroleum Authority (NPA) to take measures in reducing the sulphur content in its diesel fuel to about 50parts per million(ppm). Currently Nigeria is doing 3,000ppm of sulphur content and this is considered as been toxic. According to CEO of the NPA, Alhassan Tampuli, reducing the sulphur content of Nigerian fuel will …

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ALTERNATIVE CONSTRUCTION METHOD TO BE UNVEILED BY NSE

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ALTERNATIVE CONSTRUCTION METHOD TO BE UNVEILED BY NSE

NSE to collaborate with COREN to create alternative construction methods and check unqualified Engineers. The Nigerian Society of Engineers (NSE) to unveil alternative construction method that will be cheaper and durable during the forth coming International Conference and Annual General Meeting tagged Unity 2017 with the 2-day conference theme “Civil Infrastructure Development in a Challenging Economy.’’ NSE’s National Chairman, Mr Adem Ekpo-Bassey, ”We choose the theme because we are just coming out of recession and infrastructural development is…

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FEMALE ENTREPRENEURS ARE MORE TAX COMPLIANT – LCCI

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FEMALE ENTREPRENEURS ARE MORE TAX COMPLIANT – LCCI

Lagos Chamber of Commerce and Industry (LCCI) commends female entrepreneurs for their resilience in tax compliance. Dr. Mrs Nike Akande, President, Lagos Chamber of Commerce and Industry, during the Chamber’s Women Group’s third annual conference themed, “Women as change agents: Towards tax compliant society,” commended female entrepreneurs for their irrepressible attitude and tenacity in remitting their taxes when due. She also commended the recognition given to women due to their unique role in poverty reduction and entrepreneurship…

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NIGERIA HOUSING CRISIS MAY WORSEN AFTER CONFLICTING FIGURES

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NIGERIA HOUSING CRISIS MAY WORSEN AFTER CONFLICTING FIGURES

Nigeria unable to meet targets set for housing sector after conflicting figures. According to UN report, Nigeria is expected to overtake the United States to become the third most populous country in the world by 2050 because the cities in the country is becoming a new home to rural migrants every day. The revised National Housing Policy shows that the cumulative effect of the inability to meet the targets set for the housing provision over the years is…

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NIGERIA ENTERS LEAGUE OF STEEL EXPORTERS

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NIGERIA ENTERS LEAGUE OF STEEL EXPORTERS

Nigeria soon to become an African steel export giant. The latest development in the steel industry is an indication that soon Nigeria’s steel industry would be the next sector to watch out for after its Cement Industry. The largest steel manufacturer in Nigeria, African Industries Group has started exporting its product to Morocco, Egypt and Ghana, and is looking forward to go beyond Africa. Chairman, African Industries Group, Raj Gupta, while speaking at the unveiling of the company’s export activities to…

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OANDO SHARES SUSPENDED IN THE STOCK MARKET

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OANDO SHARES SUSPENDED IN THE STOCK MARKET

NSE suspends Oando Shares and plans forensic audit Stockbrokers have been directed by a notice dated 18th October 2017 from the Nigerian Stock Exchange (NSE)  to place Oando Plc shares on full suspension for 48 hours. A full suspension is the halt of trading activities in a listed security for a period. A technical suspension is the interruption of price movement in a listed security for a period so that any dealings in the securities which…

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US$50bn NEEDED TO MAKE NIGERIA AVIATION HUB FOR WEST & CENTRAL AFRICA

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US$50bn NEEDED TO MAKE NIGERIA AVIATION HUB FOR WEST & CENTRAL AFRICA

Experts project US$50 billion in the next 30 years can make Nigeria the Aviation Hub for West and Central Africa. CEO of RTC Advisory Services and expert in the aviation industry, Opeyemi Agbaje, during a presentation at the Colloquium 2017, Vision 2050 for Aviation Industry held in Lagos said, for the Nigerian Aviation Industry to grow to what is obtained in other parts of the world, and to actualize the vision of been the aviation hub…

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BUHARI SIGNED UNIVERSITY OF PETROLEUM RESOURCE BILL ESTABLISHMENT

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BUHARI SIGNED UNIVERSITY OF PETROLEUM RESOURCE BILL ESTABLISHMENT

Buhari sign bill to establish a petroleum university in Effurun, delta state to promote and create new technology in the sector. The bill to establish the university is gear towards having a specialised university in the Niger Delta, charged with training and research in petroleum technologies. Petroleum is Nigeria greatest export and also contributes about 9% to its economy so it seen fit to have a university that will help promote and create new technology that…

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ITALIAN COURT CHARGE SHELL EXECUTIVES OVER MALABU SCANDAL

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ITALIAN COURT CHARGE SHELL EXECUTIVES OVER MALABU SCANDAL

Four Senior Shell Executives and others to face trial for Malabu oil scandal. For their role in the bribery conspiracy with Dan Etete, former Nigerian Petroleum Minister that cost Nigeria over US$1 billion,  an Italian court have charged four high level executives of the Royal Dutch Shell Plc to court. The court summoned the tetrad, after it learnt that Shell beforehand knew that the deal involved a convicted money launderer. Although Shell agreed of having prior…

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LAGOS STATE SET TO PROVIDE 20,000 HOUSING UNIT BY 2018

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LAGOS STATE SET TO PROVIDE 20,000 HOUSING UNIT BY 2018

Housing sector set to have 20,000 housing unit by the lagos state government in 2018. The lagos state Government has announced plans to unveil its plans to have up to 20,000 housing unit by 2018 which is expected to boost the state housing sector. The state government is expected to continue the public-private partnership to provide decent and affordable housing for all. They are opened to new ideas, technology and methods which will provide an enabling…

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US$120M BONNY-BODO ROAD PROJECT GROUND BREAKING CEREMONY

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US$120M BONNY-BODO ROAD PROJECT GROUND BREAKING CEREMONY

Nigeria vice president and some high profile individuals flag-off the bonny-bodo road project in bonny island. Bonny local government and bodo city which are both located in Rivers state, Nigeria will finally have a road project which has been abandon for over 40 years to be constructed after the ground breaking ceremony was held yesterday with the vice president of the country, Prof. Yemi Osinbajo and most notable personality in attendance. The project which is…

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ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

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ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

Foreign Investors stress worry over the recently signed government policy requesting a free 16% ownership in all foreign owned businesses President of Dangote Industries, Mr. Aliko Dangote expressed his frustration over the enacted law, stressing that Mr. John Magufuli (President of Tanzania) is “coming through the back door to seize assets”. He made this statement while attending a summit organised by the Financial Times, in London this week. The State Stake Law, makes it mandatory…

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SA OR NIGERIA TO BECOME TRUECALLER’S AFRICA HEADQUARTER’S

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SA OR NIGERIA TO BECOME TRUECALLER’S AFRICA HEADQUARTER’S

 Truecaller executives to visit SA and Nigeria in search for their Africa headquarter following the tremendous growth they had across Africa. On Wednesday Truecaller announced that they’re on a move to increase its presence on the continent making Africa a key priority region. Truecaller is also shopping for a great city to build its Africa headquaters. In Africa, Truecaller tends to be one of the fastest growing consumer apps and for the past two years…

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START- UP’S IN NIGERIA CAN APPLY FOR GOOGLE’S UPCOMING DEVELOPERS LAUNCHPAD

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START- UP’S IN NIGERIA CAN APPLY FOR GOOGLE’S UPCOMING DEVELOPERS LAUNCHPAD

Google is bringing the Developer Launchpad to Lagos, Nigeria  for the first time,with Co-Creation Hub (CCHub) being the host. The Developers Launchpad is a program initiated by Google and broadly aims to bring together growing start-ups or start-ups in their early stages and providing support in the form of mentorship, tutoring, guidance and more. Basically, the Google Developer Launchpad grooms start-ups founders and help them take their start-up to the height they hope to attain…

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