Business

PIB suffers fresh setback over COVID-19

The ill-fated Petroleum Industry Bill (PIB) has again suffered fresh setback buoyed by the novel Coronavirus pandemic. Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who stated this, added that the bill would be passed before the end of the year. The government was aiming to pass the sprawling legislation overhaul by the […]

Business

Gas investors kick as debt takes toll on power sector

Gas investors in Nigeria have bemoaned the worsening debt profile of power sector in gas-to-power value chain, stating that this is already taking a toll on the industry’s viability. Rising under auspices of the Nigerian Gas Association (NGA), the apex association for stakeholders in gas sector, the investors rallied gas experts and policy makers at […]

Business

Mitigating airlines’ insolvency post-COVID-19

Nigerian airlines are gearing up to bounce back from the huge effects of COVID-19, but how the carriers can survive the effects of the three months hiatus on airline business is another cause for concern. Wole Shadare writes Uncertainty The airlines are bleeding. It is not yet known how they intend to come back to […]

Business

Nigerians consume N193.66bn worth of electricity in 4 months

Nigerians consumed N193.66 billion worth of electricity in just four months of September, October, November and December 2019. Power industry regulator, Nigerian Electricity Regulatory Commission (NERC), which declared this in a document sighted by New Telegraphat the weekend, maintained that the power consumption pattern was reflected in the total invoice of N193.66billion issued to 11 […]

Business

Capturing real estate activities via unified database

With a vow to sanitise the industry, the Lagos State Government has unveiled an online portal and unified central database for real estate practitioners and their activities in the metropolis. Dayo Ayeyemi reports Lagos, a former capital of Nigeria, is the commercial and economic nerve centre of West Africa with lots of investment opportunities. Apart […]

Business

Aviation: ‘Salary cut for pilots, others unhealthy’

A call has gone out to airline owners on the imperative of protecting the interest of pilots and other employees in the aviation industry. Representative of the Flight Crew Association of Nigeria (FCAN), Captain Roland Robert, said the idea by some carriers’ inability to pay either full or part salaries during the lockdown was not […]

Business

‘How FG can deliver 300,000 housing units annually’

In order to fix the nation’s housing deficit, which is estimated at over 17 million units, the Federal Government must muscle the political will to build at least 300,000 houses annually. Apart from doing something differently, affordable housing advocates, under the auspices of Housing Development Advocacy Network (HDAN), said government must involve the private sector […]

Business

COVID-19: Surveyors donate ambulance to govt

Proffesionals under the auspices of the Nigerian Institution of Surveyors have donated a brand new 2019 Model Peugeot ambulance to Lagos State Government. The Chairman of the institution, Mr. Adeleke Adesina, in company of other prominent members of the Lagos State branch of the Association, handed over the vehicle to the Lagos State Government. The […]

Business

NAOC, partners deepen CSR with fight against COVID-19

Nigerian Agip Oil Company (NAOC) and its joint venture partners, Nigerian National Petroleum Corporation (NNPC) and Oando Oil Limited, have deepened their investments in corporate social responsibility (CSR) with the commissioning of a COVID-19 temporary medical infrastructure in Asaba, Delta State. The facility was, according to a statment by NAOC, inaugurated in the presence of […]

Business

How KenMoore Fashion became a top brand – Ogbonna Kelvin Chukwuma

  In life, one thing leads to another before a passion or idea becomes a vision. This was what happened in the life of Ogbonna Kelvin Chukwuma, the CEO of KenMoore Fashion who rose from scratch to become a business tycoon of repute in the Nigerian fashion industry. KenMoore Fashion brand is a Nigerian indigenous […]

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