• Firm launches Hawk Eye application as a new strategy to curb crime

    Firm launches Hawk Eye application as a new strategy to curb crime

    A new crime reporting and security management system aimed at ensuring that criminal activities were promptly reported to security agencies and other relevant government agencies, has been launched in Abuja.

    The initiative, which involves sending security reports and complaints through Hawk Eye Application, was also intended to reduce the high-level of vandalism of power as well as oil and gas facilities which had negatively impacted the power sector.

    Speaking at the launch on Monday, the Chief Executive Officer of Hawk Eye, Kayode […]

  • EFCC traces N22m to firm linked to Fani-Kayode

    EFCC traces N22m to firm linked to Fani-Kayode

    It was gathered that the Economic and Financial Crimes Commission is investigating a company, ICON Environmental Cleaners, said to have link to the former Minister of Aviation, Mr. Femi Fani-Kayode.

    A top operative of the commission, on Tuesday, said the operatives of the commission had traced N22m to the firm during investigation.

    It was further gathered that operatives of the anti-graft agency were screening documents received from a bank to ascertain the role of one Mr. Oke in the transaction.

    The source said […]

  • FAAN, firm partner to end power outages at airports

    FAAN, firm partner to end power outages at airports

    Federal Airports Authority of Nigeria, FAAN, has formed a partnership with generator manufacturer, Mantrac Caterpillar, to finally put an end to the incessant power outages at airports across the country, especially the Murtala Muhammed Airport, MMA, Lagos.

    Managing Director, FAAN, Saleh Dunoma, had inspected the entire airport, including the Power House of FAAN, where the existing generating sets are housed with the Vice President, Asia Pacific, Africa and Middle East Distribution Division, Mantrac Caterpillar, Mr. Raymond Chan.

    After the joint inspection at the […]

  • NLC shuts down Lebanese firm over sack of 128 Nigerians

    NLC shuts down Lebanese firm over sack of 128 Nigerians

    According to reports, the leadership of Nigeria Labour Congress, NLC, yesterday led workers to shut down operations at a Lebanese Firm in Abuja, Artco Industries Limited for alleged anti-labour activities and violations of labour law in the country.

    The National President of NLC, Comrade Ayuba Wabba, while addressing workers on the 2016 World Decent Day with the title ‘End Corporate Greed’, said that the NLC decided to picket the Lebanese company because the management refused to recall sacked 128 workers of […]

  • Kaduna government, firm to establish $120m rice processing plant

    Kaduna government, firm to establish $120m rice processing plant

    To boost agricultural productivity in Kaduna State, a French company, Vicampro Farm, in joint venture with the State Government is to flag-off a $120 million French Rice/Potatoes processing plant in the State.

    The investment, which is expected to provide 30,000 direct jobs on completion is to be sited in Manchok, Kaura Local Government, in the Southern part of the state.

    Kaduna State Commissioner of Agriculture and Forestry, Dr. Daniel Manzo Maigari, who disclosed this at a joint press conference with the management […]

  • Firm produces kerosene, diesel, alum from waste

    Firm produces kerosene, diesel, alum from waste

    An Ibadan-based firm, Educational Advancement Centre (EAC) has produced kerosene, diesel and alum from waste plastic and cans, instead of crude oil.

    The discoveries were launched during an exhibition at Bodija, Ibadan headquarters of the firm. The exhibition also featured showcasing of some educational materials, including software and other educational technological materials.

    Oyo State Commissioner for Education, Science and Technology, Prof. Adeniyi Olowofela, who participated in the exhibition said creativity of the firm has shown that Nigeria has a great future.

    Director of […]

  • FG, firm sign 550MW power purchase agreement

    FG, firm sign 550MW power purchase agreement

    The Federal Government on Friday took the quest for sufficient power supply in the country a notch further with the signing of a Power Purchase Agreement with Kingline Development Nigeria Limited, a new power generation firm with Nigerian and South Korean interests.

    The signing of the agreement is expected to lead to the injection of 550 megawatts of electricity into the national grid at the completion of the power project to be located in Ondo State.

    While the Managing Director of the […]

  • EFCC seizes N6.8bn diverted funds from Jonathan’s cousin, firm

    EFCC seizes N6.8bn diverted funds from Jonathan’s cousin, firm

    The Economic and Financial Crimes Commission (EFCC) has frozen N6, 811, 846,443.05 found  in the accounts of some companies belonging to Roberts Azibaola, a cousin to ex-President Goodluck Jonathan, and Bestworth Insurance Brokers Ltd.

    The frozen cash was part of the N27, 188,232,208.20 benefits of the deceased staff of the defunct Power Holding Company of Nigeria (PHCN), which were diverted.

    This is coming a week after soldiers sealed off the construction site of    Kakarta Civil Engineering Limited owned by  him for alleged […]

  • Firm sues MasterCard for £14bn over fees

    Firm sues MasterCard for £14bn over fees

    A British lawyer suing MasterCard for £14 billion over card charges accused the US financial giant on Friday of indirectly pushing up prices for all British consumers.

    “Our case is that businesses that had to pay these fees then naturally passed on their costs… to consumers,” Walter Merricks from law firm Quinn Emanuel said on BBC Radio 4’s Today programme.

    Mark Barnett, head of MasterCard in Britain, told the BBC that card services had benefited consumers, adding: “We will be vigorously defending […]

  • Firm offers social safety net for students and corpers

    Firm offers social safety net for students and corpers

    A communications company, the Bridge Concepts Nigeria Limited, has inaugurated a social safety platform that will enable undergraduates and National Youths Service Corps members to cater to the challenging economic realities in the country.

    Besides, the platform will enable them to access and share academic ideas with lecturers and researchers from across the nation’s tertiary institutions.

    The initiative titled the “Nigerian Students and Youth Corps Discount Card” (The Naija Green Card), according to its initiator, Mr. Bimbo Daramola, is a “unique social […]

  • Firm starts its first crude oil production in Lagos

    Firm starts its first crude oil production in Lagos

    According to reports, An oil firm, Yinka Folawiyo Petroleum Company Limited (YFP), has started the production of crude oil from its Aje Field located in Block OML 113, offshore Lagos.

    The firm said oil produced from the Aje field will be stored on the Front Puffin, which has production capacity of 40,000 barrels of oil per day and storage capacity of 750,000 barrels.

    Aje is an offshore field located in OML 113 in the Dahomey Basin in the Southwest. The field is […]