Nigerian Maritime company, Nigerdock, has said it is displacing 40% of its daytime energy use following recent solar installations at its Snake Island office in Lagos state. In a statement seen by Thisday, Nigerdock’s Chief Executive Officer, Maher Jarmakani noted that the migration to solar energy is also helping the company to cut down on its greenhouse emission. He said: “As a self-sustaining economic hub, improving our energy consumption and reducing our carbon footprint is pivotal to our long-term operations and success. Our renewable energy solution will provide us and our growing clientele with consistent power and greater ease to…
Author: Oladi Samuel
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St. Kitts and Nevis has a programme that allows the acquisition of citizenship based on an investment and/or a direct contribution to the state as a means of developing the country. The St. Kitts and Nevis Citizenship by Investment Programme has become one of the most successful of its kind globally. The Caribbean island recently scored a 10/10 on due diligence and integrity, application processing ease and efficiency, family friendliness, and travel or residency requirements. It also scored a 9/10 on the level of investment required and program profile. Important information to note: A minimum investment of $125,000 is required to before obtaining a citizenship.…
Labor Party’s presidential candidate, Peter Obi, has said that some modular refineries in Nigeria are lacking in crude oil supply. Mr Obi stated this during an Arise TV interview on Sunday, February 5. According to him, Nigeria’s fuel crisis problem can best be tackled with effective local refining. However, inadequate crude oil supply has been a hindrance. He said: “Dangote’s refinery is almost complete and we have other refineries all over the place. Some are even ready but they can’t get the supply of crude, these are things we have to resolve as quickly as possible and get local production…
Nigeria and Niger Republic have signed a bilateral agreement in Abuja for coordination of frequency utilisation along their borders to ensure seamless deployment of services around and within the two countries. According to a statement from the Nigerian Communications Commission (NCC), the agreement signing ceremony was one of the highlights of the two-day Digital Economy Regional Conference, hosted by the Nigerian government and facilitated by the Federal Ministry of Communications and Digital Economy. Nigeria’s Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, signed on behalf of Nigeria, while his Nigerien counterpart, the Minister of Post and New…
The Peoples Democratic Party claims that the Presidential candidate for the ruling All Progressive Congress (APC), Bola Ahmed Tinubu, allegedly masterminded the intercepting and hoarding of the new notes for a selfish agenda. This was disclosed in a statement by the PDP on Sunday evening signed by Dr Debo Ologunagba, the party’s National Publicity Secretary. They also expressed optimism that the hopelessness and anguish brought upon our nation by the APC administration will be a thing of the past when a new President resumes. Cash hoarding: They said Nigerians are going through excruciating pain due to the Policy and are…
The Nigerian House of Representatives says it may reconvene before the February 25th general elections if the hardships caused by the naira swap policy remain. This was disclosed by the House Speaker, Femi Gbajabiamila during a Townhall meeting in Lagos on Sunday. He also disclosed that the House has the power to summon any Nigerian and also issue an arrest, which includes the CBN Governor, Godwin Emefiele. The Speaker of the House of Reps noted that the House would continue to monitor the CBN’s implementation of the policy closely following the Green Chamber’s meeting with the CBN Governor on the…
During her presentation at the February 4 2023 Economic Outlook hosted by Nairametrics, the Chief Commercial Officer at Mixta Africa, Rolake Akinkugbe – Filani said she is a firm believer in real estate being a store of value. She said there are now innovative ways available for home acquisition, especially for Nigerians looking to own a home for commercial or residential purposes. According to her, home acquisition has been difficult for most Nigerians who typically complain about the steep cost of investing in real estate, particularly initial deposits. However, she revealed that there are innovative ways to approach owning real…
For his immense contributions to the growth of banking and finance in Nigeria and across Africa, the Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, was on Saturday, conferred with an Honorary Doctorate Degree in Banking and Finance by the Imo State University (IMSU) Owerri, Nigeria. Alawuba was honoured during the school’s 8thConvocation Ceremony, an event witnessed by the Executive Governor of Imo State, Senator Hope Uzodinma. Also in attendance were the former Governor of the State, Dr. Rochas Okorocha, the University’s Pro-Chancellor, Chief Sir, Ernest Nwapa; Vice-Chancellor Professor U.U. Chukwumaeze, Vice-chancellors from various tertiary…
Last week was tough for Nigerian businesses and consumers, no thanks to the cash shortage crisis that rocked the economy. And as expected, all eyes were on banks to perform by making cash available and facilitating transactions. Unfortunately, many of them failed to meet this expectation. We will begin today’s Corporate News Roundup by looking back at how one of the banks addressed its failure to meet customers’ expectations amid the crisis. On that note, thank you so much for reading this newsletter. And do keep in mind that Quidax makes this possible every Sunday. So, shoutout to them. Let’s begin. Kuda…
Another new face-to-face nationwide poll on the 2023 general elections has put the Labour Party Presidential candidate, Peter Obi, ahead with 37% of the survey respondents. Obi is followed by the Peoples Democratic Party (PDP) candidate, Atiku Abubakar, who secured 27% of the survey responses, while the All Progressive Congress (APC) candidate, Bola Tinubu, secured 24% with New Nigerian Peoples Party (NNPP) candidate securing at 6% of survey respondents. This disclosure is contained in a press statement by Nextier, an African-focused consulting firm, where it presented the second presidential poll conducted it conducted, on Friday, January 27, 2023, 4 weeks…