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ENI to repair Port Harcourt refinery

A Memorandum of Understanding between Italian oil giant ENI and Nigerian National Petroleum Corporation was signed in Rome today with ENI committing to the refurbishment of the Port Harcourt Refinery. The company also agreed to build Phase 2 of Okpai Power Plant and to further invest in Nigeria’s Oil and …

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FG must borrow to meet demands- Adeosun

  Minister of Finance, Mrs Kemi Adeosun, said inability of Federal Government to generate enough revenue to meet its obligation left it with no choice than to borrow to finance critical projects. The minister said this on Thursday in Abuja while speaking at the 14th Daily Trust Dialogue which had …

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Anambra to boost MSMEs with N20bn

The Anambra Government has reiterated its commitment to remain the choice destination for commerce in the country as it targets N20 billion to boost Micro, Small and Medium Enterprises (MSMEs). Chukwuka said that Gov. Willie Obiano was determined to encourage investments and build institutions that would not only promote micro, …

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MMM dumps Naira, to use Bitcoin

MMM introduces Bitcoin to subscribers: above Mbanefo, its chief promoter MMM Nigeria says it has introduced Bitcoin, said to be the world’s best performing currency in 2016, as part of its mode of payment in its comeback plans The  Ponzi scheme, which froze accounts of its three million  participants on December 13, …

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China’s 2016 forestry sector output hits $930b

China’s forestry sector saw its output rise to 6.4 trillion yuan (about $930 billion) last year, up from 5.9 trillion yuan in 2015, according to a national conference on forestry Thursday. China has become the world’s biggest producer, trader and consumer of forest-related products, with foreign trade in the forestry …

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Dangote Tomato factory restarts operation February

Dangote Tomato: restarts operation in February The Dangote Tomato Processing Factory  in Kadawa, Kura Local Government Area of Kano State is to resume production in February. The company, which began production in Feb. 2016, had to suspend operation due to lack of enough raw materials. The Managing Director of the …

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