Foundation Empowers Over 1,000 Women With Starter Packs Worth 10 Million

BusinessPhilanthropyFoundation Empowers Over 1,000 Women With Starter Packs Worth 10 Million

Hassan Umar Shallpella (Regional Correspondent)November 8, 2021

KEFFI — Peugeot Automobile Nigeria (PAN) has trained no fewer than 1,000 women in different skills in Nasarawa West Senatorial District and empowered them with starter packs worth 10 Million. Alhaji Ahmed Wadada, chairman of the company, while presenting the packs to the beneficiaries, who recently completed an intensive five-day training on Saturday in Keffi, Nasarawa State, said the gesture aimed to reduce poverty among rural women in Nasarawa West. “The empowerment programme was organised...

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Taaooma Under Serious Attack From the Youths for Meeting With the Vice President of Nigeria, Yemi Osinbajo Behind Closed Doors

BusinessEntertainmentNewsTaaooma Under Serious Attack From the Youths for Meeting With the Vice President of Nigeria, Yemi Osinbajo Behind Closed Doors

Favour Ebubechukwu (Staff Writer)November 8, 2021

A Nigerian comedienne, Apaokagi Adedoyin Maryam, popularly known as Taaooma has been castigated by the youths for meeting with Vice President Yemi Osibanjo at the Presidential Villa, Abuja. The Vice President on Wednesday received on a courtesy call, a delegation of young Nigerian (comedy) Skit Industry practitioners under the aegis of the Nigeria Skits Industry Awards (NSIA), led by its promoter, Bimbo Daramola. The delegation also included Josh Alfred (Josh2funny); Ayo Ajewole (Woli Agba); Adebamiro...

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Nigeria’s Seaports Operating far Above Installed Capacity – NPA MD

BusinessInfrastructureNigeria’s Seaports Operating far Above Installed Capacity – NPA MD

PilotnewsNovember 7, 2021

LAGOS — Mr. Mohammed Bello-Koko, Acting Managing Director of Nigerian Ports Authority (NPA), has said that the two Lagos seaports located in Lekki and Tin Can Island were operating “far beyond their installed capacities”. “What it simply means is that if they were built to handle 500,000 Twenty-Foot Equivalent Units (TEUs), for instance, probably they are now handling about 700, 000 TEUs,” he told newsmen on Sunday in Lagos. He said that the situation had...

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NNPC Weekly Review: Nigeria’s LNG Cargo Arrives Global Market After 22 Years

BusinessOil & GasNNPC Weekly Review: Nigeria’s LNG Cargo Arrives Global Market After 22 Years

PilotnewsNovember 7, 2021

ABUJA —  The Nigeria National Petroleum Company (NNPC) Limited, started its new week on a cheerful note as the country on Monday stepped into the global Liquefied Natural Gas (LNG) market for the first time in 22 years. It was a step expected to strengthen Nigeria’s footprint in the global LNG market after the lifting that occurred from Bonny Island, Rivers State. The maiden LNG export from NNPC LNG Ltd, an arm of the NNPC...

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MTN to Sell $242 Worth of Shares in Nigerian Business – Official

BusinessTelecommunicationMTN to Sell $242 Worth of Shares in Nigerian Business – Official

Bada Yusuf Amoo (Correspondent)November 4, 2021

LAGOS — MTN Group said it is planning to sell shares worth about $241.7million from its Nigeria business. MTN on Thursday said it will offer 575 million shares in MTN Nigeria, which is listed in Lagos in 2019. “Today we announce our intention to proceed with a public offer for sale of up to 575 million shares in MTN Nigeria, by way of a bookbuild to institutional investors and fixed price to retail investors,” MTN...

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Why FG Sells Electricity to Neighboring Countries – NBET

BusinessPowerWhy FG Sells Electricity to Neighboring Countries – NBET

Beloved John (Staff Writer)November 3, 2021

LAGOS — The Nigerian Bulk Electricity Trading (NBET) has disclosed that Nigeria is selling electricity to neighboring countries for strategic reasons. Nnaemeka Ewelukwa, managing director, NBET, said this when he appeared before the house of representatives committee on finance on Tuesday. According to him, only six percent of the electricity generated in the country is sold to neighboring countries. “Nigeria sells electricity to Niger Republic and Benin Republic. Those transactions recent have been more driven...

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It is Illegal to Use Billboards, Signage in Enugu Without Approval – ENSSAA

BusinessStandards & Consumer ProtectionIt is Illegal to Use Billboards, Signage in Enugu Without Approval – ENSSAA

PilotnewsOctober 24, 2021

ENUGU — Enugu State Structure for Signage Advertisement Agency (ENSSAA) says it is now illegal for any person or group to erect billboards and structure for signage in the state without approval from the agency. The General Manager of ENSSAA, Mr. Ike Ezugwu, stated this on Sunday in an interview with the News Agency of Nigeria (NAN) in Enugu. Ezugwu said the law establishing the agency said licences and permits must be issued to individuals...

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Nigeria Reported Four Incidents of Piracy in 9 months – NIMASA

BusinessCrime & SecurityNigeria Reported Four Incidents of Piracy in 9 months – NIMASA

Beloved John (Staff Writer)October 21, 2021

ABUJA — The Nigerian Maritime Administration and Safety Agency (NIMASA) has said Nigeria reported four incidents of piracy in the first nine months of 2021. In a statement issued on Wednesday, Bashir Jamoh, director-general of NIMASA admitted this. He noted that the reduction was reflected in the International Maritime Bureau (IMB) third-quarter 2021 report. According to the maritime agency director, the figure represented a 77 percent drop compared to the same period last year. Jamoh...

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CAC to Block Fraudulent Registration Applications

BusinessNewsCAC to Block Fraudulent Registration Applications

Beloved John (Staff Writer)October 18, 2021

ABUJA — The registrar-general of the Corporate Affairs Commission (CAC), Garba Abubakar, has announced that the agency is set to block suspected fraudulent applications registering new companies similar to existing ones. Rasheed Mahe, head of media at CAC, disclosed this in a statement issued on Sunday. The statement stated that Abubakar said the CAC recorded high applications with names similar to existing ones and indicated that the Commission had discontinued the issuance of certified true...

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BusinessPoliticsHon. Somto Udeze Empowers Constituents with Business Capital Among Other Support

Ebuka Onyekwelu (Staff Writer)October 14, 2021

AWKA — The member representing Ogbaru 11 constituency in Anambra State House of Assembly, Hon. Somto Udeze has empowered no fewer than one hundred and sixty constituents with business capital and work tools, to assist businessmen and women. Of the one hundred and sixty beneficiaries, no less than one hundred and forty are petty businesswomen in Ogbaru. About one hundred and thirty-seven of them were given the sum of twenty thousand Naira, to support their...

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