Emzor Pharmaceuticals has unveiled plans to establish an Active Pharmaceutical Ingredients (API) facility in Sagamu, Ogun State, with a substantial investment totaling $23 million (over N25billion) in an effort to combat the pervasive threat of malaria in Nigeria and Sub-Saharan Africa. Upon completion, the API facility will be the first […]
Business
LASG Pays ₦1.5 Billion WASSCE Fees For 58,000 Students
The Commissioner for the Lagos State Ministry of Basic and Secondary Education, Tolani Alli-Balogun, has said the state government will be paying N1.5bn to register 58,000 students for the 2024 West African Senior School Certificate Examination for this year. The commissioner said this on Thursday while reporting the activities of […]
Customs Refutes Allegations Of Compromise At Kano Free Trade Zone
The Kano/Jigawa Area Command of the Nigeria Customs service and the Management of Kano Free Trade Zone have jointly debunked an article alleging irregularities at the Free Trade Zone causing the Federal Government huge loses in revenue generation. According to ML. Alabi, Superintendent of Customs and SA, Special Duties to the […]
Even Airport Puff-puff Sellers Claim To Be Aviation Experts In Nigeria
Minister of Aviation and Aerospace Development, Festus Keyamo, has said that when it comes to aviation matters, everyone, including puff-puff sellers at the airport, has a say. Keyamo disclosed this when he appeared on Channels Television’s Politics Today to speak on Nigerian Civil Aviation Authorities’ action over the health status […]
Dangote Refinery Ranked Above 10 Biggest European Refineries
A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe. According to data compiled by the business news platform, the refinery has more capacity than many European ones. The $20bn-worth refinery located in Lekki-Epe Expressway, Lagos State, can refine 650,000 barrels […]
NNPC Signs Deal To Build Another 100,000bpd Refining Plant Within PH Refinery
The Nigerian National Petroleum Company Limited (NNPC) yesterday signed a contract with African Refinery Port Harcourt Limited (ARPHL) to build a 100,000bpd refinery within the Port Harcourt Refinery and Petrochemical Complex in Rivers state. The national oil company disclosed the deal on its social media handle, indicating that the Executive Director, Downstream of […]
Tanzania Shuts Down 5 Hydroelectric Stations To Reduce Excess Electricity
Tanzania has shut down five hydroelectric stations to reduce excess electricity in the national grid, the prime minister Kassim Majaliwa has said. According to Majaliwa, the main plant, Mwalimu Nyerere Hydroelectric Station, has alone generated enough electricity to power major cities. Among the cities that are being powered is Dar es […]
Nigerians to pay more for DSTV as MultiChoice up prices, again
Nigerians will have to pay more for cable TV as MultiChoice implements another price increase for its DStv and GOtv services. This is the company’s first price increase in 2024, but it marks its third in almost a year. It attributed the latest increase, effective May 1, 2024, to increased […]
Dollar demand for education, health up $1.8bn in 9 months
Dollar supply for foreign educational and health-related expenses from the Central Bank of Nigeria rose by 49.22 percent to $1.81 billion in the nine months spanning January to September 2023. According to CBN data, Nigeria’s spending on overseas health-related issues and foreign education increased marginally to $1.81 billion from $1.76 […]
Diesel prices yet to drop despite Dangote’s price cuts
Despite recent price cuts by Africa’s richest man, Aliko Dangote, on his Dangote Industries conglomerate’s diesel, many Nigerians are still struggling with the high cost of the fuel. This essential commodity, used to power generators, trucks, and machinery, remains frustratingly expensive for many, impacting businesses and everyday lives. Take Ngozi Uzordike, a baker […]