UTM Offshore, Afreximbank sign $2bn MoU for Nigeria’s floating LNG project
UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $2 billion for the development of Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. The MoU was signed on Tuesday in Abuja, Dr. Yahuza Kassim, Principal Consultant for the development of the facility stated in Lagos on Wednesday. The MoU was signed by Mr....
FG withdraws expired COVID-19 vaccines
The Federal Government has declared that expired COVID-19 vaccines in Nigeria had been withdrawn and will be destroyed accordingly by National Agency for Food and Drug Administration and Control (NAFDAC). Minister of Health, Dr. Osagie Ehanire, disclosed that Nigeria has utilized most of the over 10 million short-shelf-life doses of COVID-19 vaccines so far supplied to the country, in good...
NBS: Nigeria imports N1.05trn worth of petrol in three months
Nigeria imported Premium Motor Spirit (petrol) worth N1.05 trillion in Quarter Three (Q3) of 2021, the Nigeria Bureau of Statistics (NBS) has said. The figure was far higher than N782.46 billion the total cost of petrol import in Quarter Two (Q2) of 2021. In the report of “Foreign Trade in Goods Statistics for Quarter Three, 2021”, the amount spent on import...
Huawei launches All-Optical Target Network solution
Huawei has launched the OptiX SuperSite solution as part of its commitment to building a low-carbon, efficient, and intelligent all-optical target network which it says is the primary engine for digital economy development. Richard Jin, President of Huawei Optical Product Line, said that optical transmission is a greener and more energy-saving transmission technology. The SuperSite have three advantages: super access, innovative...
Omicron: Govs kick against stigmatisation of Nigeria, travel ban
The Nigeria Governors’ Forum (NGF) has rejected visitation ban placed on Nigeria by Canada and UK over Omicron variant, describing it as precipitate, unfair and discriminatory. The forum stated this in a statement by its Chairman, Governor Kayode Fayemi of Ekiti The governors drew the attention of the World Health Organization (WHO) to the arbitrary stigmatisation that is caused by the recent...
Aggrieved youths raze pastor’s residence over butchered girl
Aggrieved youths on Tuesday razed a building belonging to a pastor of the Redeemed Christian Church of God (RCCG) in Adebun Area of Ado-Ekiti over a missing seven-year-old girl. The lifeless body of the girl, identified as Demilade, was allegedly found in the pastor’s house. It was gathered that the victim who was sent on an errand was waylaid and butchered...
Police: Two students died, 12 others injured in Lagos accident
The Lagos State Police Command has confirmed that two students of Bab Fafunwa Millennium School, in Ojodu, Lagos, were killed on Tuesday when a DAF truck rammed into pedestrians. The police stated that while two males died on the spot, seven females and five males totalling 12 victims sustained varying degrees of injuries. The truck reportedly suffered a brake failure and...
$320m deal: I’m excited with Equinix’s acquisition of MainOne – Opeke
Founder and CEO of MainOne, Ms Funke Opeke, says her team is excited about the partnership with Equinix, an American firm. Equinix Inc, an international digital infrastructure company, on Tuesday announced its expansion into Africa through its intended $320 million acquisition of MainOne, a leading West African data centre and connectivity solutions provider. Opeke said Equinix would accelerate the company’s long-term...
Buhari sacks AEDC mgt, says Abuja DisCo is a national embarrassment
President Muhammadu Buhari has sacked the management of Abuja Electricity Distribution Company (AEDC) over Monday’s strike by the staff. The Federal Government also described the non-performance and incompetence of the AEDC as a national embarrassment. The Federal Capital Territory (FCT), Kogi, Nasarawa, Kaduna and parts of Edo were in total blackout between 7a.m. to about 8p.m. on Monday following the industrial...
Afreximbank begins construction of Medical Centre of Excellence in Abuja
African Export-Import Bank (Afreximbank) on Tuesday formally begins the groundbreaking for the construction of the African Medical Centre of Excellence (AMCE) in Abuja, Nigeria. The Centre aims to provide world class healthcare across the continent in long-term partnership with King’s College Hospital, London (KCH), the official clinical partner for the AMCE. The project is scheduled for inauguration in the first quarter...
