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InfoWARE powers NGX top trade

InfoWARE, a technology solutions provider, has emerged as an enabler of trading activities on the Nigerian Exchange, powering 56 per cent of transactions executed by the NGX top 10 stockbrokers over the past five years. In a statement on Tuesday, Stanbic IBTC led the trades on InfoWARE’s platform with N1.42tn, representing 37.48 per cent of...
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Stock market posts N167bn gain

The Nigerian equity market recorded N167bn gain on Wednesday buoyed by AustinLaz & Company, Tantalizers, Wapco, and other gainers. The All-Share Index and market capitalisation rose by 0.26 per cent, to close at 98,227.50 points N59.5tn respectively. This brought the market’s year-to-date gain to 31.37 per cent, despite a 0.72 per cent loss over the...
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NLNG trains youths to boost local capacity

Nigeria LNG has begun its Nigerian Content Human Capacity Development basic training programme for the NLNG Train 7 Project. Held in Port Harcourt, Rivers State, the programme aimed at reskilling young graduates and developing human capital. In a statement, the NLNG said, “A total of 331 young graduates from diverse academic disciplines, who emerged successful...
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Haldane McCall lists 3.12bn shares on NGX

Real estate and hospitality group, Haldane McCall Plc has listed 3.12 billion ordinary shares of 50 kobo each at N3.84 per share on the Nigerian Exchange Limited. The Chairman of Nigerian Exchange Group, Umaru Kwairanga said the listing by introduction signifies Haldane McCall’s entry into the capital market to enhance transparency and access long-term capital...
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NCDMB plans to raise crude production

The Nigerian Content Development and Monitoring Board says it is fast-tracking the approval of five oil and gas projects. The Executive Secretary of NCDMB, Felix Ogbe, stated that the board had applied the presidential directives in approving the five oil and gas projects currently in the funnel. Ogbe, speaking at the recent African Energy Week...
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NDDC partners Chevron on Warri-Escravos road construction

The Niger Delta Development Commission has announced its partnership with Chevron Nigeria Limited on the construction of the 70.75km Omadino-Okerenkoko-Escravos Road and bridges in the Warri North Local Government Area of Delta State. The NDDC Managing Director, Dr Samuel Ogbuku, spoke on the project when he led a delegation of the commission’s executive management and...
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IOCs not exiting Nigeria, says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has said that no international oil company is leaving Nigeria despite their divestments. NUPRC’s Chief Executive Officer, Gbenga Komolafe, described the recent divestments by IOCs in the oil sector as  “portfolio rationalisation”. Komolafe said at the just-concluded NAPE Conference in Lagos that portfolio rationalisation was not uncommon in other...
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Dangote refinery begins fuel export to W’African countries

The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to traders that the mega-refinery’s operations could soon potentially shake up regional fuel markets. A report by Bloomberg on Tuesday, quoting data sourced from Vortexa, Kpler, Precise Intelligence, a port report, and ship-tracking platform, said a...
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Bauchi, Galaxy Backbone sign pact to deploy ICT infrastructure

The Federal Government-owned digital infrastructure company, Galaxy Backbone, and the Bauchi State Government have signed an agreement to deploy digital infrastructure and ICT services across the state. The company made this announcement in a statement issued by the Head of Corporate Communications at Galaxy Backbone, Chidi Okpala, on Wednesday. The pact was formalised during a...
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Why CNG engines are suitable to save cost

Take it or leave it, the country’s current economic situation is harsh for both the rich and the poor, and many are thinking of ways to cut costs and save more. In this piece, ANOZIE EGOLE looks at the benefits of Compressed Natural Gas engines to Nigerians, especially low-income earners. As the cost of Premium...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...