Lagos Chamber of Commerce and Industry (LCCI), has concluded plans to inaugurate its newly formed Mining and Solid Minerals Group. The inaugural meeting, which is scheduled to hold at the LCCI Conference and Exhibition Centre, is borne out of the urgent need to diversify the economy and encourage investment in the sector. Nike Akande, President of the Lagos Chamber of Commerce and Industry (LCCI) said: “the major reason for the creation of the LCCI Mining and Solid Minerals Group is to give operators in the sector a viable platform to engage the government and exchange ideas on the growth and…
Author: Pride Team
Federal government plan concession arrangements with private investors to finance rehabilitation works in four of the country’s four major airports namely, Nnamdi Azikiwe International Airport, Abuja, Murtala Muhammed Airport, Lagos, Aminu Kano International Airport, Kano and the Port Harcourt International Airport. Also the Lagos-Calabar Railway project, which was at the centre of the face-off between the executive and legislative arms of government during the budget approval process, will be funded with N60 billion under the capital segment of the budget. Minister of budget and national planning, Senator Udoma Udo Udoma, gave the information while giving a breakdown of the 2016…
Iran has ramped up production quickly but the IEA still says the oil market is close to coming back into balance. The International Energy Agency said Thursday that higher than expected Iranian oil production has helped stabilize the global oil market by offsetting concerns generated by wildfires in Canada and violence in Nigeria. In its monthly report, the Paris-based IEA said oil output from OPEC countries rose to 32.7 million barrels a day in April, a figure boosted by Iran as its production increased faster than expected following the lifting of international sanctions earlier this year. The IEA is forecasting…
The Benin Electricity Distribution Company (BEDC) has introduced a new billing system and all customers under its network are being moved into the structure. The company in a statement made available to the Leadership at the weekend said that the new billing format had commenced for customers in Edo “effective March 2016,” for all Maximum Demand (MD) customers and all other categories of customers. BEDC said: “In order to provide better billing information to customers, BEDC has commenced migration to a new billing system named Electricity Billing Management System (EBMS). Effective March 2016, the new billing format commenced for all…
An explosion rocked a Chevron oil pipeline in Nigeria’s restive Delta region last week, a security source said, the second blast at a facility of the U.S. oil major within a week, feeding concern over a revived militant campaign in the area. Swamps of the southern Delta have been hit by a series of militant attacks on pipelines and other oil and gas facilities that have reduced Nigeria’s output by 300,000 barrels a day and closed a major export port and two refineries. Last week, militants calling themselves the Niger Delta Avengers claimed an attack on a Chevron Platform in…
British Council recently hosted Lagos to the first Open House event in Africa in conjunction with Open House Worldwide and Sterling Bank. It was an unforgettable experience for arts and architecture aficionados, tourists, students and residents of Lagos who experienced over 30 unique buildings that opened their doors to the public as part of the showcase that takes place in 34 other cities around the world.The festival opened with a symposium on Friday,29th April 2016 with the theme: ‘Lagos, The Good, the Bad and the Excellent’. It was moderated by Olamide Udoma – Ejorh and panelists included architects Tosin Oshinowo,…
The Media Committee of Senator Magnus Abe Campaign Organization has uncovered alleged plot of the Rivers State Chapter of the Peoples Democratic Party (PDP) to discredit Tai Local Government Area result by organizing a protest march. In a press Statement issued in Port Harcourt and signed by Mr. Parry Saroh Benson, chairman of the committee, stated that Governor Nyesome Wike had set aside millions of naira from the tax payers money to fund the protest, pointing out that Wike was so obsessed with stop-Abe-at-all-cost project that he would not mind how much of development fund goes into the drain for…
Lagos State Governor, Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined the League of Oil Producing States in Nigeria following the discovery of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry, Lagos. Governor Ambode who made the declaration when the management of the company led by the Group Managing Director, Mr. Tunde Folawiyo paid him a courtesy visit at the Lagos House, Ikeja, commended the firm for their doggedness to achieve the feat after 25 years of hard work, saying that by the provision of Section 162 Sub-Section 2 of the Nigeria Constitution, Lagos has…
The Lagos State government has approved the reopening of buildings belonging to Lekki Worldwide Estates Limited, owners of Lekki Gardens which were recently sealed after an uncompleted building collapsed at one of the construction sites belonging to the company. Subsequently, the Lagos State Material Testing Laboratory was mandated to carry out integrity tests on all the houses built by the real estate giant to ascertain their structural stability. Reports indicate that the buildings passed the integrity tests and have now been reopened to the occupants. According to a statement credited to Lagos State Commissioner for Physical Planning and Urban Development,…
The economy of Edo State has received a major boost as the State Governor, Comrade Adams Oshiomhole, has injected N2 billion into the economy through the presentation of cheques to 10,000 beneficiaries of the state Micro, Small and Medium Enterprise Development Fund (MSMEDF). Speaking during the presentation of cheques to beneficiaries of the scheme in Benin City, Monday, Governor Oshiomhole said, “the whole idea is to help you sustain or advance your businesses and your cooperative society. The 18 Local Government Areas and the 192 wards are well represented.” Oshiomhole enjoined the beneficiaries to use the funds judiciously for the…