Archive for July, 2019

Africa scores low in top shipping connectivity index- UNCTAD

Africa scores low in top shipping connectivity index- UNCTAD

Maritime July 29, 2019 at 10:03 am Comments are Disabled

According to data from the United Nations Conference on Trade and Development (UNCTAD), it was stated that in the last 10 years, no African country has made the leading positing in the shipping connectivity index (maritime transport networks). However, Nigeria, a maritime endowed nation scored a paltry 21.44 compared toRead More

Tibor Nagy

U.S. warns Africa Against Debt Relief Expectations

News, World July 29, 2019 at 9:54 am Comments are Disabled

The U.S. top Africa diplomat, Tibor Nagy, warned in Pretoria, South Africa on Monday that African countries running up debt they cannot pay back, including China, should not expect to be bailed out by western-sponsored debt relief. The International Monetary Fund and World Bank began the Heavily Indebted Poor CountriesRead More

Unilever Nigeria’s Profit-after-tax increases in Q2 over Q1

Unilever Nigeria’s Profit-after-tax increases in Q2 over Q1

Business July 29, 2019 at 9:50 am Comments are Disabled

Unilever Nigeria released its results yesterday for the quarter ended June 2019 with a N23.42 billion turnover in Q2. The Company recorded a considerable leap in Q2 to record a 24% increase in its profit after tax which stood at N1.9 billion. The company reported a growth of 18% inRead More

TREXM, BHGE partner to renew commitment to oil & gas sector

TREXM, BHGE partner to renew commitment to oil & gas sector

Energy, Oil & Gas July 29, 2019 at 9:25 am Comments are Disabled

TREXM Oil & Gas Services Nigeria Limited, an oil and gas services project delivery company, has unveiled its Flare Care Programme, an initiative launched in partnership with Baker Hughes General Electric (BHGE), to help customers control flare efficiency using an advanced process control algorithm. According to the firm, the move is InRead More

Spectranet introduces Spectra-cular data plans

Spectranet introduces Spectra-cular data plans

Technology July 29, 2019 at 9:16 am Comments are Disabled

Spectranet 4G LTE has introduced Spectra-cular data plans as part of efforts to make Internet connectivity affordable and accessible to subscribers. Structured to suit the needs of all types of data users – casual users, moderate users and heavy users, these simple easy-to-understand plans named as Unified Value, Mega ValueRead More

Chief Executive Officer, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo.

NEPC attracts $150bn export market without oil plan

Local, News July 29, 2019 at 8:58 am Comments are Disabled

The Nigerian Export Promotion Council (NEPC) has announced plans to attract $150 billion over the next 20 years courtesy of its zero oil plan initiative. The Executive Director, NEPC, Olusegun Awolowo, explained that so far the council has identified over 22 products that have the potential and capacity to generateRead More