1.The Federal Government has
awarded a N1.1 billion contract for the design and manufacturing of two diesel locomotives for the Nigeria Railway Corporation. After the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Transport, Senator Idris Umar, said the locomotives would have built-in power packs and would run on 1435 mm standard gauge.
2.The
United Bank for Africa (UBA) Plc and global Money Transfer giant, MoneyGram have launched outbound money transfers in Nigeria. The newly launched MoneyGram outbound money transfer service allows Nigerians to send money abroad through any UBA branch in Nigeria or Africa while the funds are received in dollar or the currency of the receiving country.
3. The Director General of Federal Institute of Industrial Research Oshodi, FIIRO,
Dr. Gloria Elemo, has disclosed that an estimated 1,500 small and medium scale enterprises are expected to be set up across the country in the next one year through the 250 Research and Development (R&D) technologies/outputs developed by the institute.
4. The Pipelines and Product Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC,
exported 1.33 billion litres of petroleum products, valued at N116.672 billion in 2013.
5.
LAPO Microfinance Bank (MfB) has said that the reason behind the $12 million (N1, 980,000,000) African Development Bank’s (AfDB) Line of Credit (LoC) is to increase access to finance for small business owners, women in particular.
6. The six Independent Power Plants (IPPs) in Lagos State will
deliver a combined capacity of 47megawatts (Mw) of electricity before the first quarter of next year, the state Commissioner for Energy and Mineral Resources, Taofiq Tijani, has said.
7. The F
ederal Government through the National Information Technology Development Agency (NITDA) has announced plans to support the growth of technology, especially startup innovations in Nigeria, with N1.5 billion.
8.
To reduce congestion at ports and bring shipping services to the doorsteps of importers, the Federal Government is set to make all the dry ports across the country functional . Government may declare all the dry ports as ports of destination and centres of exports in all its locations. The dry ports are located in Ibadan, Kano, Isiala-Ngwa (Abia), Jos, Funtua (Katsina State) and Maiduguri.
9.
The Aiteo Group has finally confirmed the acquisition of 85 per cent equity in Oil Mining Lease, OML 29, being divested by the Shell Petroleum Development Company, SPDC.
10.
More than 1000 companies and investors, including the Chief Executive Officers of Fortune 500 companies, recently, joined the campaign on carbon pricing. The collaboration came about two weeks after the campaign was flagged off at the UN Climate Summit in New York, USA, which announced the results of months-long campaign to put a price on carbon.
