Haldane McCall, a leading real estate development company, has announced a remarkable achievement in the Nigerian property market, generating N2.5 billion through the sale of housing units. This milestone underscores the growing demand for quality and affordable housing solutions in the country and highlights the company’s pivotal role in addressing the housing deficit. The success stems from a combination of well-planned residential projects and strategic marketing efforts. Haldane McCall’s portfolio includes a range of housing options designed to cater to diverse income levels, from luxury apartments to budget-friendly units. By maintaining high construction standards and offering flexible payment plans, the…
Author: Temitope Nlewemchi
KFC Nigeria is spreading holiday cheer with the unveiling of its latest offering: a special festive meal designed to bring families and friends together during the season of celebration. This limited-time menu promises to deliver the signature flavors KFC is known for, with a seasonal twist to delight its customers. The festive meal features an array of options that cater to both traditional and adventurous palates. Highlights include KFC’s iconic crispy fried chicken, complemented by specially crafted sides and sauces inspired by local Nigerian flavors. The meal is designed to offer a satisfying combination of taste and value, making it…
This year marks a significant milestone for Citibank as it commemorates 40 years of service. Since its establishment, the institution has played a pivotal role in shaping the global banking landscape, offering innovative financial solutions and fostering economic growth. Citibank began its journey with a vision to provide world-class banking services, and over the decades, it has expanded its reach to become a key player in the global financial sector. From pioneering digital banking solutions to supporting businesses and individuals through complex financial markets, Citibank has consistently adapted to the evolving needs of its customers. The bank’s leadership attributes its…
Thousands of passengers have flooded bus parks in Abuja and Lagos following the announcement of reduced transportation fares by the administration of President Bola Tinubu. The initiative, aimed at alleviating the financial burden on commuters, has been met with widespread enthusiasm, as many Nigerians struggle with the rising cost of living. The fare reduction is part of the government’s broader strategy to ease transportation costs and provide relief to citizens amid ongoing economic challenges. By slashing fares on intercity and interstate routes, the government hopes to make transportation more affordable and accessible to the general public. At major bus parks…
The Federal Government of Nigeria has earmarked N8.73 billion for the development and upgrade of power infrastructure at the country’s airports in 2024. This investment is part of the government’s ongoing efforts to enhance airport facilities and improve overall passenger experience. The allocation is set to address critical power supply issues, which have long been a challenge at various Nigerian airports. This funding will be used to upgrade existing power systems, ensure more reliable electricity supply, and introduce sustainable energy solutions, including the integration of renewable energy sources. Airport officials highlighted that the move is expected to enhance operational efficiency,…
The Nigerian National Petroleum Company Limited (NNPCL) has inaugurated a state-of-the-art command centre designed to enhance oil and gas production across the country. The new facility aims to improve operational efficiency, streamline decision-making processes, and optimize production monitoring and management in real time. The command centre is equipped with cutting-edge technology, including advanced data analytics tools and communication systems, to enable better management of oil and gas assets. It will allow NNPCL to monitor operations across various oil fields and facilities, ensuring that any challenges or inefficiencies are quickly identified and addressed. NNPCL officials emphasized that the command centre will…
Women are increasingly making their mark in the maritime sector, historically dominated by men, and are playing a pivotal role in reshaping the industry. With growing representation in various maritime domains, from shipping and logistics to port operations and maritime safety, women are driving innovation, advocating for inclusivity, and demonstrating leadership in an evolving sector. In recent years, there has been a notable shift in the number of women pursuing careers in maritime, with many breaking barriers and setting new standards. Women are now occupying key positions in maritime organizations, influencing strategic decisions, and contributing to policy development. Their involvement…
Telecommunications companies in Nigeria have expressed optimism about President Bola Tinubu’s economic reforms, anticipating significant relief from the longstanding issue of multiple taxation in the sector. The telcos are hopeful that the administration’s drive for regulatory efficiency and ease of doing business will address the tax burdens that have hindered industry growth. Industry stakeholders have consistently decried the heavy tax obligations imposed by various levels of government, which they argue stifle innovation and lead to higher costs for consumers. According to telecom operators, the proliferation of taxes—ranging from statutory levies to arbitrary charges—has been a major impediment to infrastructure expansion…
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has described 2024 as a challenging year for industries, citing persistent economic hurdles. The association pointed to factors such as high inflation, foreign exchange volatility, and rising production costs as critical issues affecting business operations across the country. In a statement, NACCIMA noted that while the government has implemented some measures to stabilize the economy, the industrial sector continues to face significant headwinds. “Industries are grappling with an uncertain operating environment marked by escalating costs and declining consumer purchasing power,” the statement read. Energy costs, limited access to…
Egbin Power Plc has launched an outreach program to provide free medical services to communities surrounding its operations. The initiative is part of the company’s corporate social responsibility (CSR) efforts, aimed at improving the health and well-being of its host communities. The program offers a range of medical services, including consultations, diagnostic tests, medications, and minor treatments, all at no cost to the beneficiaries. Residents of the benefiting communities have commended Egbin Power for its impactful gesture, noting that access to quality healthcare has been a longstanding challenge for many. A representative from Egbin Power stated that the initiative underscores…
Zacch Adedeji, the Special Adviser to the President on Revenue, has applauded the Nigerian Ports Authority (NPA) for its instrumental role in advancing the naira-for-crude oil initiative. This strategy seeks to reduce Nigeria’s dependence on foreign currency in crude oil transactions by promoting the use of the naira in international trade. Adedeji highlighted the NPA’s operational contributions, which have been vital in facilitating the initiative’s smooth implementation. “The NPA has shown outstanding commitment to national economic goals by ensuring that this program is effective and aligned with the broader agenda of currency stabilization,” he stated. The naira-for-crude policy is part…
The Nigerian Shippers’ Council (NSC) has announced plans to establish a comprehensive databank for the maritime sector to enhance operational efficiency, transparency, and informed decision-making. The databank will serve as a centralized repository of information, providing stakeholders with access to critical data on shipping activities, port operations, and trade logistics. According to NSC officials, the initiative aims to address longstanding issues such as information gaps, inefficiencies, and lack of accountability in the sector. The databank will leverage modern technology to provide real-time insights, facilitate data sharing among stakeholders, and support the implementation of policies to improve maritime operations. Speaking on…
The Nigerian Maritime Administration and Safety Agency (NIMASA) has been recognized with the prestigious SERVICOM Award for its commitment to exceptional service delivery. The award acknowledges NIMASA’s efforts in enhancing operational efficiency, stakeholder engagement, and adherence to the principles of transparency and accountability in the maritime sector. At the award ceremony, SERVICOM officials lauded NIMASA for consistently upholding service excellence and implementing reforms that have improved the agency’s responsiveness to public and private sector needs. “NIMASA has set a benchmark in ensuring that its services meet and exceed the expectations of Nigerians,” stated a SERVICOM representative. In his acceptance speech,…
The adoption of advanced technology at Nigeria’s ports has been identified as a crucial step in eliminating corruption and inefficiencies, according to a logistics and maritime expert. Speaking at a recent industry forum, the expert emphasized that digital transformation could streamline port operations, improve transparency, and significantly reduce human interference, which often leads to corrupt practices. Key technologies such as automated cargo tracking systems, electronic payment platforms, and digital documentation are seen as game-changers for the industry. These tools can enhance operational efficiency by reducing delays, simplifying clearance processes, and providing real-time data on cargo movement. The expert stressed that…
Maersk Nigeria has announced the expansion of its operations with the introduction of enhanced services and the inauguration of a new office in Lagos. The development is part of the company’s strategy to strengthen its presence in the Nigerian market and improve its logistics offerings to meet growing demand. The new office, located in a strategic area of Lagos, is equipped to handle a wider range of client needs, including shipping, warehousing, and supply chain management. According to Maersk Nigeria, the expanded services will provide customers with more efficient, end-to-end solutions designed to streamline their operations and reduce costs. Speaking…
Oando Plc has significantly increased its oil production capacity to 30,000 barrels per day (bpd) following the acquisition of Agip’s Nigerian oil assets. The strategic move marks a major milestone for the indigenous energy company, reinforcing its position as a key player in Nigeria’s upstream sector. The acquisition includes key oilfields and infrastructure that have bolstered Oando’s production portfolio. According to company officials, the increased output aligns with its long-term growth strategy and commitment to enhancing Nigeria’s energy security. “This acquisition is a game-changer for Oando, allowing us to double down on our production capabilities and deliver greater value to…
In a bid to alleviate transportation challenges during the festive season, the Nigeria Customs Service (NCS) has announced the auction of seized petrol. The decision comes as part of efforts to stabilize fuel supply and reduce the burden of high transportation costs, which tend to spike during the yuletide period. A spokesperson for the NCS explained that the auctioned fuel, which had been confiscated due to various contraventions, would be made available to licensed depots and distributors across the country. This move is expected to improve fuel distribution and ensure more consistent supply, particularly in areas that face shortages or…
A leading company in the oil and gas sector has launched a training program aimed at equipping young individuals with vital safety skills required in the industry. The initiative, designed to address the growing need for safety awareness and preparedness in the sector, will provide hands-on training in various aspects of oil safety, including hazard identification, emergency response, and environmental protection. The company’s spokesperson emphasized that the training is part of its corporate social responsibility (CSR) efforts to build a safer and more skilled workforce for Nigeria’s oil industry. “Safety is paramount in the oil and gas sector, and we…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that global energy investment reached a record $3 trillion in 2024, with renewable energy playing a pivotal role in driving this growth. The surge in investment reflects a growing global shift towards sustainable energy solutions, with a significant portion of the funds directed toward solar, wind, and other renewable technologies. According to NUPRC, the increase in renewable energy investments is driven by both government policies and private sector commitments to reducing carbon emissions and transitioning to cleaner energy sources. “Renewables are now at the forefront of global energy investments, marking a…
Kaduna Electricity Distribution Company (Kaduna Disco) has pledged to replace outdated and faulty meters in its network to improve service delivery and customer satisfaction. The company stated that the initiative is part of its ongoing efforts to enhance billing accuracy, reduce energy losses, and promote transparency in its operations. A spokesperson for Kaduna Disco explained that the replacement program would focus on upgrading old meters with modern, smart metering systems that provide real-time data and enable more efficient energy management. These new meters are expected to enhance customer experience by eliminating issues such as estimated billing and meter tampering. The…