World Bank approves $750m for Nigeria’s power sector operation

The World Bank has approved a 750 million dollars International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. The Bank, in a statement in Abuja on Wednesday, said that the target was to also achieve financial and fiscal sustainability and enhance accountability in […]

Firm upgrades lecture halls at UNILAG

 Endows $10k prize for best student Platform Capital, a company has renovated and handed over three lecture halls to the Executive MBA programme of the University of Lagos Business School (ULBS). The firm’s Chairman, Dr. Akintoye Akindele, also pledged a $10,000 prize to the best graduating student of the Executive […]

Arthur Mbanefo donates research centre to UNILAG

A former diplomat, Chief Arthur Mbanefo, has donated a research centre fitted with a digital library to the University of Lagos (UNILAG). The facility named the Arthur Mbanefo Digital Research Centre (AMDRC) was bequeathed to the university Friday, last week as part of activities to celebrate the donor’s 90th birthday. […]

Kaduna Refinery generated zero revenue in 2018, incurred 65bn loss – NNPC report

The Kaduna Refining and Petrochemical Limited (KRPC) generated no revenue in 2018, the first audited financial statements of the Nigerian National Petroleum Corporation (NNPC) after 43 years of its operation have shown. Details of the report showed that the refinery, however, incurred an operating loss of N64.5 billion, throwing up concerns […]

Edo Poly wins Canadian govt’s grant for gender, STEAM research

The Edo State Polytechnic, Usen, has won a research grant for an explorative research programme aimed to advance gender equality in Science, Technology, Engineering, the Arts and Mathematics (STEAM). The programme is funded by Canada’s International Development Research Centre (IDRC) and is to be implemented in collaboration with Carleton University […]

COVID-19: Resturant Frankie and Benny’s and Wagamama to close 125 sites as it battles with landlords to reduce rents as a result of pandemic crisis

The Restaurant Group, which owns Frankie and Benny’s, has confirmed plans to close 125 of its sites as it tries to push down rents after the huge hit to the hospitality sector from coronavirus. The company, which counts the Wagamama and Garfunkel’s brands among its 650 restaurants and pubs, plans […]

Gov Uzodinma commence mass housing scheme in Imo

The Governor of Imo State, Hope Uzodinma has said plans are in place to begin Mass Housing Scheme in the state. The governor said the program will being in Imo North and spread to the other two zones of the state.  Uzodinma made the statement when traditional rulers in Imo […]

TCN MD removal threatens power reforms, $1.66bn foreign funding – Forum

The Nigerian Power Consumers Forum, NPCF, has called on President Muhammadu Buhari to immediately direct a reversal of removal of Managing Director of the Transmission Company of Nigeria, TCN, Mr Usman Gur Mohammed, saying the action would threaten $1.66 billion foreign donor fund the company has attracted to expand power […]

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