Category Archives: Business

Dangote refinery’ll help Nigeria save $10bn forex

The Minister for Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Sunday that the refinery being built by Dangote refinery in Lagos would help the country save N10bn foreign exchange when completed.

Ahmed, who stated this during a visit to the site of the Dangote refinery, petrochemicals and fertiliser projects at Ibeju Lekki, Lagos, commended the company’s continued investment in the country.

Nigeria, U.S. seek deeper ties as trade volume hits $6.5b

The Nigerian American Chamber of Commerce (NACC) has stated that it would mobilise initiatives to create greater trade deals between Nigeria and the United States, noting that plans are also ongoing to also push for an enabling business environment to reduce Nigeria’s dependence on hydrocarbon resources.

The NACC president, Otunba Oluwatoyin Akomolafe, said the chamber is poised to promoting business relationships between both countries.

Japan unveils world’s first liquefied hydrogen carrier

Japan’s Kawasaki Heavy Industries has launched the world’s first liquefied hydrogen carrier at it’s Kobe Works yard.

The Maritime Executive reported that the Suiso Frontier was designed to provide a means of transporting liquefied hydrogen at 1/800 of its original gas-state volume, cooled to –253°C. Kawasaki plans to install a 1,250m3 vacuum-insulated, double-shell-structure liquefied hydrogen storage tank, currently being manufactured at Harima Works, on the ship. The vessel’s construction is expected to be complete by late 2020.

NEITI Unveils Owners of Mining licences In Nigeria

The Nigeria Extractive Industries Transparency Initiative on Thursday unveiled the extractive sector beneficial ownership register for Nigeria.

NEITI’s Executive Secretary, Waziri Adio, said the register was to enthrone transparency in the extractive sector in particular and the country in general.

Ascend Educational Fund Awards For International Students – Study In USA 2020

Ascend Educational Fund is a group of professionals dedicated to providing educational scholarships and mentorship to help our community reach its full potential and fulfill its promise.

Ascend Educational Fund awards scholarships ranging from $2,500 to $20,000 to immigrant students and children of immigrants who are graduating from a New York City high school to attend public or private colleges and universities, regardless of ethnicity, national origin, or immigration status.

Pelikin CEO Interview: We Plan to Reach 30k Users by the End of 2020

In a recent interview with, Pelikin CEO and Founder Sam Brown explained they are helping Australian travelers to handle their funds while exploring the world. At the same time, he mentioned they want to reach 30,000 members by the end of 2020.

North American Smart Home Market to Reach $49.5 Billion by 2023

North American Smart Home Market to Reach $49.5 Billion by 2023

With more than 40 million installed smart home systems at the end of this year, North America is the most advanced smart home market in the world. According research, a strong upward trend is expected to continue in the following years, with market revenue reaching $49.5 billion by 2023.

70% of the U.S. Population is Now Active on Facebook

According to a recent report released by the financial news portal, over 70% of the U.S. population has a Facebook account. Facebook is also increasing the number of users monthly, showing the interest for this platform remains among the population. Other social media platforms are also growing but remain far behind Facebook.

2020 Agnes Paykel Scholarship At University Of Auckland, New Zealand

Are you an International student willing to study in New Zealand? The University Of Auckland, New Zealand is offering the Agnes Paykel Scholarship to high achieving applicants who are willing to undergo a degree program at the Institution.

The main purpose of the Scholarship is to support a full-time doctoral student in the Liggins Institute engaged in basic or clinical research.

Sterling Bank gets PETAN’s recognition

Sterling Bank Plc says it won the Local Content Bank of the Year 2019 Award of the Petroleum Technology Association of Nigeria in recognition of its outstanding contribution to the growth of indigenous companies in the oil and gas industry.

A statement said, PETAN is an association of indigenous technical oilfield service companies operating in the upstream and downstream sectors of the Nigerian oil and gas industry.