Canada-wide freight rail stoppage looms this week as two firms issue lockout notices

Category: Procurement News

Failing last-minute deals, both Canadian National Railway and Canadian Pacific Kansas City plan to lock out workers from the early hours of Thursday....

AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock

Category: Procurement News

Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial...

Union Bank Reports 20% Growth In PBT H1, 2023 Despite CBN’s Intervention

Category: Procurement News

Despite the challenging environment following the Central Bank of Nigeria’s intervention in January 2024, which led to heightened customer concerns, Union...

Reports on Matrix Energy’s alleged substandard fuel importation from Malta, Russia sponsored by Nigerian billionaire — Sources

Category: Procurement News

Following a report that broke out Friday on alleged importation of substandard petroleum products from Malta by Matrix Energy Group,  DAILY NIGERIAN...

We’ve saved Nigeria billions of Naira through efficient cargo movement — Shippers’ Council

Category: Procurement News

The Executive Secretary of the Nigerian Shippers’ Council, NSC, Pius Akutah, said it has saved Nigeria from spending billions of Naira by performing its...

How Senate deputy president, principal officers got multi-billion naira constituency projects in 2024 Budget

Category: Procurement News

Constituency projects, otherwise known as ZIP, were initiated during the administration of former President Olusegun Obasanjo to address the infrastructure...

FG Takes Delivery of N‎150 Billion Airbus A330 Presidential Jet as It Lands In Abuja

Category: Procurement News

The aircraft touched down at Abuja airport on Sunday evening, after departing from EuroAirport Basel-Mulhouse-Freiburg in France at 4:16 pm....

Nigeria now aims to raise $2 billion in Domestic Dollar Bond Sale

Category: Procurement News

Nigeria is targeting as much as $2 billion through the issuance of dollar-denominated bonds to domestic investors in the West read more Nigeria now aims to...

Assessing New Regulatory Intervention In Forex Management

Category: Procurement News

In managing the unrelenting liquidity pressures at the foreign exchange market, the Central Bank of Nigeria (CBN) resuscitated the Retail Dutch Auction System...

EXCLUSIVE: Ex-First Bank official accuses billionaire Oba Otudeko of massive fraud

Category: Procurement News

Mrs Ezenwa alleges that unsecured loans of roughly N12 billion were given to a company in which Mr Otudeko has significant investment even though the facility...

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