The chief Monopoly Dangote Blackstone to invest N825 billion on power, transmission and pipeline projects

Dangote Industries and Blackstone today announced a commitment to jointly invest up to $5 billion (N825 billion) over the next five years in energy infrastructure projects across Sub-Saharan Africa with a particular emphasis on power, transmission and pipeline projects. The investment is facilitated by Black Rhino, a portfolio company of Blackstone Energy Partners and affiliated…

He is a devil: Okorocha accused of giving church N50m dud cheque for re-roofing Maria Assumpta Cathedral, Owerri

  BY CHIDI NKWOPARA, OWERRI. Governor Rochas Okorocha has again come under fire as a fiery Catholic cleric, Rev. Fr. Ejike Mbaka, has accused him of giving a N50 million dud cheque to the Catholic Archbishop of Owerri Ecclesiastical Province, His Grace, Dr. Anthony J.V. Obinna. Mbaka told the congregation that Okorocha allegedly gave the…

Gunmen kidnap Bayelsa speaker’s brother

By FEMI FOLARANMI, Yenagoa…No cause for alarm –Police Gunmen yesterday kidnapped the younger brother of the Speaker of Bayelsa State House of Assembly, Mr. Konbowei Benson. The younger Benson identified as Iniokpoemi, was kidnapped at the family’s country-home in Korokorosei, Southern Ijaw Local Government Area of Bayelsa State. Before the kidnap of the younger Benson, the…

Govt gives $1b to boost gas supply

Gas supply has got a $1billion boost, in the country, with the Federal Government approving the cash for the Niger Delta Power Holding Company (NDPHC). It is all in a bid to push up electricity generation. NDPHC Managing Director James Olotu broke the news at the end of a meeting chaired by Vice President Namadi…