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Nigeria defeats European tech firm...

Nigeria defeats European tech firm in $6.2m...

U.S law firm begins legal...

U.S law firm begins legal procedure to...

Nigeria defeats European tech firm in $6.2m arbitration over e-procurement project

Nigeria defeats European tech firm in $6.2m arbitration over e-procurement project Nigeria has secured a major legal victory after an arbitral tribunal dismissed a $6.2 million claim filed by European Dynamics UK Ltd against the Bureau of Public Procurement (BPP). The dispute arose from a national electronic Government Procurement (e-GP) project financed with support from the World Bank. The contractor had sought about $2.4 million for alleged milestone completions, $3 million in general damages, and an additional $800,000 in settlement claims. The arbitration was presided over by sole arbitrator Mrs. Funmi Roberts...

Geregu Power Plc...

Geregu Power Plc set to become first power firm to list on Nigerian exchange Story from Abah ADAH, Abuja All is now set for Geregu Power...

Firm empowers 20...

Firm empowers 20 female dairy farmers with smart phones in Oyo A development and agricultural technology company, TECH4AG has empowered 20 female dairy farmers...

Minister affirms Nigeria’s...

Minister affirms Nigeria's huge mining investment prospect as UK firm shows interest Story from Abah ADAH, Abuja Nigeria's Minister of Mines and Steel Development Arc Olamilekan...

Court orders forfeiture...

A Federal High Court in Lagos has ordered forfeiture of $3,719,855.94 (about N1,522,388,242.00) found in the bank account of Enerbett International Ltd to the...

Chinese firm affirms...

Story from Sunday OGWUCHE, Abuja A Chinese multinational technology company, Huawei Technologies (Nigeria) Ltd has stated that its technology solutions have the capacity to boost...

Prince Charles did...

Prince Charles did not ‘cut off’ Prince Harry’s funding when he left ‘The Firm’ with Meghan Markle last year, reports have claimed. During the tell-all...

European firm develops...

Story from Kenneth AFOR, Lagos Premetics, a Europe-based firm has developed the world's fastest COVID-19 test kit, which could give result in 15 minutes for...

Jack Ma’s fintech...

Ant Financial Services Group, the fintech subsidiary of Jack Ma’s Alibaba Group, is set for an Initial Public Offering (IPO) on both the Hong...

US sues Chinese...

A Chinese company sued for selling nearly half a million fake and substandard respirators to US buyers in April is not a certified maker...
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