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Kwara: Energy consumers urged to cooperate with power company
By Olarotimi Oshin An appeal has gone to energy consumers of Baboko Business Unit of Ibadan Electricity Distribution Company in Kwara State to cooperate with staff of the company in order to enable...
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Sanusi won’t leave Apex Bank before June
The prospective exit of the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi later this year has continued to generate controversy and on Thursday, the episode assumed a new dimension as the...
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Electricity workers to picket power station Tuesday
The National Union of Electricity workers will on Tuesday picket all power stations in the country over the non-payment of the severance benefits of their members in the defunct Power Holding Company...
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One government CAN spend wisely: Everyone in Norway becomes a millionaire as...
Norway’s sovereign wealth fund has ballooned so much due to high oil and gas prices that every person in the country became a theoretical millionaire this week. The Nordic nation is proving to be an...
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CBN rolls out new payment systems as Lemo takes a bow
fmr DEPUTY GOVERNOR (OPERATIONS), CENTRAL BANK OF NIGERIA, MR TUNDE LEMO The Central Bank of Nigeria, CBN, on Thursday rolled out a new payment system in the country, as its deputy governor...
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Nigerians to enjoy improved power supply by June – FG
The Federal Government, yesterday, said that there was no going back on its promise to ensure improved power supply across the country by June this year. Speaking at a workshop on the inauguration of...
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Lagos Assembly passes N489.69b budget for 2014 fiscal year
Lagos State House of Assembly, yesterday, approved a total sum of N489. 690 billion as budget for the 2014 appropriation year. The amount is 3.43 per cent lower than the last year’s budget. Out of the...
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Kwara : Budo-eefo community experiences total darkness
By Olarotimi Oshin The Chairman of Budo-eefo Community development Association, a community under Ilorin South, Doctor Adewale Oyeleke has called on state government and power company to come to the...
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Shareholders threaten to sue Cadbury over capital reduction
Some shareholders on Friday threatened to sue Cadbury Nigeria Plc over the company’s plan to embark on share capital reduction. The shareholders, under the aegis of the Progressive Shareholders...
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Oando to extend natural gas distribution in Lagos
The Management of Oando Plc on Friday announced plans to extend its natural gas distribution network from Ijora to the Marina Central Business District of Lagos. Mr Bolaji Osunsanya, Chief Executive...
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Exchange rate: Naira remains firm against the dollar, pound sterling
The Nigerian currency, the Naira, on Friday traded on a stable platform against two major international currencies, the dollar and the pound sterling, as transactions ended for the week. The News...
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Banks’ total profits hit N300.5billion in 6 months
As members of the Nigerian banking public await the 2013 full year financial reports of money deposit banks, which are currently going through the Central Bank of Nigeria’s scrutiny, the apex bank, at...
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Naira appreciates by 400k in parallel market as CBN sells $749m
The naira appreciated by 400 kobo to N169 per dollar at the parallel market last week, even as the Central Bank of Nigeria (CBN) sold $749.84 million through the Retail Dutch Auction System (RDAS)....
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Oando supplies 130 industrial customers electricity in Lagos
FROM LEFT: GROUP MANAGING DIRECTOR, NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC), MR ANDY YAKUBU; MINISTER OF PETROLEUM RESOURCES, MRS DIEZANI ALISON-MADUEKE, AND MANAGING DIRECTOR, PIPELINE PRODUCTS...
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Fed Govt unhappy with TCN manager Manitoba
LEFT: MINISTER OF POWER, PROF. CHINEDU NEBO; GOV. EMMANUEL UDUAGHAN OF DELTA, AND VICE PRESIDENT NAMADI SAMBO AT A BOARD MEETING OF THE NIGER DELTA POWER HOLDING COMPANY IN ABUJA THE Federal Government...
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Dangote to launch 5 new cement plants in 2014
Five cement plants will be completed across Africa by the Dangote Group this year, the company’s President and Chief Executive, Aliko Dangote, has said. The plants now at various stages of construction...
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Ex-PHCN workers protest non-payment of benefits, anti-labour policies
Workers of the defunct Power Holding Company of Nigeria (PHCN) under aegis of the National Union of Electricity Employees (NUEE) Monday in Lagos, Osun and Akwa Ibom States protested the non-payment of...
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Electricity drops over inadequate gas supply
As the federal government celebrates the completion of new power generating plants under the National Integrated Power Projects (NIPPs) and the recent privatisation of the assets of the Power Holding...
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Kebbi Govt. sets up task force to recover N7.1bn unpaid tax
The Kebbi Government on Tuesday said it had constituted a Task Force to recover a N7.1 billion tax owed it by state and federal workers, individuals, parastatals and companies. The Solicitor-General...
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Japan gives AU 320m dollars as conflict, disaster response facility
Japan Prime Minister, Shinzo Abe The Japanese Government has announced an assistance of 320 million dollars to the AU to respond to conflicts and disasters on the African continent. The Japanese Prime...
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