Clik here to view.
Electricity tariff to go up from June 1
There is bad news for electricity consumers. Tariff is set to go up from June 1, followingthe review of the Multi Year Tariff Order (MYTO) for 2014. Nigerian Electricity Regulatory Commission (NERC)...
View ArticleClik here to view.
FG unfolds plan to build largest gas industrial park in Africa
In its commitment to boost gas processing in Nigeria, the federal government yesterday said it had put machinery in place to construct the first and largest multi-billion dollar gas industrial park in...
View ArticleClik here to view.
Nigerians Get New Electricity Tariffs
From June 1, some electricity consumers will pay far lesser than what they are currently paying for fixed charges and energy consumption. A few others, according to the Nigerian Electricity Regulatory...
View ArticleClik here to view.
FG moves to boost gas supply to domestic market
The federal government is planning to construct the longest pipeline in the country from Calabar via Ajaokuta to Kano State, as part of efforts to ensure adequate supply of gas to meet the growing...
View ArticleClik here to view.
CBN directs banks to upgrade chief compliance officers
The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) and discount houses in the country to ensure that no chief compliance officer (CCO) is below the grade of a general manager...
View ArticleClik here to view.
CEMENT: Other producers grumble as FG adopts Dangote’s high standard
To say that the last four months have been sleepless nights for local cement producers is no exaggeration. Dangote Cement Plc is controlling over 60 percent of the market shares with 20 million metric...
View ArticleClik here to view.
Great expectations as Emefiele’s tenure begins
The Nigerian financial industry will enter a new phase this week as both local and international economic communities await the inauguration of the new Central Bank of Nigeria Governor, Mr. Godwin...
View ArticleClik here to view.
Africa loses $242bn to tax exemption yearly — Oxfam
The Executive Director, Oxfam International, a non-governmental organisation (NGO) Ms Winnie Byanyima says Africa loses $242 billion to corporate income tax exemption and unpaid taxes by companies...
View ArticleClik here to view.
Labour threatens to mobilise workers against hike in electricity tariff
The Trade Union Congress of Nigeria (TUC) has expressed disappointed over the plans by the Nigerian Electricity Regulatory Commission to increase electricity tariff from June 1, 2014. The Congress...
View ArticleClik here to view.
Accumulate reserves as buffer against external shocks, experts advise CBN
As the new Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, settles down for business, some experts in the financial services sector have urged the bank to accumulate reserves as a...
View ArticleClik here to view.
BPE: Nigeria has spent N370.8bn on settlement of PHCN workers
The federal government yesterday said it had spent N370.8 billion on the payment of severance allowances to workers of the defunct Power Holding Company of Nigeria, PHCN. Martina Omojola, the Deputy...
View ArticleClik here to view.
Alison-Madueke: Nigeria no longer has tangible oil trade with US
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has stated that Nigeria no longer has any tangible trade in crude oil with the United States of America, following the shale oil boom...
View ArticleClik here to view.
CBN to pursue gradual reduction in interest rates – Emefiele
The Central Bank Governor (CBN), Mr Godwin Emefiele, on Thursday assured Nigerians that the apex bank would focus on gradual reduction in interest rates under his leadership. Emefiele gave the...
View ArticleClik here to view.
NNPC expands crude lifting contracts list
The Nigerian National Petroleum Corporation (NNPC) has added Chinese and Indian oil companies to an expanded list of companies awarded yearly crude oil term lifting contracts for 2014 and 2015. By this...
View ArticleClik here to view.
‘Four sectors could contribute $800bn to Nigeria’s GDP by 2030’
Four sectors namely agriculture, trade, manufacturing and infrastructure could contribute about $800 billion to Nigeria’s current gross domestic product (GDP) of $510 billion by 2030. This was...
View ArticleClik here to view.
Senate Committee warns against misuse of $500m Chinese loan
The Senate Committee on Aviation yesterday warned against attempts to misappropriate the $500 million loan obtained by the federal government for the completion of ongoing projects in the nation’s...
View ArticleClik here to view.
Ibadan Electricity staff lament shortage of staff, logistics in Ilorin
By Olarotimi Oshin The Kwara State office of the Ibadan Electricity Distribution Company has lamented shortage of staff and non-availability of logistics. A top officer of the company, who spoke with...
View ArticleClik here to view.
Ajaokuta Steel Company: Kogi writes delegates
By Abdullahi Ibrahim The Kogi State Government has urged the National Conference to prevail on the Federal Government to complete the Ajaokuta Steel Complex, which it described as the worst case of an...
View ArticleClik here to view.
FG plans to concession railway facilities to boost Foreign Direct Investment
The Federal Government has stated its plans to concession railway facilities on completion to capable private concerns which will boost Foreign Direct Investment (FDI). To this end, the government has...
View ArticleClik here to view.
NLC accuses NERC of arbitrary increase in electricity tariffs
The Nigeria Labour Congress (NLC) yesterday said the Nigerian Electricity Regulatory Commission (NERC) had arbitrarily increased electricity tariffs in the country without duly consulting consumers....
View Article