Don't Miss


All posts by BusinessNews Staff

  • Dangote opens Zambian Cement Plant, says four more to come in 2015

    Dangote Group on Tuesday inaugurated its 1.5 million metric tonnes per annum (mmtpa) capacity cement plant valued at $400 million with a  30 megawatts coal plant  to power the factory. The  project was  inaugurated by Zambia President...

    • Posted August 6, 2015
    • 0
  • Naira weakens to N229/$ as dealers hold on to USD

    The naira reversed its gains against the US dollar on the parrallel market yesterday following the decision of many currency traders to hold on to the green back currency as a result of what they term conflicting...

    • Posted August 6, 2015
    • 0
  • Refineries to operate at 90% capacity after TAM – NNPC

    The General Manager, Services, of the Nigerian National Petroleum Corporation (NNPC), Mr. Abubakar Muhammed,  has said the nation’s four refineries would operate at 90 per cent capacity on completion of the ongoing Turn Around Maintenance (TAM). Muhammed...

    • Posted August 6, 2015
    • 0
  • NERC to penalise Discos that reject power allocations

    The Nigerian Electricity Regulatory Commission has issued an order imposing financial penalties on any electricity distribution company that rejects power allotted it by the system operator. This, it said, was especially when there was no notification ahead...

    • Posted August 6, 2015
    • 0
  • Ikeja Electric to upgrade substation

    Residents of parts of Lagos will experience power disruption for nine days as Ikeja Electric upgrades the Ijaiye 11kV injection substation located at Ijaiye/Ojokoro in the state. The company, in a statement signed by its Head of...

    • Posted August 6, 2015
    • 0
  • Food security: Female farmers advocate price control

    Women farmers in Osun State have appealed to Governor Rauf Aregbesola to introduce price control mechanism for agricultural produce in order to encourage more investment in farming and ensure food security. The farmers said this in Osogbo...

    • Posted August 6, 2015
    • 0
  • Seplat Petroleum seeks domestic energy security

    The London-listed Seplat Petroleum Development Company (SPDC) Plc has stated that domestic energy security was key to Nigeria’s future development, stressing that this could be achieved in the next five years. Speaking on Tuesday in Lagos at...

    • Posted August 6, 2015
    • 0
  • Oliseh to ring closing bell at Nigeria Stock Exchange

    New Super Eagles boss, Sunday Oliseh, is scheduled to ring the closing bell of the Nigeria Stock Exchange in Lagos next Monday. The former national team captain, will carry out the function, during a special visit which...

    • Posted August 5, 2015
    • 0
  • NERC woos manufacturers on embedded generation

    The Nigerian Electricity Regulatory Commission (NERC) has expressed its desire for the members of the Manufacturers Association of Nigeria (MAN) to drive its plan to grow investments in embedded and captive electricity generation in Nigeria. NERC said...

    • Posted August 5, 2015
    • 0
  • Marketers defy DPR, sell petrol above official prices

    Despite last Wednesday’s announcement by the Department of Petroleum Resources (DPR) that it had set up a task force to supervise and monitor the sale of petrol in some depots, some major and independent marketers have continued...

    • Posted August 5, 2015
    • 0