All posts by BusinessNews Staff

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  Eko Electricity to add 474MW from embedded generation

  As part of its continued efforts to ensure that customers enjoy improved and reliable power distribution within its network, Eko Electricity Distribution Plc (EKEDP) has concluded a pioneering plan to acquire up to 474 megawatts of electricity...

  • Posted June 17, 2015
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  Banks in Nigeria are healthy – NDIC

  The Nigeria Deposit Insurance Corporation (NDIC) Monday stated that banks operating in the country are healthy and are in line with global standard. It also said that it monitors activities of banks in the country. The Deputy...

  • Posted June 17, 2015
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  Airtel rolls out high-speed Wi-Fi service

  Airtel Nigeria has introduced ultra-high speed Wi-Fi service to enhance customer data experience in Lagos. The telecoms company said the introduction of the ultra-high speed Wi-Fi was in line with its commitment to providing exceptional mobile Internet...

  • Posted June 17, 2015
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  Shell, Chevron conclude sale of four oil blocks

  Shell, Chevron and their joint venture partners have finally concluded the sale of their stakes in Oil Mining Leases (OMLs) 71, 72, 83 and 85 to a Nigerian independent company – First Exploration & Petroleum Development Company...

  • Posted June 17, 2015
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  CSOs urge Buhari, NASS to pass PIB in first 100 days

  Rising from extensive deliberations on the state of affairs in the oil and gas sector, a coalition of Civil Society Organisations (CSOs) have asked Buhari and members of the eight national assembly to pass the Petroleum Industry...

  • Posted June 17, 2015
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  Mobile Number Portability scheme faces new challenge

  Mobile Number Portability refers to the change of network by a subscriber while retaining his/her number. It is a way of restoring the customer’s status. Therefore, if one switches between service providers, he or she does not...

  • Posted June 17, 2015
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  Heritage Bank restates commitment to cashless policy

  The Managing Director/Chief Executive Officer, Heritage Bank Limited, Mr. Ifie Sekibo, has said the bank will continue to support the Central Bank of Nigeria’s cashless policy drive. According to him, the continuous growth being witnessed in the...

  • Posted June 17, 2015
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  NERC to revoke idle electricity licences

  The National Electricity Regulatory Commission on Monday disclosed that it had started the process of revoking licences awarded to power generation companies but which had failed to meet the terms and milestones specified in their licences. The...

  • Posted June 17, 2015
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  Buhari should take control of IT sector – NITDA

  President Muhammadu Buhari has been urged to take control of Nigeria’s Information Technology sector. This, according to the Director-General, National Information Technology Development Agency, Mr. Peter Jack, is because the IT sector can comfortably serve as a...

  • Posted June 17, 2015
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  GSK shareholders get dividend, bonus shares

  GlaxoSmithKline Consumer Nigeria  Plc has rewarded its shareholders with cash dividend of N717.5 million and bonus issue of one new share for every four shares for the year ended December 31, 2014. The dividend and bonus issue...

  • Posted June 17, 2015
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