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All posts by BusinessNews Staff

  • IPP: FG targets marginal fields for gas

    The Federal Government is looking up to the operators of marginal fields for gas supply to power a number of completed power projects currently bogged down by gas supply challenges. Last month, the Presidency met with investors...

    • Posted November 21, 2014
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  • Stakeholders harp on ICT gains, development at eNigeria 2014

    Stakeholders who gathered at this year’s ongoing eNigeria Forum in Abuja, have listed the gains and development that Information and Communications Technology (ICT) has brought to Nigeria in the last few years. With the theme: ‘Creating Market...

    • Posted November 21, 2014
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  • CBN signs N213bn agreement with power sector players

    The Central Bank of Nigeria (CBN) and key players in the power sector, including gas suppliers, electricity distribution and generation companies, among others, on Tuesday signed a N213 billion definitive agreement to begin the implementation of the...

    • Posted November 20, 2014
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  • Confidence in Nigerian Stock Market attracts UK Government

    The growing confidence in the Nigerian stock market engendered by various reforms in the sub-sector as well as the economy has attracted the attention of the United Kingdom. This has led to the signing of an agreement...

    • Posted November 20, 2014
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  • Oil slump: Revenue allocation drops by N10.1bn

    The Federation Accounts Allocation Committee For allocation on Tuesday shared the sum of N593.34bn among the three tiers of government for the month of October. This represents a decline of N10.19bn over the N693.53bn shared in the...

    • Posted November 20, 2014
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  • Power: Elumelu proposes Genco, Disco ownership of transmission network

    The Chairman of Transcorp and Heirs Holdings, owners of the Transcorp Ughelli Power Plant, Mr. Tony Elumelu, has asked the federal government to consider privatising the Transmission Company of Nigeria (TCN) and allowing generation and distribution companies...

    • Posted November 20, 2014
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  • Commission seeks tougher sanctions for issuers of dud cheques

    The Nigerian Law Reform Commission (NLRC) has called for tougher sanctions for issuers of dud cheques. The chairman of the commission, Professor Oserheimen Osunbor, who made this call at a workshop on the reform of the Dishonoured ...

    • Posted November 20, 2014
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  • Power firms can raise funds from market – Nebo

    The 11 power distribution companies and six generation companies have been empowered by the Electric Power Sector Reform Act to go into the capital market or financial institutions to raise necessary funds for their operations, the Minister...

    • Posted November 20, 2014
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  • Emefiele for national credit reporting conference

    The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, will on Wednesday (today), declare open the second National Credit Reporting Conference. The conference is being organised by the Business Development & Investment Limited in conjunction with the...

    • Posted November 20, 2014
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  • Local content office begins operations soon — Jonathan

    The National Content Office being established by the Federal Government to oversee the integration of local content in the nation’s Information and Communications Industry will soon begin full operation. President Goodluck Jonathan disclosed this in his address...

    • Posted November 20, 2014
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