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All posts by BusinessNews Staff

  • Anxiety as FG begins electricity tariff review, consultations

    It is 21 months since the Nigerian Electricity Regulatory Commission (NERC) last reviewed the Multi Year Order (MYTO). Daily Trust reports that consultations for the review of the MYTO 2015 activated since February 2016 began Wednesday across...

    • Posted September 18, 2017
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  • LCCI applauds FG over concessioning of Lagos, Abuja airports

    Lagos Chamber of Commerce and Industry (LCCI) has applauded the Federal Government over the concessioning of  the Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja, saying that the move will further incentivise private investment in the...

    • Posted September 18, 2017
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  • Electricity: 11 distribution firms reject 7,308mw in 8 days

    A total of 7,308 megawatts (mw) of electricity was rejected by the 11 Distribution Companies (DisCos) in eight days of August 2017, industry records have shown. Daily operational statistics obtained from the Transmission Company of Nigeria (TCN)...

    • Posted September 15, 2017
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  • CBN to tame inflation, cut interest rate – Emefiele

    The Central Bank of Nigeria (CBN) will continue to explore further avenues to ensure that interest rates are supportive of domestic production needs. These were the assurances of the CBN Governor, Godwin Emefiele, in his opening remark...

    • Posted September 14, 2017
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  • Controversy trails concession of Lagos, Abuja airports

    Divergent reactions have started trailing the concessioning of the Murtala Muhammed International Airport and Nnamdi Azikiwe International Airport, two of four major airports in the country. The Federal Government gave the approval as announced on Monday by...

    • Posted September 14, 2017
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  • Nigeria earned N506bn from international trade in Q2 – NBS

    Nigeria made a total profit of N506.5 billion from international trade in the second quarter of 2017, down from N719.4 billion recorded in the first quarter of the year. The Foreign Trade in Goods Statistics for the...

    • Posted September 14, 2017
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  • Two new speed trains for launch on Abuja-Kaduna route October

    Barring any technical hitches, the Nigerian Railway Corporation (NRC) will in October deploy the two new speed locomotives it acquired for the Abuja-Kaduna standard gauge train service. The locomotives, which arrived Lagos July 25, 2017 arrived Idu,...

    • Posted September 13, 2017
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  • SME loans: Collateral, registration still hurdles in 980 MFBs

    Just like the deposit money banks, operators of Small and Medium scale Enterprises (SMEs) may still be having difficulty accessing funds from the Micro Finance Banks (MFBs), the Daily Trust reports. The key challenges, according to some...

    • Posted September 13, 2017
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  • Air safety: NAMA assesses competency of information officers

    The Nigerian Airspace Management Agency (NAMA) has commenced a comprehensive competency appraisal of all Aeronautical Information Services (AIS) Officers in all airports across the country. The exercise which is targeted at testing AIS officers in areas such...

    • Posted September 12, 2017
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  • FG establishes N27bn debts, N63bn claims unverified on bills MDAs owe

    The Minister of Power, Works and Housing, Babatunde Fashola, has said the federal government through verification could only establish N27 billion from the claims of over N90bn submitted by Distribution Companies (DisCos) as Federal Ministries, Departments and...

    • Posted September 12, 2017
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