All posts by Ottoabasi Abasiekong

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  Glut and Dumping in Cement Sub-Sector worries Analysts

    Following increased importation of cement into the country , which has adversely affected  the sub-sector operations, investor confidence in the market has been on the negative trend as investigations revealed a2.23 percent  average loss in the...

  • Posted December 13, 2012
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  Finance Minister Accused of Under Budgeting for 2013 Subsidy

  Oil marketers have accused the Minister of Finance, Mrs. Ngozi Okonjo-Iweala of deceit, adding that the minister told them that the N888bn used to pay subsidy on fuel would be adequate. The oil marketers said they had...

  • Posted December 13, 2012
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  Governors to meet National Assembly and Finance Ministry over Foreign Loans

  As the Ddbate over foreign loans continues in the country, the thirty-six State Governors are poised to approach National Assembly legislators  and officials of the Federal Ministry of Finance on pertinent issues surrounding the loan proposal. During...

  • Posted December 12, 2012
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  FG Says 700MW Zungeru Hydro Plant Will be Complete in 48 months

  As the Federal Government continues its drive and determination to solve the power supply challenge in the Nation,  one of the Hydro Power plants which is to produce 700mw of electricity for the country has been primed...

  • Posted December 12, 2012
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  Nigeria to benefit from Chevron’s $33 billion Investment

  As part of its new drive to push development and aid the acceleration of economic growth in the countries in which it has major, American  Oil major  Chevron also plans to invest big time in Nigeria. This...

  • Posted December 11, 2012
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  Chinese Firm to Assist SON in Tackling the Menace of Fake Products

  In its quest to restore values and sanity to the importation of goods into the market in Nigeria, the Certification bearer the Standards Organization has received a major boost by entering into a strategic partnership with a...

  • Posted December 11, 2012
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  Interconnectivity Rates for Telecoms to Drop

  The over 100 million active mobile subscriber base in Nigeria, are set to enjoy new reduced and affordable call rates between telecommunications networks. This comes at a time the Regulatory body for the Mobile Telecommunications Industry the...

  • Posted December 11, 2012
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  House of Reps Saddened at the State of Nigerian Roads

  The deplorable state of Nigerian Roads  has caught the attention of the members of the House of Representatives of the Federal Republic of Nigeria. This comes weeks after various reports from the Media have revealed that there...

  • Posted December 11, 2012
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  SURE-P Chairman denies allegations of Corruption

  At a time when the administration of President Goodluck Jonathan has received several knocks in the way it has handled the issue of the  petroleum sector, subsidy and the operations of the power sector , the Chairman...

  • Posted December 10, 2012
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  US and NERC to Collaborate on Enhancement of Gas-Powered electricity

    In a bid to ensure that the Gas-powered electricity in the country is attainable,  the United States Government has  indicated it will partner with the National Elecrtric Regulatory Commission (NERC) to boost the potentials of the...

  • Posted December 10, 2012
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