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  • Power firms seek 21% rise in commercial tariff

    After proposing an average increase of 49.4 per cent in electricity tariffs for residential customers last week, power distribution companies in the country are now seeking a hike in the tariffs payable by commercial consumers by 21...

    • Posted October 22, 2015
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  • TSA: ECOWAS offers to work with Nigeria, others

    The Economic Community of West African States has offered to work with Nigeria and other member countries to secure the databases of their Treasury Single Accounts as well as other strategic databases. The Commissioner for Telecommunications and...

    • Posted October 22, 2015
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  • NNPC adopts ‘20 fixes’ to reform operations, improve profitability

    The Nigerian National Petroleum Corporation (NNPC) has adopted what it described as “20-fixes” with which it hopes to reform its operations, guarantee profitability and perhaps run a transparent national oil company. NNPC through the “20-fixes” which are...

    • Posted October 22, 2015
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  • FBN Capital hosts 5th Annual Investor Conference

    FBN Capital Limited, the Investment Banking and AssetManagement subsidiary of FBN Holdings Plc, has concluded arrangements to host key stakeholders at the 5th edition of its annual investor conference. The conference would take place on 27th of...

    • Posted October 22, 2015
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  • FG promises to increase revenue from maritime sector

    A significant opportunity exists for the federal government to increase its revenue generation in the maritime industry and there are plans in the works to ensure this, the Vice-President, Prof. Yemi Osinbajo, has said. He made this...

    • Posted October 22, 2015
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  • SON harps on increased consumer awareness to combat influx of substandard goods

    The Standard Organisation of Nigeria (SON) has stated the need to increase the level of ‎consumer awareness on the dangers of patronising substandard goods as a way of addressing the menace. Director General, SON, Dr. Joseph Odumodu...

    • Posted October 21, 2015
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  • Buhari restates commitment to steady power supply to SMEs

    President Muhammadu Buhari has reiterated the commitment of his government to ensure that the country’s electricity sector would eventually drive the promising growth trajectories of small and medium scale enterprises (SMEs) in the country. Buhari, who spoke...

    • Posted October 21, 2015
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  • Osinbajo intervenes in power firms’ crisis

    Vice President Yemi Osinbajo is currently intervening in the seeming crisis rocking the power sector in order to prevent the declaration of force majeure by electricity distribution companies that are seriously agitating for an increase in tariff....

    • Posted October 21, 2015
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  • NERC to release new electricity tariffs by end of October

    The Nigerian Electricity Regulatory Commission (NERC) has said the new electricity tariffs proposed by the distribution companies for approval by the regulatory agency would be ready for implementation by the end of October. The agency at its...

    • Posted October 21, 2015
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  • Ex-depot price of petrol rises amid slump in crude oil price again

    Barely few weeks after the ex-depot price of petrol dropped with most marketers selling at government’s official price of N77.60 per litre, the price has risen again, notwithstanding the slump in the international market price of crude...

    • Posted October 21, 2015
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  • Stocks rebound, erase last week’s N114bn loss

    Stocks on the Nigerian Stock Exchange rallied on Monday to lift the market capitalisation of the listed equities by N132bn or 1.29 per cent from N10.253tn to N10.385tn, erasing last week’s loss. Across the five trading sessions...

    • Posted October 21, 2015
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  • Transport union plans mega filling stations

    The National Union of Road Transport Workers, Lagos Council, is worried about the intermittent fuel crisis in the country, which often disrupts the operation of its members and the economy of the nation. It has, therefore, commenced...

    • Posted October 21, 2015
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  • Nigeria lost $1.1bn to lack of transparency – Malabu

    A lack of beneficial ownership transparency in the oil and gas industry led to the loss of $1.1bn to a single deal by Nigeria, an international watchdog, Global Witness, has said in a new report. The report...

    • Posted October 21, 2015
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  • Goods clearance at Lagos ports requires 110 signatures – Manufacturers

    Manufacturers in the country have said that the process of clearing cargo at the two major seaports in Lagos requires a combination of 110 signatures. According to them, before a manufacturer can get his raw materials out...

    • Posted October 21, 2015
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