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All posts tagged "anonymity"

  • Stockbrokers blame depreciation in shares prices on CRR review

    Stockbrokers in the nation’s capital market have attributed the recent down turn in the market to the review of Cash Reserve Ratio, CRR, by the Central Bank of Nigeria. The CBN had about two months ago reviewed...

    • Posted September 14, 2013
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  • Domestic airlines to increase air fares

    Rattled by sundry government’s charges and soaring aviation fuel price, domestic airlines are planning to raise their airfares to avert going bankrupt, airlines sources have said. The accounts of virtually all the domestic airlines are currently in...

    • Posted September 2, 2013
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  • Mass sack imminent, as new owners take over PHCN

    The sack of over 20,000 or 37 per cent of the estimated 54,000 workers of the Power Holding Company of Nigeria (PHCN) became imminent at the weekend, as the Federal Government insisted that it would hand over...

    • Posted August 14, 2013
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  • Power supply to Lagos drops by 67%

    Power supply from the national grid to Lagos has dropped by 67 per cent. The drop on Sunday followed a drastic reduction in power generation from 3,367.20MW on Friday to 2,628MW on Saturday. Some officials of the...

    • Posted August 13, 2013
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  • SEC crippled by zero allocation, can’t pay salaries

    The refusal of the National Assembly to approve the 2013 budgetary allocation of the Securities and Exchange Commission is taking a heavy toll on the finances of the organisation. Investigations by our correspondent on Wednesday showed that...

    • Posted April 19, 2013
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  • Independent marketer blames NNPC for kerosene scarcity

    An authoritative source has said that kerosene was scarce in the country because the Nigerian National Petroleum Corporation (NNPC) was the sole importer of the product. The source, a notable independent marketer of petroleum products, who, however,...

    • Posted April 13, 2013
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  • PHCN abandons surveillance helicopters at Lagos airport

    Indications emerged on Wednesday that the Power Holding Company of Nigeria had abandoned four helicopters worth millions of dollars at the Murtala Muhammed Airport, Lagos. Investigations by our correspondent revealed that the German-made Bolkow 105 helicopters had...

    • Posted March 7, 2013
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  • Closed market: We’re losing N100bn daily – Ladipo traders

    TRADERS in the popular Ladipo auto parts market closed down, yesterday, by Lagos State Government on Monday have started counting their losses, saying they are losing at least N100 billion daily. Traders who spoke to Vanguard yesterday,...

    • Posted February 27, 2013
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