All posts tagged "featured"

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  FG pays 70 construction companies N63.12bn – Fashola

  The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Friday said the Federal Government had paid 70 construction companies the sum of N63.12bn for works done in the first quarter of 2016. He said the...

  • Posted July 31, 2016
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  Rising interest rate will worsen Nigerian banks’ woes – Fitch

  Nigerian banks are likely to face more challenges as the nation’s benchmark interest rate continues to rise, global credit rating agency, Fitch Ratings, has said. The Central bank of Nigeria’s Monetary Policy Committee had on Tuesday increased...

  • Posted July 31, 2016
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  Manufacturers groan over high exchange rate, epileptic power

  The National President of the Manufacturers Association of Nigeria, Dr. Udemba Jacobs, and the Chairman of its Ogun State Chapter, Dr. Wale Adegbite, have identified high exchange rate, epileptic power supply among others, as being responsible for...

  • Posted July 31, 2016
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  FIRS seals Abuja firms over N100m tax debt

  The Federal Inland Revenue Service on Thursday sealed the premises of two firms operating in Abuja for failing to pay their tax liabilities amounting to N100.85m Eurobond Construction Company Limited, according to the FIRS, had an outstanding...

  • Posted July 30, 2016
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  MTN to list on NSE, appoints transaction advisers

  MTN Nigeria on Thursday said that as part of a settlement arrangement with the Federal Government following its fine, it had taken steps to ensure the listing of its shares on the Nigerian Stock Exchange next year,...

  • Posted July 30, 2016
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  Bulk trader, others owe power generation firms N140bn

  Electricity generation firms in the country have put the debts owed them by the Nigeria Bulk Electricity Trading Plc and other industry stakeholders at over N140bn. The Gencos said from the pre-transitional stage of the electricity market...

  • Posted July 30, 2016
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  Shell’s production in Nigeria drops by 41%

  Global oil giant, Royal Dutch Shell, on Thursday said its liquids production available for sale in Nigeria plunged by 41 per cent in the second quarter of this year. Shell announced a 72 per cent drop in...

  • Posted July 30, 2016
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  MPR: Banks raise interest rates on existing loans

  Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest rates on all outstanding loans. The development followed Tuesday’s increase of...

  • Posted July 30, 2016
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  Buhari orders immediate repair of Abuja airport runway

  President Muhammadu Buhari has given an order for the immediate repair of the failed portions of the runway of the Nnamdi Azikiwe International Airport, Abuja, the Minister of State for Aviation, Senator Hadi Sirika, has said. This...

  • Posted July 29, 2016
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  Marketers sell kerosene, black oil mixture as diesel

  As the scarcity of kerosene continues to hit many households in the country, some fuel marketers are mixing the product with black oil to get Automotive Gas Oil, popularly known as diesel, our correspondent has learnt. Sources...

  • Posted July 29, 2016
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