All posts tagged "featured"

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  MDAs borrowed N178.56bn for infrastructure – DMO

  Federal Ministries, Departments and Agencies are indebted to the Federal Government to the tune of N178.56bn. The Debt Management Office, which disclosed this in a report entitled: ‘Federal Government On-lent Loans to MDAs’, said 11 MDAs benefitted...

  • Posted July 15, 2016
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  FG woos insurers to invest in infrastructural development

  The federal government has solicited the collaboration of insurance industry operators in infrastructural development in the country, just as it has said that henceforth, only contractors with prove of compliance with Workmen Compensation Act would be allowed...

  • Posted July 15, 2016
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  BEDC to install additional 100,000 meters this year

  The Benin Electricity Distribution Plc. (BEDC) has announced plan to install additional 100,000 meters for domestic and commercial customers for the remainder of this year. The company stated this at a press briefing during the 7th monthly...

  • Posted July 15, 2016
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  New airport terminals nearing completion – FAAN

  The Federal Airports Authority of Nigeria has said the new terminals being constructed at four international airports located in Lagos, Port Harcourt, Kano and Abuja are at advanced stages of completion. The General Manager, Corporate Communications, FAAN,...

  • Posted July 14, 2016
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  NCC boss to address stakeholders on IGR

  The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, is billed to make presentation at a two-day retreat on enhancing Internally Generated Revenue (IGR) for Ministries Departments and Agencies (MDAs) of...

  • Posted July 14, 2016
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  Adeosun wants insurance firms to raise capital base

  The is an indication that the insurance industry may embark on another round of recapitalisation as the Minister of Finance, Mrs. Kemi Adeosun, has stated the need for insurance industry operators to increase their capital base and...

  • Posted July 14, 2016
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  No plan to increase electricity tariff – NERC

  The Nigerian Electricity Regulatory Commission (NERC) on Tuesday denied reports that there were plans to increase power tariffs across the country. Six months ago, NERC increased electricity tariffs for different categories of consumers by over 45 per...

  • Posted July 14, 2016
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  Shiroro power plant to operate at full capacity after N2.4bn repairs

  The Shiroro Hydro Power Station has expended about N2.4 billion for the repairs of its four turbine generators to bring the plant to full capacity of 600 megawatts. Dr Olubunmi Peters, SHPS Executive Vice Chairman, disclosed this...

  • Posted July 14, 2016
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  Nigeria’s economy likely to shrink this year – IMF

  Nigeria’s economy will most likely contract this year as energy shortages and the delayed budget weigh on output, the International Monetary Fund has said. “I think there is a high likelihood that 2016 as a whole will...

  • Posted July 13, 2016
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  Asian Banker names FirstBank ‘Best Retail Bank’

  First Bank of Nigeria Limited says it has won ‘The Best Retail Bank in Nigeria’ for the fifth time. The lender said it also won ‘The Mobile Payment Product of the Year’ and ‘The Credit Card Product...

  • Posted July 13, 2016
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