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All posts tagged "featured"

  • Again, Shell shuts 180,000bpd oil export pipeline

    Shell Petroleum Development Company of Nigeria Limited on Monday shut the Trans Niger Pipeline, one of the two major pipelines transporting the nation’s reference crude oil grade, Bonny Light, for export. This is coming one month after...

    • Posted July 13, 2016
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  • Gas price hike: Aggrieved motorists threaten to shutdown NIPCO’s stations

    Barely few weeks after NIPCO Plc reopened its seven Compressed Natural Gas (CNG) Filling Stations in Benin, Edo State, after they were shutdown for several days by aggrieved motorists in protest against the hike in price of...

    • Posted July 13, 2016
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  • FG to enforce compulsory insurance policies

    The Minister for Finance, Mrs. Kemi Adeosun, has said that the Federal Government will enforce the compulsory insurance policies and ensure that the cost of insurance is included in its expenditure. She said this during the second...

    • Posted July 13, 2016
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  • CIBN to examine new forex policy

    The Chartered Institute of Bankers of Nigeria says it is set to examine the likely effects of the new foreign exchange rate policy on businesses and the economy in general. The institute, in a statement on Monday,...

    • Posted July 13, 2016
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  • FG releases N253bn for capital projects

    The Federal Government has so far released the sum of N253bn out of the N350bn set aside for capital projects in the first and second quarters of 2016. Investigations by our correspondent on Sunday in Abuja showed...

    • Posted July 12, 2016
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  • We didn’t approve increase in airfares – NCAA

    The Nigerian Civil Aviation Authority (NCAA) has denied approving the increase in domestic airfares, saying all tariffs for airlines’ services, including fares, rates, add-on charges or terms and conditions of service have been liberalised. This came after...

    • Posted July 12, 2016
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  • Interbank rate rises on cash shortage

    The nation’s interbank lending rate has risen by 10 per cent, data from the FMDQ OTC website have shown. The overnight rate rose sharply week-on-week to 15 per cent on Friday, from five per cent a week...

    • Posted July 12, 2016
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  • Dogara recommends stiffer sanctions against errant Capital Market operators

    The Speaker, House of Representatives, Yakubu Dogara has said that appropriate sanctions against operators who commit infractions would go a long way in restoring investor confidence in nation’s capital market He therefore promised that the parliament would...

    • Posted July 12, 2016
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  • 90% of containers leave Nigeria empty — NPA

    The Nigerian Ports Authority has said about 90 per cent of containers bringing in goods from other countries eave the shores of Nigeria empty. It also said the level of operational activities at the nation’s ports in...

    • Posted July 11, 2016
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  • Fresh loan: FG doles out N50bn to 35 states

    The Federal Government has begun the disbursement of the first tranche of the N90bn conditional loan facility to some of the 35 states that have so far applied for the loan. The Minister of Finance, Mrs Kemi...

    • Posted July 11, 2016
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