All posts tagged "featured"

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  Power sector loses N2bn daily, more turbines pack up

  The power sector has been losing an average of N2bn daily since the resurgence of pipeline bombings by militants in the Niger Delta, latest electricity supply statistics have shown. This is coming as the number of functional...

  • Posted June 1, 2016
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  Nigeria to refine 1.3mbpd of oil for consumption by 2023

  The International Institute for Petroleum Energy Law and Policy (IIPELP) has said Nigeria would refine up to 1.3 million barrels of crude oil daily (mbpd) by 2023 to meet the fuel demand of her growing population. IIPELP,...

  • Posted June 1, 2016
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  FG constitutes committee to recover AMCON loans

  A Presidential Inter-Agency Committee on recovery of loans granted to commercial banks and corporate organisations by Asset Management Corporation of Nigeria (AMCON) has been set up by the federal government. This was revealed in a statement made...

  • Posted June 1, 2016
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  FirstBank gets $13.745m Forex allocation from CBN

  The latest returns on forex utilisation for FirstBank Nigeria Limited have shown that the bank was allocated $13,745,768.19 by the Central Bank of Nigeria (CBN) last week. The returns published in THISDAY monday showed that FirstBank sold...

  • Posted June 1, 2016
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  Marketers defy FG, sell petrol above official ex-depot price

  Despite federal government’s recent increase of the price of petrol to reflect the high cost of foreign exchange used in the importation of the product, some marketers and depot owners have defied government’s directive by selling above...

  • Posted June 1, 2016
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  Nigerians traumatised by adverse economy – Ambode

  Lagos State Governor, Mr. Akniwunmi Ambode, has said that Nigerians are being traumatised by the adverse economic situation in the country. Ambode made this observation in an address at the 2016 edition of the African Product Forum...

  • Posted May 31, 2016
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  NCC wins Africa Regulator of the Year Award

  The Nigerian Communications Commission (NCC) has won the African Regulator Award for 2015. The Africa Information Technology and Telecoms Award (AITTA), which took place recently at the Kempinski Hotel, Gold Coast City, Accra, Ghana was the climax...

  • Posted May 31, 2016
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  Plummeting oil prices: LNG price slumps by over 50%

  The plummeting prices of crude oil have taken a toll on the price of Liquefied Natural Gas (LNG) in the international market as the latter also slumped by over 50 per cent due to the correlation between...

  • Posted May 31, 2016
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  FG’s diversification initiatives will strengthen economy – DMO

  The Director-General Debt Management Office (DMO), Dr. Abraham Nwankwo has said that efforts by the federal government to revitalising the agriculture, solid minerals and manufacturing sectors as well as widen the tax base would have massive impact...

  • Posted May 31, 2016
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  NSE president seeks collaboration between government, market stakeholders

  The President of the Nigerian Stock Exchange (NSE), Mr.  Aigboje Aig-Imoukhuede has called on the federal government to incorporate the capital market into its policy making process in order to create an enabling environment for investment, entrepreurship that...

  • Posted May 31, 2016
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