All posts tagged "featured"

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  Nigeria loses 3,100MW to gas constraints

  The nation’s power generation is significantly being limited by gas constraints, a development that has driven down electricity supply to households and businesses across the country. The nation’s unutilised generation capacity caused by gas supply challenge stood...

  • Posted April 8, 2016
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  NERC begs consumers over blackout

  The Nigerian Electricity Regulatory Commission on Wednesday begged Nigerians to exercise patience with the power generation and distribution companies with respect to the drop in electricity supply and the attendant blackouts being experienced nationwide. According to NERC,...

  • Posted April 8, 2016
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  Buhari to sign loan deal with China

  President Muhammadu Buhari will sign a loan deal with China during a visit next week as the Federal Government seeks funds to finance the over N2tn budget deficit This is expected to help the government to finance...

  • Posted April 8, 2016
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  NAICOM releases names of qualified insurance brokers

  The National Insurance Commission (NAICOM) has made public, names of insurance brokers that are qualified to operate insurance broking business in the country. The Commission published the names in its official website. The qualified brokers are 300...

  • Posted April 8, 2016
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  Abia to secure N1bn Agric Loan from CBN

  Abia state government is still engaged in efforts to secure N1 billion loan from the Central Bank of Nigeria (CBN) in order to boost agriculture, which is one of the pillars of its developmental policy. The Chief...

  • Posted April 8, 2016
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  GTB, Zenith Bank pay N110bn in naira rain to shareholders

  As Nigerians continue to bear the brunt of the economic downturn and the debilitating cash squeeze in the country, the shareholders of two of Nigeria’s largest banks – Guaranty Trust Bank (GTBank) and Zenith Bank Plc –...

  • Posted April 8, 2016
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  May & Baker to pay N59million in dividends

  The board of directors of May & Baker Nigeria has recommended a dividend of N58.8 million for the year ended December 31, 2015. The dividend, which is 20 per cent higher than what was paid the previous...

  • Posted April 8, 2016
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  GTBank expects further rise in inflation this year

  Guaranty Trust Bank Plc says it expects a further rise in inflation to the lower double digits in 2016. The position of the bank was made known by its Chairman, Mrs. Osaretin Demuren, at the 26th Annual...

  • Posted April 7, 2016
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  Blackout: Shiroro, Sapele power plants shut

  The nation’s electricity woes worsened on Tuesday as two additional power generating plants were shut down, bringing the total number of plants not generating any megawatts of electricity to 10. The two shut plants are Shiroro Power...

  • Posted April 7, 2016
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  Buhari will get budget details this week – Rep

  A member of the House of Representatives, representing Agege Federal Constituency, Lagos State, Taofeek Adaranijo, on Tuesday said the full details of the 2016 Appropriation Bill would be forwarded by the National Assembly to President Muhammadu Buhari...

  • Posted April 7, 2016
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