All posts tagged "featured"

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  World Bank supports transformation of Nigerian Capital Market

  The Vice-President and Treasurer of the World Bank, Ms. Arunma Oteh, on Wednesday gave assurance that the World Bank Group would support efforts to make Nigerian capital market world class market. The former Director General of the...

  • Posted December 4, 2015
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  Nigeria’s Forex reserves drop to $29.88billion

  Nigeria’s foreign reserves fell below $30 billion for the first time in more than four months, putting more pressure on the Central Bank of Nigeria’s (CBN) bid to defend the naira and avoid a devaluation. Gross reserves...

  • Posted December 4, 2015
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  Nigeria needs $1bn annually to attain 20,000MW by 2020 – TCN

  The Managing Director/Chief Executive Officer  of the Transmission Company of Nigeria (TCN), Mr. Mark Karst, has said the company is targeting 20,000 megawatts of electricity by the year 2020 and would need $1 billion annually to achieve...

  • Posted December 4, 2015
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  Subsidy claims by oil marketers rise to N1.7tn in three years

    Despite the raft of measures initiated in 2011 by the last administration, especially at the Petroleum Products Pricing Regulatory Agency (PPPRA) to curb infractions in the administration of the subsidy regime and reduce claims to sustainable...

  • Posted December 4, 2015
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  Electricity tariffs, MDA debts top Fashola’s closed-door meeting with stakeholders

  There are indications that parts of what were discussed at a closed door meeting between the Minister of Power, Works and Housing, Babatunde Fashola and stakeholders in Nigeria’s power sector yesterday in Abuja included the implementation of...

  • Posted December 2, 2015
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  Domestic bond market can finance 2016 budget deficit – Nwankwo

  The Director General of the Debt Management Office (DMO) Dr. Abraham Nwankwo has said the Nigerian bond market  has the capacity  to provide funds that will be required to finance  2016 budget deficit. The 2016 federal government...

  • Posted December 2, 2015
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  TCN MD resigns as weak transmission network leads to drop in power supply by 900MW

  The Managing Director of the Transmission Company of Nigeria (TCN), Mrs. Veronica Osuhor, has resigned her appointment following a protracted dispute among key leaders in the power industry. This came as indications yesterday emerged that weak transmission...

  • Posted December 2, 2015
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  FG to commence registration of unemployed Nigerians nationwide

  In a move aimed at actualising the planned social security for the teeming unemployed Nigerians, the federal government monday said plans were underway to register all unemployed citizens across the country. The decision came amid the slow...

  • Posted December 2, 2015
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  Shiroro to get 300MW solar power plant

  The new operator of the Shiroro Hydroelectric Power Plant, North-South Power Company, plans to build a new solar power plant with a capacity to generate 300 megawatts of electricity, the Bureau of Public Enterprises has said. A...

  • Posted December 2, 2015
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  Firm to build refineries in Lagos, Ondo

  Ode-Aye Refinery Limited has concluded plan to establish Greenfield and modular refineries in the country in the next 18 months. The company’s Director, Prince Bayo Otulana, said in Uyo on Monday that the refineries would be located...

  • Posted December 2, 2015
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