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All posts tagged "featured"

  • Skye Bank records N129bn gross earnings in Q3

    Skye Bank Plc has announced gross earnings of N129.24 billion for the third quarter ended September 30, 2015. This represented an increase of 33.06 per cent over the N97.13 billion recorded during the corresponding period in 2014....

    • Posted October 29, 2015
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  • Nigeria ranks 169 out of 189 in World Bank’s Doing Business Report

    Nigeria continues to rank poorly among countries on the ease of doing business ranking, a report by the World Bank has shown. According to data released by the World Bank in its 2016 annual ease of doing...

    • Posted October 29, 2015
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  • Again, IMF urges CBN, others to weaken currencies to absorb shocks

    The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) and other central banks in Africa to allow their currencies to depreciate in order to absorb shocks to their economies. The multilateral donor agency...

    • Posted October 29, 2015
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  • Downstream operators insist on deregulation

    Operators in the downstream sector of the oil and gas industry have restated their opposition to the regulation of the sector by the federal government. This is coming as Integrated Oil and Gas Limited has been granted...

    • Posted October 29, 2015
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  • Power generation drops to 660mw at Egbin Plant

    Power generation has dropped from 813 megawatts to 660 at the Egbin Power Plant in Lagos State, an official said yesterday. The plant, the nation’s biggest power generating outfit, has the capacity to contribute about 1,000 megawatts...

    • Posted October 29, 2015
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  • NNPC to trim lifters of Nigerian crude to 16 as 278 submit bids

    The Nigerian National Petroleum Corporation (NNPC) has said that it hopes to introduce commercial certainty in the sale of Nigeria’s crude grades in the international market starting from January 2016. NNPC said on Tuesday at the opening...

    • Posted October 29, 2015
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  • NCC fines MTN record N1.4trn for SIM infraction

    The Nigerian Communications Commission (NCC) has fined MTN Nigeria a record N1.4 trillion naira (Yes, N1.4trn) for alleged breach of SIM registration rules. MTN Nigeria, which has the largest subscriber base in the country, is owned by...

    • Posted October 28, 2015
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  • Eko Disco to re-route electricity feeder lines underground in public places

    As part of the measures to replace obsolete facilities and curb accidents in its network, Eko Electricity Distribution Company is set to remove its overhead feeder lines in public places and re-route them underground The company also...

    • Posted October 28, 2015
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  • 75% Nigerians lack access to regular power supply – NAEE

    The Nigerian Association of Energy Economists (NAEE) has said that about 75 per cent of Nigeria’s 170 million people still live without access to regular electricity supply. NAEE said that despite statistics indicating that 45 per cent...

    • Posted October 28, 2015
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  • NERC to apply principles of prudence, affordability in tariff review

    Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi has said the commission would apply the principles of prudence and affordability in the current upward review of electricity tariffs in the country. Amadi gave the...

    • Posted October 28, 2015
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