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All posts tagged "featured"

  • Nigeria Telcos Face N20 billion Interconnection Debt

    Key telecommunications operators are believed to be exposed to an interconnection debt of a whooping N20 billion, a development that poses a risk for the heavily subscribed sector in the Nation. The process of interconnection in the...

    • Posted December 14, 2012
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  • MTN Plans $1.3 billion Upgrade For 2013

    South African telecommunications firm MTN is planning to improve its facilities nationwide investing about $1.3 billion for 2013. This is in a resolve to ensure that it maintains its capacity and leadership in the Nigerian mobile technology...

    • Posted December 13, 2012
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  • Senate Signs Warrant for Pension Reform Taskforce Chief Arrest

    The Senate yesterday issued an order for the arrest of the Chairman of the Pension Reform Task Team (PRTT), Mr. Abdulrasheed Maina. The order was issued following Maina’s refusal to come before the joint Senate committee probing...

    • Posted December 13, 2012
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  • FG and PHCN Reach Settlement, Privatization To Be Fast-Tracked

    The long battle between the Power Holding Company of Nigeria workers and the Federal Government has ended as the Federal Government on Tuesday agreed to sign an agreement with the workers’representatives on the payment of their severance...

    • Posted December 13, 2012
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  • Glut and Dumping in Cement Sub-Sector worries Analysts

      Following increased importation of cement into the country , which has adversely affected  the sub-sector operations, investor confidence in the market has been on the negative trend as investigations revealed a2.23 percent  average loss in the...

    • Posted December 13, 2012
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  • Finance Minister Accused of Under Budgeting for 2013 Subsidy

    Oil marketers have accused the Minister of Finance, Mrs. Ngozi Okonjo-Iweala of deceit, adding that the minister told them that the N888bn used to pay subsidy on fuel would be adequate. The oil marketers said they had...

    • Posted December 13, 2012
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  • 2.5mbpd is 2013 Production Target – Oil Minister

    In a bid to enhance its oil production capacity in the global energy market, Nigeria has set a new production target. The oil minister states that the country is set to step up its game from 2.4million...

    • Posted December 13, 2012
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  • Sonangol Posts $3.2 billion Profit

    As Angolan state-owned oil company, Sonangol posted a strong profit growth for 2011, the results also highlight how broken the model of Nigeria’s state-owned oil company, NNPC is due to corruption, poor management and political interference. Sonangol...

    • Posted December 12, 2012
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  • President Jonathan Asks For N161.6 Billion Supplementary Fuel Subsidy Budget

    Just nineteen days to the end of the year, President Goodluck Jonathan has called on the Senate to approve over N161.6 billion supplementary fuel subsidy budget for this year. It would be recalled that over N880.3 billion...

    • Posted December 12, 2012
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  • Governors to meet National Assembly and Finance Ministry over Foreign Loans

    As the Ddbate over foreign loans continues in the country, the thirty-six State Governors are poised to approach National Assembly legislators  and officials of the Federal Ministry of Finance on pertinent issues surrounding the loan proposal. During...

    • Posted December 12, 2012
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