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All posts tagged "featured"

  • Gas alone can’t solve Nigeria’s electricity problem — FG

    The Federal Government has declared that gas alone cannot solve the country’s electricity challenges. Disclosing this at the just concluded 2016 Annual Conference of the National Association of Energy Correspondents in Lagos state, Minister Of Power, Works And...

    • Posted August 25, 2016
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  • SEC proposes rule for 12-year-old unclaimed dividend

    The Securities and Exchange Commission has proposed that companies and registrars in custody of dividends, which remain unclaimed by shareholders 12 years after the date of declaration or subsequently attain the 12 years threshold shall upon the...

    • Posted August 25, 2016
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  • 272 firms shut down in one year – MAN

    Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank of Nigeria had affected operations in the business sector. They said...

    • Posted August 25, 2016
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  • Japan donates $9.7m solar power project to Nigeria

    The Japanese Government, through its agency, Japan International Cooperation Agency, has donated solar power worth $9.7 million to the Federal Government to boost electricity in the country. The Ambassador of Japan to Nigeria, Mr Sadanobu Kusaoke, disclosed this in...

    • Posted August 25, 2016
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  • Oil falls below $50 on Nigeria, Iraq supply boost

    International oil benchmark, Brent crude, retreated on Monday, falling below the $50 per barrel mark on worries about growing Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising US oil rig count. China’s July...

    • Posted August 24, 2016
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  • Osinbajo seeks continental cooperation to improve economies

    Vice-President Yemi Osinbajo on Monday urged African nations to work together, especially in developing their economies for the benefit of their people. This, he said, should come before other forms of international cooperation. According to a statement...

    • Posted August 24, 2016
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  • TCN shops for N2.3tn to transit 10,000MW electricity

    The Transmission Company of Nigeria says it will require $7.5bn (about N2.3tn) to wheel 10,000 megawatts of electricity, which is the target of the Federal Government by 2019. It also declared that power distribution companies were still...

    • Posted August 24, 2016
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  • NSE gains N54bn at week open

    The Nigerian Stock Exchange market capitalisation advanced by N54bn to close at N9.552tn from N9.496tn at the close of trading on the Exchange’s floor on Monday. The market opened the week in gains rising by 0.60 per...

    • Posted August 24, 2016
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  • Nigeria loses 3,000MW of electricity to Forcados attack

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola has stated that the country is losing about 2,000 megawatts of electricity to the attack on the Forcados subsea pipeline by Niger Delta militants. Fashola has also...

    • Posted August 24, 2016
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  • CBN reads riot act on utilisation of ‘free funds’

    The Central Bank of Nigeria (CBN) monday stated that it noticed that some authorised dealers in the FX market have continued to buy and sell FX referred to as “free funds” despite the provision of an earlier...

    • Posted August 24, 2016
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