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All posts tagged "head"

  • Consortium Backed by Governors Broke Power Privatization Rules

    The consortium called Southern Electricity Distribution Company which was backed by the governors of Delta, Edo,  and Ekiti states has been accused of breaching the privatization rules in its bid for the Benin Electricity Distribution Company. Chairman...

    • Posted October 23, 2012
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  • 2013 Budget: Presidency to Spend N1.5 billion on Computers after spending N1.5 billion on same in 2012

      Investigative analysis into the 2013 and 2012 budget has shown that the presidency plans to spend N1.5 billion on computers and office stationery. The N1.5 billion earmarked funds covers the Presidency and some of its agencies including...

    • Posted October 22, 2012
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  • Reps to Tinker With 2013 Budget as Lawan Frets Over Escalating Debt

    The House of Representatives said yesterday that it would streamline the 2013 budget proposal to support capital projects. The house stood by its $80 oil price benchmark, against the President’s $75 contained in the appropriation during the...

    • Posted October 20, 2012
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  • Fuel Subsidy Fraud: Reps Summon 42 Marketing Companies

    The House of Representatives has called upon subsidy-entwined firms to give account on how they managed the subsidy bridging funds.   A total number of 42 oil-marketing firms have been summoned by the house through its Committee...

    • Posted October 18, 2012
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  • Agribusiness to Get $6.5 billion Annual Support

      The Central Bank of Nigeria (CBN) and banks are working on the implementation of new plans aimed at helping farmers financially, and making available encouraging fiscal policies for their operations. CBN said the Agribusiness sector needs...

    • Posted October 17, 2012
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  • Nnaji’s Aba Power Plant to Begin Operation in Q1, 2013

      Geometric Power’s Aba Power Plant is slated to begin operations in the first quarter of 2013 with sources close to the project stating it will be operational either in January or February next year. The company...

    • Posted October 16, 2012
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  • AMCON recoups over N800 billion from Debtors

      The Asset Management Corporation of Nigeria (AMCON) has recovered over N800 billion from blacklisted debtors, which analysts believe would go a long way to assure stability to the banking industry.   The AMCON MD, Mustapha Chike-Obi,...

    • Posted October 15, 2012
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  • House Sets in Motion Probe of Otedola-AMCON Debt Deal

    The House of Representative have demonstrated that Mr. Femi Otedola is not free yet, irrespective of the said settlement of N140, 999,620,395.80 debts he owed. An eight-man committee was set up by the legislatures on Thursday to...

    • Posted October 13, 2012
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  • Ifeanyi Uba Allegedly Duped Coscharis Boss of N20 billion in Fuel Scam

      The troubles of the embattled Capital Oil executive, Ifeanyi Uba continue to escalate. Uba who was yesterday remanded in police custody for 14 days by a Lagos Magistrate court for allegedly swindling the Federal Government of...

    • Posted October 12, 2012
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  • 2013 Budget: Jonathan Proposes N4.9 trillion Expenditure

    President Goodluck  Jonathan presented the proposed 2013 budget to the National Assembly yesterday. The N4.92 trillion budget is 5% more than the N4.7 trillion budget approved for 2012. The proposed budget contains a lion-share of N1.1 trillion...

    • Posted October 11, 2012
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