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All posts tagged "headline"

  • Nigeria hits 5,000MW power generation mark

    The Transmission Company of Nigeria (TCN) has disclosed that Nigeria has for the first time in the history of her electricity generation profile, generated about 5,074 megawatts (MW) of electricity. The TCN, through its System Operator department,...

    • Posted February 5, 2016
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  • Reps, Kachikwu disagree over NNPC’s crude swap deals

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and members of the House of Representatives exchanged words on Tuesday over the controversial crude oil for refined products exchange contracts between the Nigerian National Petroleum Corporation...

    • Posted February 4, 2016
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  • Fashola defends electricity tariff hike

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday justified the 45 per cent increment in electricity tariff, which took effect on Monday, stressing that the action remained the only way to enhance stable...

    • Posted February 4, 2016
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  • Buhari laments declining fortunes of oil sector

    President Muhammadu Buhari has lamented the declining fortunes of the nation’s oil sector. He expressed his sadness at the ugly turn in the nation’s oil sector at the luncheon organised in his honour on Tuesday by the...

    • Posted February 4, 2016
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  • Investment inflows declined by N2.18tn in 2015 – NBS

    The National Bureau of Statistics on Tuesday stated that investment inflows into the country dropped by $11.1bn (N2.18tn) from $20.75bn in 2014 to $9.64bn at the end of the 2015 fiscal year. The bureau, in its capital...

    • Posted February 4, 2016
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  • FG may sell $100bn assets to shore up foreign reserves

    Following the continued depletion of Nigeria’s external reserves as a result of dwindling crude oil prices and huge demand for the green back, experts in the nation’s financial sectors have stated that the federal government may sell...

    • Posted February 4, 2016
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  • LCCI supports FG’s plan to make more Nigerians pay tax

    Lagos Chambers of Commerce and Industry (LCCI) has expressed support for the plans by the federal government to widen the tax net. President of LCCI, Chief Nike Akande, who spoke with journalists after meeting with the Vice-President,...

    • Posted February 4, 2016
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  • FIRS targets N5tn revenue in 2016 non-oil revenue to account for 80% of earnings

    The Federal Inland Revenue Service (FIRS) on Tuesday disclosed that its proposed revenue target for the 2016 fiscal year is N4.957 trillion, which is N385 billion higher than the N4.572 trillion in  2015. Of the N4.957 trillion...

    • Posted February 4, 2016
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  • FG paid zero subsidy in January – Kachikwu

    Following the commencement of the new price regime for petroleum products, the federal government yesterday disclosed that it did not pay any subsidy on products in January 2016, despite having paid about N1.1 trillion in 2015. The...

    • Posted February 4, 2016
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  • NAICOM releases requirements for re-registration of insurance brokers

    The National Insurance Commission (NAICOM) has released requirements for re- registration of insurance brokers whose licenses had lapsed. The requirements, which was arranged in seven phases and published on the commission’s official website stipulated that an insurance...

    • Posted February 4, 2016
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