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All posts tagged "headline"

  • Eko Disco lauds NERC over new electricity tariffs

    The Eko Electricity Distribution Company (EKDC) on Thursday commended the Nigerian Electricity Regulatory Commission (NERC) on the new tariff regime. The Corporate Communications Manager in EKDC, Mr. Godwin Idemudia, gave the commendation in an interview with the...

    • Posted December 26, 2015
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  • FG to privatise Lagos, Abuja, PH, Kano airports

    The Federal Government has plans to concession the management of the Lagos, Abuja, Port Harcourt and Kano airports to private investors. The Minister of Transportation, Rotimi Amaechi, made the disclosure on Wednesday in Lagos during a fact-finding...

    • Posted December 25, 2015
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  • Contributory pension assets rise to N5.14tn

    The total assets under the Contributory Pension Scheme rose to N5.14tn at the end of October this year. Figures obtained from the National Pension Commission on Wednesday showed that 56.28 per cent of the money totalling N2.8tn...

    • Posted December 25, 2015
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  • FG cancels tender process for oil, gas shipment

    The Federal Government said on Wednesday that it had cancelled the tendering process for the engagement of pre-shipment inspection and monitoring agents for the oil and gas sector. The cancellation was confirmed by the Minister of Finance,...

    • Posted December 25, 2015
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  • SEC advises stockbrokers on direct cash settlement

    The Securities and Exchange Commission (SEC) has directed dealing firms (stockbroking firms) to send relevant information to the Nigeria Inter-Bank Settlement System (NIBSS) by December 30, 2015 so as to facilitate the commencement of Direct Cash Settlement...

    • Posted December 25, 2015
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  • Kaduna Refinery ramps up production to 3.2m litres of petrol daily

    The Nigerian National Petroleum Corporation (NNPC) wednesday raised hopes that the lingering queues at fuel stations across the country would subside with the production of 3.2 million litres of petrol daily by the Kaduna Refining and Petrochemical...

    • Posted December 25, 2015
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  • Naira appreciates on parallel market after CBN dollar sales

    The naira firmed to N266 to the dollar on the unofficial market on Wednesday, gaining 1.5 per cent after the Central Bank of Nigeria sold dollars to exchange houses and as demand for the US currency slowed,...

    • Posted December 25, 2015
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  • FG urged to abolish fuel subsidy over pressure on Forex Market

    Analysts at CSL Stockbrokers Limited, have advised the federal government to end the fuel subsidy, which currently makes up a significant proportion of Nigeria’s import bill. They reasoned that removal of the subbing will help reduce demand...

    • Posted December 24, 2015
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  • Forte Oil net income rises by 7%

    Petroleum products marketing firm, Forte Oil Plc, has increased its net income by seven per cent to N4.2bn compared to N4bn recoded in the same period the previous year. The company’s other Income post increased by 216...

    • Posted December 24, 2015
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  • Senate extends 2015 budget implementation to March 2016

    The Senate on Tuesday amended the 2015 Supplementary Appropriation Act to enable the Executive arm of government to implement the N557bn capital expenditure component in the budget till March next year. The amendment was perfected at plenary...

    • Posted December 24, 2015
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