All posts tagged "headline"
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Stable supply responsible for high electricity bills – NERC
The recent increase in electricity bills by power distribution companies is as a result of the stability in power supply in the past three months, the Nigerian Electricity Regulatory Commission has explained. Power generation in the country...
- Posted October 10, 2015
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Chinese firm, ZTE fail to complete $470m CCTV contract
The House of Representatives on Thursday indicated its readiness to probe the failure of Chinese firm, ZTE Corporation to completely implement the terms of a $470 million contract for the installation of Closed Circuit Television (CCTV) in...
- Posted October 10, 2015
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FG moves to end incessant strikes in aviation sector
The federal government has said efforts are being made to end recurrent strike action embarked upon by aviation unions. Permanent Secretary in the Federal Ministry of Labour and Productivity, Dr. Clement Illoh, who made the promise, said...
- Posted October 10, 2015
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36 million telephone lines inactive – NCC
One of the key elements distinguishing the Nigerian telecoms industry is the robust active subscriber base it successfully recorded in the past decade from as little as 400,000 lines in 2001 to over 100 million in 2011....
- Posted October 10, 2015
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Capital market investors lose N1.3tn under Buhari
Between May 29, when the President Muhammadu Buhari administration was inaugurated, and Thursday, investors in the equities segment of the Nigerian Stock Exchange lost N1.306tn, a review of the performance of the stock market has shown. According...
- Posted October 10, 2015
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Banks charge customers for domiciliary account withdrawals
Several bank customers are now incurring charges for withdrawing cash from their domiciliary accounts, it has been learnt. This followed the Deposit Money Banks’ decision to develop new revenue sources amid looming decline in profitability occasioned by...
- Posted October 10, 2015
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PoS transactions hit N35.84bn in one month
Nigerians spent a total of N35.84bn on transactions using Point of Sale terminals in the month of August, investigation has shown. The amount was spent in 2.7 million successful transactions that were carried out across the country,...
- Posted October 10, 2015
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Fear grips port users over terror alert
Fear has enveloped importers, licensed customs agents and other Nigerians with businesses within the nation’s seaports situated in Lagos, following the intelligence reports that the Islamic terror group, Boko Haram are planning to carry out attacks on...
- Posted October 10, 2015
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Mayor of London leads investors to Lagos
The Mayor of the City of London, Hon. Alan Yarrow, has assured the government and people of Lagos State of the readiness of large number businesses in the United Kingdom to invest in the economy of the...
- Posted October 9, 2015
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IMF cuts Nigeria’s GDP growth forecast to 4%
The International Monetary Fund (IMF) has forecast a four per cent growth rate for Nigeria’s Gross Domestic Product (GDP) in 2015, as the country continues to contend with the challenge of declining income from the drop in...
- Posted October 9, 2015