All posts tagged "headline"

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  Subsidy on petrol falls to N576m daily

  From a high of N51.61 per litre on June 11, 2015, subsidy on every litre of Premium Motor Spirit consumed in the country has dropped to N14.39, data obtained from the Petroleum Products Pricing Regulatory Agency on...

  • Posted October 6, 2015
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  NNPC drags NNPG, CAC, others to court over infringement on trademark

  The Nigerian National Petroleum Corporation (NNPC) Retail Limited has sued the Natural Network Petroleum and Gas Company (NNPG) Limited and two others over infringement on its trademark. NNPC had in a suit obtained by journalists on Sunday...

  • Posted October 6, 2015
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  Recapitalisation: SEC urges investors to verify compliance of operators

  Following the expiration of deadline for the new capital  requirement, last Thursday, the Securities and Exchange Commission (SEC) has advised investors to verify the compliance status of their various preferred Capital Market Operators  (CMOs). According to the...

  • Posted October 6, 2015
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  CBN will ease forex restrictions in the future – Osinbajo

  Nigeria will keep foreign currency restrictions for now to preserve the country’s currency reserves amid falling oil revenues but the Central Bank of Nigeria will ease the rules in the long-term, Vice President Yemi Osinbajo has said....

  • Posted October 6, 2015
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  NCAA unveils ICAO safety policy for Nigeria

  The Nigerian Civil Aviation Authority has unveiled the Nigeria’s State Safety Policy Statement. This policy statement was signed by the Director-General, NCAA, Capt. Muhtar Usman. The regulatory agency said this was done in compliance with the requirements...

  • Posted October 6, 2015
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  437 market operators meet new capital requirement

  A total of 437 capital market operators have met the new minimum capital requirement, which was announced by the Securities and Exchange Commission in December 2013. A provisional list published on the SEC’s website following the expiration...

  • Posted October 6, 2015
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  Metering: NERC fines Ikeja power firm N131.4m

  The Ikeja Electricity Distribution Company has been fined N131.4m by the Nigerian Electricity Regulatory Commission for defying the regulator’s metering order. According to NERC, the firm has been sanctioned for its “flagrant breaches” of the Credited Advance...

  • Posted October 6, 2015
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  Power generation drops by 1,100mw as Egbin workers’ crisis persist

  Electricity generation in the country has dropped by 1,100 megawatts as output from Egbin Power Plant, the biggest generating power station in Nigeria has dropped to zero, THISDAY has learnt. THISDAY gathered that the 1,320 megawatt-capacity plant...

  • Posted October 6, 2015
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  NNPC to cut crude oil refining costs

  The Nigerian National Petroleum Corporation is looking at significantly reducing the cost of refining crude oil within the country through resource co-location. With the co-location model, the corporation will ensure that new refineries are situated together in...

  • Posted October 5, 2015
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  Budget: FG targets N394bn from development partners

  The Federal Government is targeting an inflow of $2bn (N394bn) in 2016 from its development partners such as the European Union, Department for International Development, and the World Bank, among others. The amount is expected to be...

  • Posted October 5, 2015
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