All posts tagged "headline"

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  Cash shortage hits banks as TSA deadline expires

  Deposit Money Banks in the country have transferred about N1.5tn from the accounts of Ministries, Departments and Agencies of the Federal Government to the Central Bank of Nigeria as the deadline for the commencement of the Treasury...

  • Posted September 17, 2015
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  BoI, FIIR to boost economic growth with research

  The Bank of Industry says it will collaborate with the Federal Institute of Industrial Research to boost the level of industrial development in the country. The Managing Director, BoI, Mr. Rasheed Olaoluwa, who said this in Abuja...

  • Posted September 17, 2015
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  BPE, NBET differ on $146.8m Yola Disco refund

  Two government agencies are at loggerheads over the refund of about $146.8m to Integrated Energy Distribution and Marketing Company, which had acquired and relinquished the Federal Government’s 60 per cent equity in the Yola Electricity Distribution Company...

  • Posted September 17, 2015
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  Stakeholders fault FG for dormancy of NIPP Plants

  Stakeholders in Nigeria’s power sector yesterday faulted the inability of power generation plants built under the National Integrated Power Projects (NIPPs) to fully come on stream on the failure of the federal government to decisively tackle the...

  • Posted September 17, 2015
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  Licensing of 700MHz will bring dividends to Nigerians – NBC insists

  Contrary to allegations that the licensing of the country’s 700MHz spectrum to MTN by the National Broadcasting Commission (NBC) was illegal and that the deal must have denied other telecoms operators the legitimate right to bid for...

  • Posted September 16, 2015
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  Buhari to continue fine tuning electricity reforms

  The federal government monday disclosed that it would rather continue with the ongoing electricity reforms that was initiated and started by the previous governments of Presidents Olusegun Obasanjo and Goodluck Jonathan than abandon it as is being...

  • Posted September 16, 2015
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  JP Morgan: Nigerian bonds face downgrade risk

  Federal Government bonds are facing the risk of credit rating downgrade following the expulsion of Nigeria from the JP Morgan Government Bond Index-Emerging Markets, Reuters has reported. Standard & Poor’s, which rates Nigeria four levels below investment...

  • Posted September 16, 2015
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  External reserves fall to $30.794bn, inflation inches to 9.3%

  Nigeria continued to reel from the impact of the decision by US investment bank JP Morgan & Chase to phase out Nigerian bonds from its indexes, as the country’s external reserves fell to $30.794 billion. The value...

  • Posted September 16, 2015
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  BPE disburses N17bn to 68% of defunct PHCN’s retirees

  The Bureau of Public Enterprises (BPE) has said a total of N17 billion has so far been disbursed in settlement of the retirement benefits of 68 per cent of the 4,307 retired workers of defunct state-owned electricity...

  • Posted September 16, 2015
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  NNPC issues guidelines for sale, purchase of Nigeria’s crude

  In its renewed bid to ensure transparency in all commercial activities relating to petroleum operations in Nigeria, the Nigerian National Petroleum Corporation (NNPC) has released the guidelines for the participation of local and foreign companies in the...

  • Posted September 16, 2015
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