All posts tagged "headline"

• 
  Egbin Power boosts electricity generation by 1,100MW

  The Chief Executive Officer of Egbin Power Plc, Mr. Dallas Peavey, has stated that the plant has hit a generation capacity of 1,100 megawatts, thus accounting for almost one-third of the current improvement in power supply across...

  • Posted August 14, 2015
  • 0
• 
  Naira firms on parallel market as CBN sells dollars

  The Central Bank of Nigeria (CBN) sold $80 million to bureaux de change (BDC) operators on Wednesday at N197 to a dollar. This helped to strengthen the nation’s currency on the parallel market, the president of the...

  • Posted August 14, 2015
  • 0
• 
  CBN implementing ‘panicky’ policies — ECCIMA

  The Director-General, Enugu Chamber of Commerce, Industries, Mines and Agriculture, Mr. Emeka Okereke, has said policies introduced by the Central Bank of Nigeria to stop the slide in the value of the naira are “panicky” measures that...

  • Posted August 14, 2015
  • 0
• 
  Gas producers seek better pricing, improved regulation

  Amid growing demand for natural gas in the country, especially for power generation, gas producers have said that the current gas pricing in the country remains a significant drawback to investment. The gas producers including Shell, Frontier...

  • Posted August 14, 2015
  • 0
• 
  Oil sector accounts for 80% Nigeria’s corruption — IPMAN

  Nigeria’s oil and gas sector accounts for about 80 per cent of the total corruption-related issues across the country, the Independent Petroleum Marketers Association of Nigeria has said. According to IPMAN, although some cases of corruption may...

  • Posted August 14, 2015
  • 0
• 
  Telcos lament 50% revenue loss to WhatsApp, Skype

  The increasing takeover of calling and Short Message Service by over-the-top players, or apps, such as WhatsApp and Skype, is eating deep into voice revenue of telecommunications companies in Nigeria by as much as 50 per cent,...

  • Posted August 14, 2015
  • 0
• 
  95% of MSMEs in Africa don’t have access to loan – Report

  A recent report that focused on micro, small and medium-sized enterprises (MSMEs) across Africa, has revealed that more than 95 per cent of MSMEs, operate with personal cash, which is untraceable, costly to handle and unsafe. Operating...

  • Posted August 14, 2015
  • 0
• 
  Stakeholders urge NNPC’s new GMD to promote professionalism

  Stakeholders in Nigeria’s oil and gas industry have called on the newly-appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) to shun politics and embrace professionalism in the running of the affairs of the national...

  • Posted August 13, 2015
  • 0
• 
  Nigeria, others to attract $73.5bn foreign investments in 2015

  Following plans by United States retail giant, Walmart to enter Nigeria’s retail market, increasing greenfield investment from China, India and South Africa, foreign investments in Nigeria and other African countries are expected to reach $73.5 billion by...

  • Posted August 13, 2015
  • 0
• 
  Reps summon CBN Governor over dollar deposits

  The House of Representatives on Tuesday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, over the apex bank’s decision to bar deposit banks from accepting cash dollar deposits. The House resolution simply directed...

  • Posted August 13, 2015
  • 0