All posts tagged "headline"

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  NNPC to eliminate illicit kerosene trade with new scheme

  The Nigerian National Petroleum Corporation (NNPC) has said that its deployment of a new direct-sales scheme termed ‘kero-correct’ in the sale of household kerosene to domestic consumers would finally put an end to the operation of ‘black...

  • Posted January 28, 2015
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  Nigeria signs pact with US firm to build 250MW power plant

  Again, the federal government has signed an agreement with American firm, Missouri American Energy, for the construction of a 250-megawatt (MW) power plant in Nigeria. Signing the agreement in Abuja, Minister of Power, Prof. Chinedu Nebo said...

  • Posted January 28, 2015
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  Politicians’ demand for dollars puts pressure on naira

  There are indications that the naira, which hit 208 against the United States dollar on the streets of Lagos on Friday, may drop further as politicians seek more of the greenback to fund campaigns few weeks to...

  • Posted January 28, 2015
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  Relief as NNPC’s Forcados Pipeline resumes operations

  Nigerians will experience relief in power supply as the Trans-Forcados oil pipeline, which transports crude oil to an export terminal and gas to power stations, resumed operations after one week of closure. The closure of the pipeline...

  • Posted January 28, 2015
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  FG accuses distribution companies of rejecting power allocations

  As Nigerians grapple with the challenges of inadequate electricity supply, the federal government has accused some electricity distribution companies of rejecting power allocated to them for distribution to customers. Speaking during a recent visit to the Corporate...

  • Posted January 28, 2015
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  Lagos-Ibadan Expressway to be completed before August 2017

  The reconstruction of the Lagos-Ibadan Expressway may be completed before August 2017 going by the current speed of work, the Minister of Works, Mr. Mike Onolememen, has said. Onolememen, who spoke during a tour of the road...

  • Posted January 28, 2015
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  Petrol subsidy rises to N3.64 per litre

  A week after the Federal Government announced the reduction of the pump price of petrol, subsidy on the product has increased to N3.64 from the N2.84 stated on January 16, 2015, statistics obtained from the Petroleum Products...

  • Posted January 28, 2015
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  Investment in mutual funds hits N152bn

  The President, Fund Managers Association of Nigeria, Mr. Michael Adebola, on Monday disclosed that N152bn had so far been invested by Nigerians in mutual funds. Adebola stated this when he led members of the FMAN to a...

  • Posted January 28, 2015
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  Eko Disco moves to generate electricity

  The Eko Electricity Distribution Company says it has commenced the tender process for its embedded generation project. The company said on Monday, in a statement signed by the Assistant General Manager, Corporate Communications, Mr. Godwin Idemudia, that...

  • Posted January 28, 2015
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  Brass LNG shareholders eye preferred bidder for onshore works

  As a step ahead of the Final Investment Decision (FID) of the multibillion dollar Brass Liquefied Natural Gas (LNG) project in Bayelsa State, the shareholders now eye a preferred bidder for the onshore works. Speaking in Lagos...

  • Posted January 28, 2015
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