All posts tagged "headline"

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  FG to provide uninterrupted power supply to industrial hubs

  The Federal Government is collaborating with the German government -represented by Deutshe Gesellschaft fur Internationale Zusammenarbeit (GIZ) – and the Manufacturers Association of Nigeria (MAN), to conduct an energy audit for the industrial sector. This is to...

  • Posted January 18, 2015
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  ECA drops to $2.45bn as FG, states share N580bn

  The Excess Crude Account has been further depleted by about $650m from the $3.1bn in December to $2.45bn as of January 16, figures obtained from the Federation Account Allocation Committee has revealed. The Minister of State for...

  • Posted January 18, 2015
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  Investors eye FBN, UBA, Access Bank as stocks hit new low

  As the Nigerian equities market continues to trend downwards leading to a buy opportunity in many stocks, investors are focusing on the banking sector given its upside potential in the near future. Following the bearish performance of...

  • Posted January 17, 2015
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  FG pegs 15-year funding for power sector at $350bn

  The Minister of Power, Prof. Chinedu Nebo, has disclosed that the federal government will require about $350 billion to upgrade the power sector to at least 20,000 megawatts (MW) within the next 15 years. Breaking the figure...

  • Posted January 17, 2015
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  More austerity measures coming – Okonjo-Iweala

  Following the continuous decline of the price of crude oil in the international market, the Federal Government on Thursday said it was preparing additional measures to mitigate the impact of the price drop on the Nigerian economy....

  • Posted January 17, 2015
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  NNPC’s Port Harcourt Refinery Company nets N11.2bn profit

  The Port Harcourt Refining Company (PHRC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has announced a record net profit of N11.2 billion for last December, representing N8.2 billion or 250 per cent above the N3.2...

  • Posted January 17, 2015
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  Fitch: Nigeria, others risk downgrade if oil doesn’t recover

  There are likely to be credit rating downgrades for Nigeria and other oil producing countries if prices of crude oil do not recover, global rating firm, Fitch said yesterday. “If oil prices fail to recover from current...

  • Posted January 17, 2015
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  Power: FG to buy one million meters

  President Goodluck Jonathan has approved funds for the procurement of one million electricity meters. This is coming as the Federal Government on Thursday shifted its earlier target of generating 6,000MW of electricity before the end of 2014...

  • Posted January 17, 2015
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  Foreign investors withdraw N793bn from stock market

  Foreign investors, alarmed by the economic and political risks in the country, pulled out N793.17bn from the Nigerian Stock Exchange between January and November 2014. The figure represents 67.5 per cent increase on the N473.61bn foreign portfolio...

  • Posted January 17, 2015
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  Workers’ redeployment to improve market regulation – SEC

  The management of the Securities and Exchange Commission on Thursday said the redeployment of workers, which was done on Wednesday, was meant to improve the regulation of the capital market. SEC stated in a statement issued in...

  • Posted January 17, 2015
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