All posts tagged "headline"

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  N6bn power transmission projects stall amid funding challenge

  Power transmission projects worth about N6bn have remained stalled in the past few years due to lack of government funding, even as the nation seeks to achieve incremental power supply. The nation’s power generation and distribution companies...

  • Posted December 23, 2016
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  Recession: Investment inflow into Nigeria shrinks by $4.5bn

  The level of investment inflow into the country recorded a huge decline of $4.51bn from the $8.08bn in the first nine months of 2015 to $3.57bn in the same period of 2016, an analysis of the capital...

  • Posted December 23, 2016
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  $30bn loan rejection won’t affect 2017 budget – Presidency

  The Presidency on Wednesday said the rejection of the proposed $29.96bn external borrowing plan of President Muhammadu Buhari-led administration by the Senate would not affect the implementation of the 2017 budget. The Special Assistant to the President...

  • Posted December 23, 2016
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  Our ports are ready for full utilisation – NPA

  Nigeria’s main ports, Apapa Port and Tin Can Island Port as well as other four ports (Onne, Rivers, Warri, Calabar) are to set to witness full capacity utilisation, the Nigerian Ports Authority has said. This is coming...

  • Posted December 23, 2016
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  FG releases 38.7 million litres of aviation fuel

  In its bid to address the issue of flight cancellations occasioned by the scarcity of aviation fuel, popularly known as Jet A1, the Federal Government on Monday announced the discharge of 38.7 million litres of the commodity...

  • Posted December 21, 2016
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  FG secures $150m from World Bank for mining sector

  The Federal Government has secured $150m from the World Bank for the solid minerals sector support and economic diversification. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, disclosed this while briefing the press in Abuja...

  • Posted December 21, 2016
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  New vehicle registration scheme begins March 31 – Adeosun

  The Federal Government has fixed March 31, 2017 for the commencement of registration of automobiles being imported into the country under the Vehicle Identification Number scheme. It is expected that the scheme will put an end to...

  • Posted December 21, 2016
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  2017 budget: FG targets N565bn from recovered loot, MTN fine

  The Federal Government hopes to raise a total of N565bn from recovered loot and fines to be paid by MTN Nigeria to fund the 2017 budget. The Minister of Budget and National Planning, Udo Udoma, explained on...

  • Posted December 21, 2016
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  Proposed data tariff hike will prevent monopoly – NCC

  The Nigerian Communications Commission has said the proposed hike in data tariff by telecommunication companies is meant to protect the interest of the subscribers and prevent monopoly. The Deputy Director, Consumer Affairs Bureau of the NCC, Mr....

  • Posted December 21, 2016
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  SEC seeks EFCC’s support to curb market infractions

  The Securities and Exchange Commission on Sunday said it was working with the Economic and Financial Crimes Commission to address some of the infractions affecting the growth of the capital market. Both organisations have signed a Memorandum...

  • Posted December 20, 2016
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