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All posts tagged "headline"

  • Revenue shortfall: FG withdraws N1.9tn from ECA

    The Federal Government withdrew N1.99tn from the Excess Crude Account in the 2013 fiscal year, documents obtained from the Budget Office of the Federation have revealed. The office, in its 2013 consolidated budget implementation report jointly signed...

    • Posted July 4, 2014
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  • Power: Discos are cheating Nigerians – NUPENG

    Power distribution companies are cheating and short-changing Nigerians by issuing high electricity bills despite erratic supply of electricity, the Nigeria Union of Petroleum and Natural Gas Workers has said. NUPENG said it was worried about the high...

    • Posted July 4, 2014
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  • IPPs to lose 7,500MW to gas shortage

    The developers of Independent Power Projects in Nigeria may still have 7,500 megawatts of their projected generating capacities left idle owing to unavailability of gas. They are projecting gas-fired capacities of 18,000MW, but current realities in the...

    • Posted July 4, 2014
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  • Frustration as port charges rise

    A few weeks ago, stakeholders in the Nigeria’s maritime industry met with the Nigerian Shippers Council. One of the issues discussed was the alleged indiscriminate charges imposed on importers and clearing agents by port terminal operators and...

    • Posted July 4, 2014
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  • FAAN shuts air traffic into Abuja for facility upgrade

    In a bid to comply with the International Civil Aviation Organisation (ICAO) and Nigerian Civil Aviation Authority (NCAA)-approved safety Standard and Recommended Practices, (SARPs), the management of the Federal Airports Authority of Nigeria (FAAN) yesterday stated that...

    • Posted July 4, 2014
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  • CBN receives 4,142 petitions on fraud

    The Central Bank of Nigeria said it received and treated 4, 142 fraud related petitions against Nigerian banks resulting in the refund of N14.69billion to aggrieved customers. The Director, Consumer Protection Department (CPD), CBN, Umma Dutse, stated...

    • Posted July 3, 2014
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  • Cement: House endorses use of 42.5 grade

    The House of Representatives  Wednesday recommended the use of 42.5mpa grade cement for standard construction works in the country, saying it is durable and less susceptible to misapplication. The House, which adopted the report of Rep Yakubu...

    • Posted July 3, 2014
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  • FG woos Chinese investors for national carrier

    The Federal Government on Tuesday asked investors from China to partner Nigeria in floating a national carrier for the country. According to the government, Nigeria being the largest economy in Africa should have a national carrier. The...

    • Posted July 3, 2014
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  • Seplat shareholders reap benefits of listing

    Shareholders of Seplat Petroleum Development Company Plc have started reaping benefits of listing on the Nigerian Stock Exchange (NSE), realising  a capital gain of 22 per cent as at close of June 30, 2014. The company was...

    • Posted July 3, 2014
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  • SAP set to make Nigeria banks Basel II compliant

    SAP Africa, in partnership with EY (Ernst and Young), is committed to transforming the banking sector in Nigeria to become Basel II compliant and take advantage of the Big Data analytics solution for real-time reporting, according to...

    • Posted July 3, 2014
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