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All posts tagged "headline"

  • Bresson Energy, Aggreko sign 250mw pact

    Pioneer Independent Power Producer, Bresson AS Nigeria Limited, has signed a 250mw power generation agreement with Emergency Power Conglomerate (Aggreko) to bolster power supply in the country. The agreement expected to span nine months is integral to...

    • Posted June 12, 2014
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  • NSE index rises 0.19% as GTBank leads gainers

    Trading at the Nigerian equities market was positive yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.19 per cent to close at 41,608.50. Similarly, market capitalisation added N27 billion to close higher at N13.712...

    • Posted June 11, 2014
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  • FG committed to 25-year railway strategic plan – Jonathan

    The federal government yesterday reinstated its commitment to the 25-year strategic plan for the railway transport subsector as a key component of the administration’s transformation agenda. It noted that the strategic railway plan, which includes the rehabilitation...

    • Posted June 11, 2014
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  • Nigeria, Pakistan target N160bn trade in five years

    The Federal Government on Tuesday sealed a bilateral agreement with the Islamic Republic of Pakistan to improve the level of trade from the current $70m (N11.2bn) to $1bn (N160bn) within the next five years. The agreement was...

    • Posted June 11, 2014
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  • Conference rejects call to patronise illegal refineries

    As part of its deliberations on the report of the Committee on Science and Technology, delegates to the National Conference yesterday rejected a proposal urging government to understudy and further develop the technology being used by illegal...

    • Posted June 11, 2014
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  • Shell, Schlumberger, others invest $1bn in Snake Island Integrated Free Zone

    Shell Nigeria Exploration and Production Company (SNEPCO), Schlumberger, Globestar, Atlantic Aviation and 19 other enterprises operating within the Snake Island Integrated Free Zone (SIIFZ) in Lagos have made a total investment of about $1billion in the zone....

    • Posted June 11, 2014
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  • FG seeks new buyers for NITEL

    The Federal Government is seeking buyers for the assets of distressed former telecoms monopoly, the Nigerian Telecommunications Limited, the state-appointed liquidator said on Monday. The government opted to wind up NITEL in March after almost a decade...

    • Posted June 11, 2014
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  • FG to complete airport repairs in 24 months

    The Federal Government on Monday said the remodelling of the four major international airports in the country would be completed in 24 months. The Supervising Minister of Aviation, Dr. Samuel Ortom, stated this while inspecting the Nnamdi...

    • Posted June 11, 2014
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  • Waivers: RMAFC meets FIRS, Customs, CBN, NNPC

    Worried by the high rate of revenue loss through indiscriminate waivers and tax holidays, the Revenue Mobilisation, Allocation and Fiscal Commission has met with top officials of the Nigerian Customs Service and Federal Inland Revenue Service on...

    • Posted June 11, 2014
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  • Consumers to pay more for alternative power

    The embedded power generation model being explored by the distribution companies to boost grid electricity supply in the country will make supply more reliable, but with added cost to consumers, stakeholders have said. The model, which is...

    • Posted June 11, 2014
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