All posts tagged "headline"

• 
  World Bank’ll restrict support to vital sectors — Marie-Nelly

  The World Bank Country Representative in Nigeria, Marie-Francoise Marie-Nelly, in this interview with EVEREST AMAEFULE, says the bank will limit its intervention in Nigeria to the power and few other sectors in order to make more visible impact...

  • Posted January 13, 2014
  • 0
• 
  Extortion: Ikeja DISCO to prosecute ex-PHCN employees

  The Ikeja Distribution Company has vowed to prosecute ex-employees of the Power Holding Company of Nigeria accused of extorting electricity customers under its network. The company said this followed complaints by its customers in the 11 business...

  • Posted January 13, 2014
  • 0
• 
  Electricity workers to begin strike Tuesday

  The National Union of Electricity Employees (NUEE), on Thursday, insisted on proceeding with its planned nationwide strike from next Tuesday, over the flagrant abuse of human and trade union rights in the power sector. The group also...

  • Posted January 12, 2014
  • 0
• 
  Slashed Budget: Senior Judges report Okonjo-Iweala to NASS

  Indications emerged yesterday that the Judiciary was upset with the paltry vote of N67 billion earmarked in this year’s budget for the operation of the third arm of government. The anger of the judiciary, it was learnt,...

  • Posted January 12, 2014
  • 0
• 
  Operators fault NPA, back Shippers Council as port regulator

  Operators in the maritime industry have accused the management of the Nigerian Ports Authority, NPA, of neglecting their interest, even as they expressed confidence in the proposed move by the Federal Government to make the Nigerian Shippers...

  • Posted January 12, 2014
  • 0
• 
  How we spent $10.8bn oil revenue – NNPC

  The management of the Nigerian National Petroleum Corporation, NNPC, yesterday, gave a clearer account of how it spent the $10.8 billion, the remaining part of the controversial un-remitted $48.9 billion oil revenue. The Corporation which said it...

  • Posted January 12, 2014
  • 0
• 
  OPEC cuts exports to lowest in four months

  The Organisation of Petroleum Exporting Countries will cut crude shipments to the lowest level since September as refineries trim imports before conducting maintenance in the spring, according to Oil Movements. Bloomberg News reported that the researcher said in a...

  • Posted January 12, 2014
  • 0
• 
  FCMB secures $150m loan facility

  First City Monument Bank Limited has announced the signing of a $150m senior unsecured term loan facility with Commerzbank Aktiengesellschaft and Standard Chartered Bank acting as initial mandated lead arrangers and book-runners. A statement by the bank...

  • Posted January 11, 2014
  • 0
• 
  Oteh hinges capital market recovery on reforms

  The Director-General of the Securities and Exchange Commission, SEC, Ms. Arunma Oteh, has said that the recovery being witnessed in the capital market is an outcome of the commission’s reforms and zero-tolerance for corrupt practices. Arunma Oteh,...

  • Posted January 11, 2014
  • 0
• 
  System breakdown slows Customs’ operations, revenue collection

  Efforts of the Nigeria Customs Service to meet its annual revenue target and ensure efficient port operations are being threatened by frequent breakdown of its information technology system. Vanguard investigation revealed that the frequent system breakdown has...

  • Posted January 11, 2014
  • 0