All posts tagged "headline"

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  Refineries’ sale to begin after steering committee meeting

  The steering committee for sale of the nation’s four refineries chaired by the Minister of Petroleum Resources, Mrs. Deziani Alison-Madueke, needs to meet to provide the guidelines for the transaction before the process can begin, the Bureau...

  • Posted December 25, 2013
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  BPE to open bids for NIPP plants January

  The financial bids for the 10 power plants constructed by the Federal Government under the National Integrated Power Project will open in January, the Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said. Dikki said this...

  • Posted December 25, 2013
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  Electricity firms can’t collect tariffs efficiently – FG

  After sacking over 50 per cent of the workforce of the defunct Power Holding Company of Nigeria, the new owners of the electricity distribution companies are finding it tough to locate revenue generation areas in order to...

  • Posted December 25, 2013
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  Aganga inaugurates implementation committees for auto policy

  The Minister of Industry, Trade and Investment, Mr Olusegun Aganga, has constituted two standing committees to ensure a seamless implementation of the recently approved National Automotive Industry Development Plan (NAIDP). This is contained in a statement issued...

  • Posted December 24, 2013
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  Access Bank signs $150million deal with FHN 26

  In continuation of its financial intermediation role, Access Bank has granted a $150 million Senior Secured Term Loan to FHN 26, a wholly indigenous affiliate of the Afren Group. FHN’s core business is focused on exploration and...

  • Posted December 24, 2013
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  FG spends N360bn on settlement of PHCN workers

  The Federal Government on Tuesday said it had spent more than N360 billion on the payment of severance benefits to workers of the Power Holding company of Nigeria (PHCN). The Director-General, Bureau of Public Enterprise (BPE), Mr...

  • Posted December 24, 2013
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  NSE ASI dips by 0.12% on Tuesday

  Transactions at the Nigerian Stock Market on Tuesday ended on a bearish trend as the All Share Index, ASI, dipped by 48.53 points or 0.12 percent to close lower at 39,858.23 basis points when compared with Monday’s...

  • Posted December 24, 2013
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  NSE: Shareholders seek implementation of VAT, stamp duty cancellation

  Shareholders under the aegis of Association of Avid Shareholders, AAS, have called on the Federal Government to hasten the implementation of removal of Value Added Tax, VAT, and stamp duty from secondary market transactions, saying this   will...

  • Posted December 24, 2013
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  FG, States, LGs share N6tr in 9 months

  The three tiers of government shared N6 trillion from January to September from the federation account, while the federal government overspent its budget by N740 billion within the same period. These were revealed in the Economic report...

  • Posted December 24, 2013
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  Inflation may rise as AMCON retires N2tn bond

  There are indications that the repayment of N2tn maturing bonds by the Asset Management Corporation of Nigeria as well as pre-2015 election spending, among others, will increase inflation rate early in 2014. AMCON had issued a three-year...

  • Posted December 24, 2013
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