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All posts tagged "headline"

  • Petrol now N130/ltr at depots, N142/ltr at stations – NNPC

    The Nigerian National Petroleum Corporation (NNPC) has said the ex-depot price of petrol has dropped from N138 to N133.28 per litre in most of its depots, indicating a gain of N4.72 for marketers. The drop is even...

    • Posted September 4, 2017
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  • Government owes Egbin power plant N125bn

    Egbin power plant, the biggest in Nigeria, is owed N125bn ($352m) by the Federal Government and half of its output is wasted because of inadequate transmission infrastructure, its Chief Executive Officer, Dallas Peavey Jr., has said. Out...

    • Posted September 4, 2017
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  • FG’s annual pension liabilities may exceed N474.12bn

    The Federal Government’s annual pension liabilities will rise above N474.12bn if the Nigeria Police Force and other paramilitary organisations are allowed to exit the Contributory Pension Scheme, findings have revealed. A bill to amend the Pension Reform...

    • Posted September 4, 2017
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  • Petrol shortage hits America, fuel prices go up

    Retail U.S. gasoline prices rose 2.8 percent from Friday to Saturday as refineries warned customers about the fuel-supply shortage. They were at $2.59 a gallon, according to motorists advocacy group AAA. It represents a 16.7 percent rise...

    • Posted September 4, 2017
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  • India slashes import of Nigeria crude oil

    Nigeria’s oil supply to India has hit its lowest level for this year, with the Asian country intensifying effort to diversify its sources of the commodity. India has remained the single largest buyer of Nigerian crude oil...

    • Posted September 2, 2017
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  • Union Bank gets SEC nod on N50bn rights issue

    Union Bank Plc has received approval from the Securities and Exchange Commission (SEC) to float a N50 billion rights issue. The lender, in a statement, said it anticipated that the rights issue would be open for subscription...

    • Posted September 1, 2017
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  • Nigerians spend N197bn monthly on Internet data

    Telecoms subscribers in Nigeria spend over N197 billion on internet data every month, Daily Trust’s analysis of mobile users’ average data usage per month has shown. The big four GSM operators – MTN, Glo, Airtel and 9mobile...

    • Posted September 1, 2017
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  • FG, BOI launch N5bn fund for artisanal, small scale miners

    The Ministry of Mines and Steel Development, in collaboration with the Bank of Industry (BOI), has launched a N5 billion fund in support of artisanal and small scale miners in the country. Under the arrangement, the ministry...

    • Posted August 31, 2017
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  • Osinbajo commissions 3m metric tonnes cement factory in Edo

    Vice President Yemi Osinbajo yesterday commissioned three million metric tonnes per annum BUA’s Obu Cement factory located at Okpella in Etsako East Local Government of Edo State. Osinbajo who also performed  the ground breaking ceremony of the...

    • Posted August 31, 2017
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  • Stanbic IBTC Group reports N24bn profit in half year 2017

    Stanbic IBTC Holdings Plc, has announced its six months audited results for the period ended June 30, 2017, with gross earnings at N97.198 billion, an increase of 36.28 percent over the N71.320 billion recorded in the corresponding...

    • Posted August 31, 2017
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