All posts tagged "headline"

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  NPA approves N57bn Egina vessel development project

  The stage appears set for the development of a $350m (about N57bn) Egina vessel platform integration in Lagos following the final approval of the project by the Nigerian Ports Authority. The project, which is being handled as...

  • Posted October 17, 2013
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  FG woos Brazilians to invest in power

  To ensure rapid development of electricity distribution, the Federal Government has appealed to the Brazilian Government to invest in Nigeria’s power sector with a view to revamping the ailing sector. The Minister of Power, Prof. Chinedu Nebo...

  • Posted October 16, 2013
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  How we spent N453bn on Sure-P — Presidency

  The Presidency on Monday explained how it spent the some of N453.52bn budgeted for the Subsidy Re-Investment Programme in the last two years. The breakdown of the amount showed that in 2012, N180bn was budgeted for the...

  • Posted October 16, 2013
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  Consumers berate PHCN over pre-paid meters

  Some industrialists in Lagos have criticised the Power Holding Company of Nigeria, PHCN, for failure to supply them pre-paid meters after they had applied for the meters some years ago. They alleged that some PHCN officials told...

  • Posted October 16, 2013
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  Oil audit: EITI wants Nigerians to demand enforcement

  The Extractive Industries Transparency Initiative – a global body that ensures transparency around countries’ oil, gas and mineral resources – on Monday urged Nigerians to demand the implementation of the recommendations of the nation’s oil sector audit...

  • Posted October 16, 2013
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  Capital market stakeholders seek tax incentives

  Two capital market stakeholders, on Monday called for the introduction of tax incentives by the Federal Government to deepen the growth of the Nigerian Stock Exchange. They told the News Agency of Nigeria in Lagos that there was the...

  • Posted October 16, 2013
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  World Bank pledges $1.4m for Nigeria’s power, infrastructure

  The World Bank has pledged to support Nigeria’s power sector and infrastructure development with about $1.4m, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, announced in Washington DC, United States of America. The minister said this when she...

  • Posted October 16, 2013
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  Nigerian banks can’t fund power’s $8bn/yr needs — FBN

  FBN Capital Limited has declared that Nigerian banks cannot fund the $8 billion yearly power needs alone and thus called for the support of institutional and foreign investors to fund the huge resources needed to drive various...

  • Posted October 15, 2013
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  Shell shuts-in 150,000 barrels of crude over pipeline fire

  Nigeria crude output dropped by an additional 150,000 barrels per day, as Shell Petroleum Development Company, SPDC, yesterday, shut down a section of its Trans Niger Pipeline, TNP, due to a fire outbreak along the pipeline’s right...

  • Posted October 15, 2013
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  Business confidence level falls to 17%

  The confidence level of doing business in Nigeria decreased from 24 per cent in the third quarter of 2013 to 17.6 per cent in the fourth quarter of the year, the Lagos Chamber of Commerce and Industry...

  • Posted October 15, 2013
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