All posts tagged "headline"

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  Kaztec, Shell sign $84.5m pipeline contract

  Kaztec Engineering Ltd, KEL, a member of the Chrome Group, has won a $84.5 million for the engineering procurement and construction, EPC contract of Shell Nigeria Exploration and Production Company, SNEPCo’s Trans-Niger Pipeline, TNP. The signing of...

  • Posted July 16, 2013
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  NLNG/NIMASA row: Marketers run to Niger for LPG

  The row over levy between the Nigeria Liquefied Natural Gas (NLNG) Limited and Nigerian Maritime Administration and Safety Agency (NIMASA) has forced liquefied petroleum gas, LPG, dealers in the country to import the product from neighboring Niger...

  • Posted July 16, 2013
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  World Bank faults FG’s management of oil reserves

  The World Bank has faulted the Federal Government’s management of oil revenues, and also warned that the country faces serious challenges in sustaining the momentum of its fiscal consolidation and reserves growth. The bank’s warning comes ahead...

  • Posted July 16, 2013
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  High voltage caused nationwide power failure – TCN

  The total power failure experienced nationwide last Thursday was caused by high voltage, the Transmission Company of Nigeria has said. The blackout, which occurred around 1.55pm on the fateful day, resulted in a complete system collapse. TCN...

  • Posted July 15, 2013
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  Subsidy debt: Marketers threaten to stop petrol importation

  The Major Oil Marketers Association of Nigeria,  whose members comprise Conoil, Forte, MRS, Mobil, Oando and Total, has threatened to stop importation of petrol due to the non-payment of their N40.6bn subsidy claims by the Federal Government....

  • Posted July 15, 2013
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  NLC worries over review, hike in power tariffs

  NIGERIA Labour Congress, NLC, weekend, expressed concern over incessant and exorbitant review of electricity tariff by Federal Government. It called on the government to direct Nigerian Electricity Regulatory Commission, NERC, to  urgently review downward the entire multi-...

  • Posted July 15, 2013
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  “Nigeria loses $100m annually on shipping” – Egesi

  When the cabotage regime came on stream, the intention was to stimulate the development of indigenous capacity in the Nigerian maritime industry. Ten years down the line, many Nigerians are wondering whether the law has actually taken...

  • Posted July 15, 2013
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  Air France partners Airtel Money as a payment option for flight tickets

  Bharti Airtel (“Airtel”), a leading telecommunications services provider with operations in 20 countries across Asia and Africa, has signed a partnership Agreement with Air France which will enable customers to purchase flight tickets from the French airline...

  • Posted July 15, 2013
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  TB share price rises by 2.83% on interim dividend announcement

  Investors swooped on the shares of Guaranty Trust Bank, GTB, last week after the bank said that its Board of Directors will be meeting this week to consider the possibility of paying an interim dividend. GTB had...

  • Posted July 15, 2013
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  Nigerian stocks hit four consecutive days of gains

  What shaped the past week Global Markets This week marked the start of earnings seasons and Global markets, specifically the U.S and European markets, opened the week positive on speculation Global companies will report better-than-forecasted earnings and...

  • Posted July 14, 2013
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