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All posts tagged "headline"

  • Nigeria’s power problem is transmission – Barth Nnaji

    Former Minister of Power of Power, Professor Barth Nnaji said today that the country’s major problem in power supply is transmission where there had been some challenges in evacuating what is being generated. Speaking after a meeting...

    • Posted February 13, 2013
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  • Reps call for construction of 2nd Niger Bridge

    THE House of Representatives has urged the Federal Government to engage the services of a competent contractor to commence the construction of a second Niger bridge to support the one in use currently. This resolution came, following...

    • Posted February 13, 2013
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  • Anxiety as Senators, Reps refuse Jonathan’s request to alter budget

    Anxiety gripped presidency officials and caucus leaders of the Peoples Democratic Party, PDP, in the National Assembly, yesterday, following the rejection of the alterations sought by the presidency into the N4.798 trillion 2013 budget. The legislators at...

    • Posted February 13, 2013
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  • Nigeria’s power generation capacity has improved to about 4,500MW – TCN

    Nigeria’s daily electricity generation capacity is currently fluctuating between 4,400 and 4,500 megawatts, MW, the Transmission Company of Nigeria, TCN, said on Monday. Though the highest peak generation of 4, 517 MW was recorded on December 23,...

    • Posted February 12, 2013
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  • FG approves reduction in company registration fees

    The Federal Government has approved a downward review of the cost of registering a company with the Nigerian Investment Promotion Commission. A statement issued by the NIPC on Monday stated that the approval was given by the...

    • Posted February 12, 2013
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  • Bayelsa approves N4bn for rural electricity

    Communities in the hinterland of Bayelsa State will soon enjoy power supply as the state government has approved N4 billion for rural electrification. The state Commissioner for Energy, Mr. Francis Ikio, disclosed this in Yenagoa while conducting...

    • Posted February 12, 2013
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  • FGN bonds record N174.1bn transactions in one week

    THE Over –The –Counter (OTC) market for FGN bonds last week recorded a turnover of 152.1 million shares worth N174.1billion in 912 deals, in contrast to a total of 162.8million units, valued at N189.9billion, exchanged in 956...

    • Posted February 11, 2013
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  • 3rd Mainland Bridge: ‘Don’t toy with 350,000 motorists’ lives’ – Senator Ashafa

    Senator Gbenga Ashafa yesterday called on the Federal Government not to risk the lives of about 350, 000 Lagosians that use the nation’s longest bridge, the Third Mainland Bridge daily. He said investigation recently carried out by...

    • Posted February 11, 2013
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  • National Assembly summons NNPC boss over $1.5bn loan

    A showdown is imminent between the National Assembly and the Nigerian National Petroleum Corporation (NNPC) over a directive to the indigenous oil company to stop moves to obtain a $1.5 billion loan. NNPC Group Managing Director, Mr...

    • Posted February 11, 2013
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  • South-East summit targets N50 billion MDGs support trust fund

    Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim, Minister for Finance, Dr. Ngozi Okojo-Iweala, are among other personalities in the South-East expected to participate in a-two day summit in Owerri Imo state where...

    • Posted February 10, 2013
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