All posts by BusinessNews Staff

• 
  Grid loses 3,500mw as gas, frequency leave 36 turbines idle

  The electricity grid lost 3,500 megawatts (mw) last Wednesday due to shortage of gas, transmission frequency issue and the inability of feeders across some Distribution Companies (DisCos) to take power. The grid also dropped by 553mw last...

  • Posted July 5, 2017
  • 0
• 
  TCN to build 2 substations in Kaduna, Zaria

  The Transmission Company of Nigeria (TCN) has disclosed that it is prepared to build two new 330KV substations in Kaduna and Zaria, and four additional 132 KV substations at Rigasa Kakau, Rigachun and Jaji, while it will...

  • Posted July 5, 2017
  • 0
• 
  NNPC, international firms lift N11trn oil in 12 months

  The Nigerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs) operating in the country including independent oil companies lifted  crude oil and condensate worth over $36.023 billion between March 2016 and March this year, according to...

  • Posted July 5, 2017
  • 1
• 
  Orange, Vodafone in race for Etisalat Nigeria

  Orange and Vodafone Group are in “strong running” to buy 65 per cent of Etisalat Nigeria following Etisalat’s exit from the troubled operator, according to local sources. According to Brandish, “no fewer than five” companies have expressed...

  • Posted July 4, 2017
  • 0
• 
  FG, States, LGs share N2.27tn in five months

  The Federation Accounts Allocation Committee shared a total sum of N2.27tn among the three tiers of government in the first five months of this year. An analysis of the FAAC distribution by our correspondent in Abuja on...

  • Posted July 3, 2017
  • 0
• 
  FG woos financiers for refineries repair

  Efforts by the federal government to revamp the country’s ailing refineries through private investors funding of the repairs and operations of the facilities recently encountered rancorous opposition by Nigerians. Speculations suggesting that the government might have already...

  • Posted July 3, 2017
  • 0
• 
  Diesel prices drop after NNPC intervention

  The recent intervention of the Nigerian National Petroleum Corporation (NNPC) which led to a 42 percent fall in the price of diesel has continued to sustain the downward price across the country. NNPC said in a statement...

  • Posted July 3, 2017
  • 0
• 
  Ajaokuta Steel not mature for privatisation – Stakeholders

  The Ajaokuta Steel Company has not yet matured for privatisation as doing so without completing the project would amount to selling the company as scrap to buyers. This is the consensus of stakeholders in the iron and...

  • Posted July 1, 2017
  • 0
• 
  AfDB to empower 36,000 youths on agriculture

  The Country Director, African Development Bank (AfDB), Mr Ebraima Faal, said the bank is working on empowering 36,000 youths across 36 states of the federation on agriculture. He disclosed this in Abuja, when he presented his letter...

  • Posted July 1, 2017
  • 0
• 
  SEC extends deadline for e-dividend registration to December 2017

  The Securities and Exchange Commission (SEC) has extended the deadline for  stoppage of issuance of physical dividend warrants in the nation’s capital market to Dec. 31, 2017. Mr Naif Abdussalam, SEC Head, Corporate Communications disclosed this in an...

  • Posted June 30, 2017
  • 0