Manitoba: Contract cancellation, harmful to Nigeria – Experts

Manitoba: Contract cancellation, harmful to Nigeria – Experts

The Federal Government’s decision to cancel the contract with Manitoba Hydro over the management of the Transmission Company of Nigeria, TCN, is harrmful to the Nigerian economy, and will further worsen the current power situation, according to economic analysts and stakeholders in the power sector.
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Reps summon NNPC over N7bn revenue shortfall

Reps summon NNPC over N7bn revenue shortfall

House of Representatives Committee on Public Accounts, yesterday, resolved to summon the management of Nigerian National Petroleum Corporation, NNPC, to appear before it for seven consecutive days to explain the shortfall of N7 billion in government revenue from the corporation in 2006.

FCTA warns developers against structures on Airport road

FCTA warns developers against structures on Airport road

Federal Capital Territory administration (FCTA) has warned real estate developers to stop on going development of buildings along Abuja airport road despite the temporal suspension placed on further demolition exercise in that axis.

Power: Omotosho to add 500mw by December – NDPHC

Power: Omotosho to add 500mw by December – NDPHC

The Management of Niger Delta Power Holding Company (NDPHC) Limited has assured Nigerians that Omotosho Power Plant Phase ll is ready to contribute additional 500 megawatts to the national grid by December.

Road crashes: FRSC advocates Speed Calming Devices

Road crashes: FRSC advocates Speed Calming Devices

The Corps Marshal and Chief Executive of the Federal Road Safety Corps, Osita Chidoka has advocated for the introduction of speed calming devices on some sections of the highways as part of measures to curb excessive speed among drivers in the country.Making a presentation during a courtesy visit at the national headquarters of the Federal Roads maintenance Agency (FERMA), the Corps Marshal observed that FRSC findings in week 45 indicate that speed violation was predominant cause of 142 road crashes recorded across the country with 64 cases, followed by loss of control, tyre burst, dangerous driving and wrongful overtaking.

Tripple Gee grows profit by 112.66%

Tripple Gee grows profit by 112.66%

Triple Gee & Company Plc, a major security printing company in Nigeria, said it has steered its business back profitability following diversifications made in the course of 2011 financial year.

Subsidy removal: NUPENG, PENGASSAN warn of imminent fuel scarcity

Subsidy removal: NUPENG, PENGASSAN warn of imminent fuel scarcity

NIGERIANS are at the risk of witnessing a worse fuel scarcity situation and high cost of petroleum products if the federal government went ahead to make good its threat to finally withdraw oil subsidy without the four refineries becoming fully operational, oil workers warned.

NGO to partner Finnish varsity on renewable energy

NGO to partner Finnish varsity on renewable energy

The Governing Council of the International Inner Wheel of Nigeria has declared its intension to partner experts at the Laurea University of Applied Sciences, Finland, inventor of cheap solar energy, on the provision of renewable energy in specific rural areas in Nigeria.

Tension in CBN over appointments, promotions

Tension in CBN over appointments, promotions

ALLEGED favouritism and politicization of appointments and promotion of staff by the Central Bank of Nigeria, CBN, are reportedly causing tension and disaffection in the nation’s apex banking institution.

Experts advocate energy efficiency as road map for national devt

Experts advocate energy efficiency as road map for national devt

A TWO day national energy efficiency summit which ended in Abuja at the weekend has called on the Federal government to create an enabling environment and adequate awareness on the importance and gains of energy efficiency in meeting national development.