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NEITI clarifies alleged NNPC  unremitted $22.8bn

NEITI clarifies alleged NNPC unremitted $22.8bn

THE Nigerian Extractive Industries Transparency Initiative, NEITI, has recanted its earlier position that it uncovered $22.8 billion unremitted oil revenue by the Nigerian National Petroleum Corporation, NNPC.

Nigerian food companies shun labelling requirement

Nigerian food companies shun labelling requirement

MOST food manufacturing companies in Nigeria have not complied with the recommendation to adopt the Nigerian Heart Foundation, NHF, Heart Check Food Labelling programme introduced in 1988.

Benin Power Company plans N45bn investments

Benin Power Company plans N45bn investments

The Benin Electricity Distribution Company (BEDC) said to overcome the power challenges in the areas covered by it, over N45 billion would be required in order to improve the network and increase meter availability.

CBN to mop up N1.8tr in  3 months

CBN to mop up N1.8tr in 3 months

THE Central Bank of Nigeria, CBN, yesterday unveiled plans to mop up N1.866 trillion from the banking system through the sale of treasury bills.

N27.5bn: Power failure stalls Atuche’s trial

N27.5bn: Power failure stalls Atuche’s trial

Further hearing of the on-going trial of former Managing Director of Bank PHB, Mr. Francis Atuche, over alleged N25.7 billion theft preferred against him and two others was yesterday stalled due to epileptic supply of electricity.

APC’s Challenging Road Map

APC’s Challenging Road Map

WHERE would the 10-point road map of All Progressives Congress, APC, lead? APC claims it will unchain the potentials of Nigeria, leading it to peace, progress, and prosperity.

25 killed as Fulani herdsmen, Tiv youths clash in Benue

25 killed as Fulani herdsmen, Tiv youths clash in Benue

NO fewer than 25 persons were feared dead, Monday, in a fresh outbreak of heavy fighting between suspected fulani mercenaries and Tiv youths at Agasha and Yelwata, in Guma local government area of Benue State.

Power: FG suspends implementation of TEM indefinitely

Power: FG suspends implementation of TEM indefinitely

THE Federal Government, yesterday, gave indications that it has suspended the planned implementation of the Transitional Electricity Market, TEM, indefinitelyas it disclosed that it is not concerned about the declaration of TEM, but is instead bothered about putting the right market conditions in place for the sector to thrive.