Forte Oil to raise capacity of Geregu Power Plant to 435Mw
Forte Oil Plc said it plans to grow its profit after tax for the financial year ended December 2016 to N11.09 billion. The company also targets profit before tax of N12.84 billion for the same period, while the revenue for the period is expected to settle at N22.30 billion.
WEMA bank Plc: Remarkable Survival Instinct Still At Work
Since 1945 when it commenced operations, Wema Bank has continued to show sufficient resilience having survived through numerous challenging times and circumstances to stand today as the only surviving bank among its indigenous peers. As at 2014, it operated with a regional banking license with branches spread across some 130 locations.
Enugu is in the hands of God —Gov Ugwuanyi
Governor of Enugu State, Chief Ifeanyi Ugwuanyi has lamented the poor economic situation in the country following dwindling oil revenue, saying that the sustenance of the state was in the hands of God.
One hospitalised in Lagos auto crash
LAGOS—One person has been reportedly hospitalised in an accident involving a DAF truck and a Honda vehicle at Kirikiri area of Lagos, opposite Nigeria Maritime Administration and Safety Agency, NIMASA, building.
4 feared dead in fresh Share, Tsaragi communal clash
No fewer than fourpeople were feared dead while thirty others were injured and 50 houses razed in renewed communal clash between the people of Share and Tsaragi despite the curfew imposed by Kwara State Government.
Power alone gulps 40% of production cost – MAN
The Manufacturers Association of Nigeria (MAN) has said that because of insufficient power supply, over 40 per cent of production cost in Nigeria goes into electricity generation by manufacturers. Mr Regard Odiah, a member of MAN and Chairman, Technical Committee on Operationalisation of Micro-Grid for Industrial Initiative, made the statement in Abuja when he presented the report of the committee to NERC.
