CBN unveils new FX guidelines, approves cash movement of $50,000
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the movement or import of cash of up to […]
FG to harvest 10.8MW power from wind farm
The Federal Government said the country’s first ever wind-propelled power project, due for commissioning in July this year in Kastina State, will contribute about 10.8 mega watts to the national grid.
Lagos unveils first household energy and emission calculator
The Lagos State Government, through the Ministry of Energy and Mineral Resources and its implementation agency the Lagos State Electricity Board (LSEB), will today launch the first consumer focused Household Energy and Emission Calculator in Nigeria.
Shell assessing $4bn Nigeria oil projects
The Chief Executive of Royal Dutch Shell Plc, Mr. Peter Voser, has revealed that the oil major is assessing projects that could be worth up to $4billion to boost oil production in Nigeria and cut flaring of associated gas.
Power: Imoke calls for review of gas pricing policy
Cross Rivers State Governor, Mr. Liyel Imoke, has called on the Federal Government to review the current natural gas pricing template, saying that current structure had over the years remained a major disincentive to the gas to power programme and attendant electricity supply shortages in the country.
PETROL SUBSIDY: FG paying for corruption – David West
FORMER Minister of Petroleum Resources, Professor Tam David West has described of petroleum subsidy as worse than the convicted former governor of Delta State, James Ibori.
