Africa needs $200bn yearly energy investment — IPPG
•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
Customs collects N185bn in first quarter of 2012
THE Nigeria Customs Service (NCS) has collected a total of N185 billion from its 30 area commands across the country for the first quarter of 2012, an indication that its N1 trillion revenue target for the year may not be realisable.
Investors seek national policy for Free Trade Zones
DOMESTIC and international investors have called for a national policy for the operation of Free Trade Zones in the country.
Lack of funds frustrate overtime cargoes transfer
Lack of funds maybe frustrating timely transfer of overtime cargoes to the Ikorodu Lighter Terminal (ILT) from the Lagos ports by the Ports Reforms Monitoring Committee.
NTOA laments high cost of fish production
NIGERIA Fish Trawler Owners Association of Nigeria (NTOA) has raised alarm over production cost in the industry “saying “each vessel consumes an average of 60 tonnes of diesel daily and that is N10 million per 45-day fishing trip.
Bankers C’ttee to develop IFRS competences with N500m
The Bankers Committee has voted N500 million for the development of skills and competencies in the banking industry for implementation of International Financial Reporting Standards (IFRS).
