Police declare port corridor ticketing, revenue collection illegal
By Godwin Oritse The Western Ports Police Command has intervened in the brewing dispute between the Committee of Maritime Transport Unions and Associations (COMTUA) and the Lagos State Trucks and Cargo Operators Committee (LASTCOC) over the proposed sale of Lagos State revenue tickets along the Apapa and Tin Can Island port corridors. The intervention followed […]
Ecobank total asset hits $17.8bn, unveils electronic banking platform
As part of its support for cash less economy being canvassed by the Central Bank of Nigeria (CBN), Ecobank has launched a new electronic banking platform designed to provide cash management solutions for corporate entities, just as its total assets rose to $17.8 billion.
Rural electrification: Many communities still grope in darkness
When the Nigeria Rural Electrification Programme was launched in 2005, the Federal Government aimed to connect about 1,500 communities to the national grid by 2007, and to achieve 85 percent electrification by 2010 (compared to 40 percent in 2005).
Privatisation: BPE releases PHCN bid documents
In keeping with the revised timeline for the privatisation of the successor companies created from the unbundling of Power Holding Company of Nigeria (PHCN), the Bureau of Public Enterprises (BPE) has released the final industry and transaction documents to the 152 potential investors interested in the privatisation exercise.
Oil prices likely to stay high despite good supply – IEA
The International Energy Agency (IEA) said that tension between Iran and the West is likely to keep oil prices high despite a dramatic improvement in world supply and a big build in stocks.
Shell finds two oil leaks in Nigeria’s Delta
Royal Dutch Shell said it found two fresh onshore oil pipeline leaks in Nigeria’s Delta region last week, three days after the company declared force majeure on exports of the high grade Bonny Light crude due to outages caused by oil theft.
