Business

Delta State unveils roadmap to unlock 3,000MW potential

Delta State unveils roadmap to unlock 3,000MW potential

..Transcorp, Manitoba, InfraCredit, CNG Initiative pledge investmentsBy Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko AkuophaASABA—Delta State yesterday unveiled a roadmap to unlock its nearly 3,000 megawatts of installed electricity generation capacity, with plans to establish a Delta State Electricity Regulatory Commission and a Delta State Rural Electrification Agency, as major investors in the power […]
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NPA engages 16 new pilots, presents certificates

NPA engages 16 new pilots, presents certificates

As part of measure to increases the number of pilots in its employment, the Nigerian Ports Authority (NPA) has engaged the services of the 16 successful candidates that scaled its pilot’s examination for new pilots.

N800m consignment trapped at port over absence of cargo equipment

N800m consignment trapped at port over absence of cargo equipment

Despite payment of N226 million duty on its N800 million worth of iron rod consignment by B/ Bird Capital with loan facility, the goods are still trapped at the Josephdon terminal in Tin_can Island port for over four weeks after obtaining all relevant clearing documents.

FG earns $51.64 million from Onne Port in 40 months

FG earns $51.64 million from Onne Port in 40 months

The Federal Government earned about $51.64 million as fees paid by the concessionaire of the Onne Ports in Rivers State between 2006 and April 2009. The Commercial Manager of Intels Nigeria Ltd, Mr Akintoye Akinpelu, disclosed this while receiving the House of Representatives Committee on Privatisation and Commercialization at the Onne Port on Saturday.

NSE trading grounded as system fails

NSE trading grounded as system fails

Transaction on the Nigerian Stock Exchange (NSE) was put in abeyance owning to the grounding of a power panel that helps to supply power to the trading machine on the trading floor.