In line with President Goodluck Jonathan administration’s power sector reform; the Federal Government has promised that 10 National Independent Power Projects, NIPPs, will be ready in the second quarter of 2014.

The Federal government owes importers of petroleum products over N220 billion claims under the Petroleum Support Fund, PSF. As a result, the marketers said they may not be able to adequately supply products during the Yuletide season unless the debts are cleared.

THE Federal Government has earned about N389.975 million from the issuance of operating licenses to the new owners of the privatised assets of the Power Holding Company of Nigeria, PHCN.

Operating licences issued to the new owners of the privatised Power Holding Company of Nigeria, PHCN companies, and other operators in the power sector is valid only for 10 years, the Federal Government has said.

Isaac Dorsu is a happy man. His infectious laughter starts from somewhere inside him and then comes out in a throaty roar that makes you laugh along. Ask him the reason for his mirth and he will tell you it’s the development that Itsekiri Regional Development Committee (IRDC) has brought to Itsekiri land since it signed a Global Memorandum of Understanding (GMoU) with NNPC/Chevron Joint Venture (JV).

Twenty eight companies were adjudged as the best places to work in Nigeria because of their strong ethical standards and work-friendly environment.

PRESIDENT Goodluck Jonathan has reconstituted an Inter Ministerial Task Team, IMTT, to implement the recommendations of Audit Reports of the Nigeria Extractive Industries Transparency Initiative, NEITI.

In an attempt to best achieve self sufficiency of petroleum product in Nigeria, within a strong commercial framework, the Nigerian government constituted the National Refineries Special Task Force (NRSTF). “Changes in the ownership structure and business model of the refineries are necessary, in order to turn them around” the NRSTF recommended, “the Federal Government should relinquish control of the operation and management of the three Nigerian refineries by divesting a majority of its 100% equity to competent, resourceful and experienced refining private partner(s) in accordance with the Public (Privatisation and Commercialisation) Enterprises Act 1991.”

At a major forum convened by the World Bank Group at the just concluded IMF/World Bank Group Annual Meetings in Washington DC, bankers, financial leaders and government functionaries of member countries set a goal of achieving universal financial access by 2020 as a way to accelerate economic progress and reduce extreme poverty.

The introduction of the new trading engine, X-Gen, by the Nigerian Stock Exchange, NSE, will likely prolong the current downturn in the stock market in the last quarter of the year, said analysts at BGL Securities Limited.

The Nigerian pension fund assets is being anticipated to grow to N10 trillion by December 2014 following expected increase in the return on investment by Pension Fund Administrators (PFAs).

By Allwell Nwankwo Two weeks ago, many organisations celebrated the customer service week. It’s quite heart-warming that the celebrations are catching on in this part of the world. Some companies took out adverts in newspapers to appreciate their customers. Of course, many also sent text messages (I received quite a few) and even offered commemorative […]

By Peter Osalor WHO IS AN ENTREPRENEUR? There are many differing views on what makes someone an entrepreneur and what an entrepreneurial venture is. The term itself is believed to have originated from French, coined by a French economist, Jean-Baptiste Say, in about 1800, who defined an entrepreneur as “one who undertakes an enterprise , […]

The Federal Government has been urged to restructure all export-related agencies to take further stimulus measures and support industries to expand export in the country.

The Advertisers Practitioners Council of Nigeria, APCON is set to tighten regulations on all forms of advertising carried out through the internet medium.