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FG woos Brazilians to invest in power

To ensure rapid development of electricity distribution, the Federal Government has appealed to the Brazilian Government to invest in Nigeria’s power sector with a view to revamping the ailing sector.

FG begins full payment to 38,000 PHCN workers

…Verifying cases of 6,700 other staff By Chris Ochayi The full payment of entitlements to 38,000 workers of the Power Holding Company of Nigeria, PHCN, has commenced. The Director General the Bureau of Public Enterprise, BPE, Mr. Benjamin Ezra Dikki, disclosed this during the visit of the House of Representatives Committee on Privatisation and Commercialisation […]

Consumers be rate PHCN over pre-paid meters

Some industrialists in Lagos have criticised the Power Holding Company of Nigeria, PHCN, for failure to supply them pre-paid meters after they had applied for the meters some years ago.

FG records success in Zamfara lead poisoning

THE Federal Government said its intervention in the Zamfara State lead poisoning has yielded remarkable achievements since 2010, when it carried out the cleaning of the affected areas.

Beware of ‘One-Chance Investment’

One of the noticeable features of complaints received from investors over time is that many have fallen victim of what can be described as ‘one-chance investment’. For the benefit of those not familiar with the term one-chance, it is a term created by commercial busses in Lagos. For example, when 13 passengers have boarded a 14 seater commercial bus, the bus conductor, in a bid to attract the last passenger will began to shout, “ Oshodi, Oshodi, one-chance”.

Nigeria – Cold Facts of Crude Oil Theft

Felix ayanruoh There is a troubling, perceived pertinacious inaction by the government to curb the problem of oil theft that is bedeviling our nation’s economy. According to the London-based research group – Chatham House, “Oil is being stolen on an ‘industrial scale’ in Nigeria, the world’s 13th largest producer, and the country’s politicians and security […]

Nigeria’s iron ore quoted on ASE

MINISTER of Mines and Steel Development, Mr. Musa Sada, said about 500 million metric tonnes of the nation’s iron ore is quoted on the Australian Stock Exchange, ASE, according to a data recently released.

Complaints and investigations

Dear Investors Forum, thank you so much for championing my struggle to have DataMax Registrars pay my controverted GTB dividend. Your publication of my case in the Vanguard edition of Tuesday, Sept. 17 woke them up from their reverie of false sense of victory over me. After a flurry of telephone calls following the publication, DataMax finally admitted their crime or offence or error and lodged my money on Friday last week. Yes! Vanguard’s ink of altruism has proven mightier than DataMax’s sleight of the accounting pen! I can truly, deeply appreciate you for I am in the news media myself; I work for a private TV station in Anambra State. I can’t thank you enough, my brethren, our print media ambassadors. God bless u all. -UDENTA CHRIS C.

SEC should ensure proper utilisation of newly acquired Growth Fund

I think it will bring about more investments. This is a civilized country, and we need to enlighten people. Even SEC has told us that it needs so many shareholders’ associations; that the ones in existence are not enough. With the international Growth Fund it has acquired, we only pray that it would be used for the purpose it is meant for, which is for the development of the capital market. It will not make sense if they keep acquiring fund and we don’t seeing the benefits of the fund.

Airtel to make 60 people millionaires in 60 days

In keeping with its vision to become the most loved brand in the daily lives of Nigerians, leading Telecommunications Service Provider, Airtel Nigeria has launched a new consumer promo to reward existing and prospective customers.

Shell shuts-in 150,000 barrels of crude over pipeline fire

Nigeria crude output dropped by an additional 150,000 barrels per day, as Shell Petroleum Development Company, SPDC, yesterday, shut down a section of its Trans Niger Pipeline, TNP, due to a fire outbreak along the pipeline’s right of way.

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