TCN expresses concern over rising cases of vandalism in Niger State
By Obas Esiedesa The Transmission Company of Nigeria (TCN) has raised concerns over increasing vandalism of power transmission infrastructure in parts of Niger State, warning that the trend poses serious economic, safety and electricity supply challenges. Speaking during a community engagement visit to Lambata in Gurara Local Government Area yesterday, the General Manager, Transmission, Abuja Region, […]
NAIRA DEVALUATION DEBATE: Apex bank’s forex regime creating more problems for the economy – LCCI DG
Just few weeks after the Central Bank of Nigeria (CBN) raised alarm that Nigeria’s economy was sliding into a recession, and may hit full recessionary period in 2016, if measures were not put in place to boost the rate of growth, the former governor of CBN, Sanusi Lamido Sanusi, has called for further devaluation of the Naira.
Nigeria not delisted from transit cargo list —Bello
CONTRARY to media report, the Nigerian Shippers’ Council has said that there was never a time Nigeria was delisted from the list of transit cargo nations.
No justification for electricity tariff hike – Stakeholders
NIGERIANS have been thrown into confusion over whose authority supersedes on the issue of electricity tariff increase. No sooner than President Muhammadu Buhari, assured Nigerians that there will be no hike until supply improved significantly, than the Nigerian Electricity Regulatory Commission, NERC, last week declared a new tariff regime effective from November 1.
Renewables to top Global Power Growth by 2020 – IEA
RENEWABLE energy is expected to represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the France-based International Energy Administration, IEA, said in its annual market report.
Fuel scarcity: Kachikwu ignites hope with new refining models
ONE of the take home messages from the Group Managing Director, the Nigerian National Petroleum Corporation, NNPC, Dr. Emmanuel Ibe Kachikwu, after scaling his ministerial screening was that finally, the nation’s four refineries will be made to work.
No further devaluation of Naira, CBN replies Sanusi
THE Central Bank of Nigeria (CBN) has dismissed the call for further devaluation by the Emir of Kano, and immediate past Governor of the bank, Mallam Muhammad Sanusi II, saying there would be no further devaluation of the naira.
Union Bank sustains positive performance, records N13.17bn PBT in 3rd quarter
UNION Bank of Nigeria Plc has announced impressive financial performance for the nine month period ended September 30, 2015 with the profit before tax for the period growing to N13.17 billion.
OPS woos BOI to cut interest rate on GEF to 5%
THE Organised Private Sector, OPS, has hailed the Bank of Industry (BOI)for the N2 billion Graduate Entrepreneurships Fund it unveiled three weeks ago to tackle youths unemployment in the country.
NNPC, Shell to promote clean operations in Nigeria
THE Nigerian National Petroleum Corporation, NNPC, and Shell Petroleum Development Company of Nigeria, SPDC, have reiterated their commitment to promoting sustainable development in the area of their operations across the country.
Institute focuses on career devt in Nigeria, Ghana
IN a bid to improve the profession of African youths in upholding a sustainable career development in oil and gas, the Robert Gordon University, RGU, of Scotland, has put forward a string of seminars focused on energy and engineering taking place in Nigeria and Ghana.
