CBN grants JPMorgan approval-in-principle to establish merchant bank
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited.
Global Spectrum listing of shares boosts market capitalisation by N4bn
The listing of 800 million shares of Global Spectrum Energy Services Plc on the Nigerian Stock Exchange, NSE, yesterday, boosted market capitalisation by N4 billion.
CESEL partners RSEC on mini grid devt in Osun State
Community Energy Social Enterprises Limited (CESEL), has partnered Renewvia Solar Energy Corporation, REC, for the deployment of electricity in Osun State.
We can’t survive under eligible customer regulation – DISCOs
THE Electricity Distribution Companies, DISCOs, have raised an alarm that the eligible customer regulation would affect their ability to recover revenues from power customers.
Despite attracting $3.5bn, power sector bemoans viability
NIGERIANs’ hope of having stable power supply in short or medium term may be a mirage going by the insidious challenges in the sector which have not yet been tackled head on.
LPG storage increases by 80% in 4 years
FOLLOWING the upsurge of Illegal gas plants and skids across the nation, the Department of Petroleum Resources, DPR, has disclosed that the storage capacity of Liquefied Petroleum Gas, LPG has increased by 80 per cent in Lagos and its environs.
