Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
Food safety: We lack facilities to conduct tests on all drinks – NAFDAC
National Agency for Food and Drug Administration and Control, NAFDAC has said that it lacked adequate laboratory tools to conduct test on all foods and drinks imported or manufactured in Nigeria to certify them fit for human consumption before their release into the market.
Suspend tariff review till after customers enumeration, NAEE tells FG
NIGERIAN Association for Energy Economics, NAEE, weekend, called on the Federal Government and the Nigerian Electricity Regulatory Commission to suspend plans to effect a review in the country’s electricity tariffs, stating that before any change is introduced, electricity distribution companies, DISCOs and other stakeholders should address issues of customers enumeration.
Why marginal fields are not operational
THE President of the Nigerian Association of Petroleum Explorationists (NAPE) said the award of most of the marginal fields to politicians instead of technocrats is one of the things responsible for their non-functioning since 2003.
Rep signifies major changes underway in oil sector
THE Nigerian National Petroleum Corporation (NNPC) may have started measures towards selling the nation’s old refineries, as well as withdrawal of licences from inactive investors in the sector.
Power outage: FG seeks AfDB’s support for distribution network expansion
AS the nation continues to grapple with epileptic electricity supply, the Federal Government has made passionate appeal to the management of African Development Bank, AfDB, to assist in expanding its power distribution network.
