Business

FG to unbundle NNPC into four companies

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said the Nigerian National Petroleum Corporation, NNPC, would soon be unbundled into four companies for efficient operation.

Kachikwu, who stated this in Abuja during a press conference, said the unbundling is part of the final [...]

Sun, 20 December 2015


New companies to generate over 1000 megawatts - NERC

The eight newly licensed electricity generating companies, GENCOs, are expected to boost power generation with a combined capacity to generate 1,648.25 megawatts of electricity, the Nigerian Electricity Regulatory Commission, NERC, has hinted.

According to the commission, the licences is a mixt [...]

Sun, 20 December 2015


Scam alert: CBN cautions customers on BVN messages

The Central Bank of Nigeria has advised bank customers to be wary of fraudsters who trick people into releasing their bank details through fraudulent messages purportedly asking them to complete their Bank Verification Number, BVN registration process to avoid the deactivation of their accounts.

< [...]

Sun, 20 December 2015


Minister canvasses agric subsidy

As the clamour for the removal of petroleum subsidy deepens in some quarters, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has called for the diversion of the subsidy fund to agriculture.

Ogbeh, who made the call at an interactive session with the House Committee on Agri [...]

Sun, 20 December 2015


Chinese coys propose multimillion dollar investment in Nigeria

In furtherance of the proposed multi-million dollar investment by some Chinese companies into key sectors in Nigeria, a Chinese company, HellogJiang Pingyuan Rice Group, has proposed a $300 million rice project in the country.

Chief Executive Officer of the group, Mr. Wang Jing Xin, disclosed t [...]

Sun, 20 December 2015


CBN bans BDCs from multiple outlets, street trading

Operators of Bureaux de Change, BDCs, across the country have until March 10, 2016, to shut down all branch operations except for its registered office, or risk facing sanctions from the central bank.

A recent guideline from the CBN also advised operators to cut off all business relations with [...]

Sun, 20 December 2015


Public hearing on the Management of Treasury Single Account at the National Assembly in Abuja, recently

L-R: Accountant General of the Federation, Mr. Ahmed Idris, Deputy Governor, Operations, Central Bank of Nigeria, Mr. Sulaimon Barawu and Governor, CBN, Mr. Godwin Emefiele at the public hearing on the Management of Treasury Single Account at the National Assembly in Abuja, recently. Photo: Wa [...]

Mon, 14 December 2015


FCT residents set agenda for new minister - By Austine ELEMUE & Cecilia KADIRI

Residents of the Federal Capital Territory, FCT, have set an agenda for the next minister of the territory expected to assume office when President Muhammadu Buhari assigns portfolios to already confirmed ministerial designates by the Senate later in the week.

Top on the bill of their wish-list [...]

Wed, 18 November 2015


Search

Latest posts

PhotoFCT IRS set to commence operations, Bello pledges early passage of 2018 budget

Minister of the Federal Capital Territory Administration, Malam Muhammad Bello, has assured residents of the territory that the FCT Interna [...]

27 October 2017

PhotoBwari leadership tussle: Bello appoints new Sarkin

As part of measures to end a [...]

27 October 2017