Business

Fuel scarcity: long queues persist in Abuja

Despite moves by the Pipelines and Products Marketing Company, PPMC, to end the current fuel scarcity that has crippled economic activities in most parts of the nation, long queues remained a constant sight in filling stations in the nation’s capital, Abuja.

Some motorists have attributed [...]

Mon, 07 March 2016


Metering: Discos to lose billing rights unless…

Henceforth, electricity distribution companies that fail to properly meter customers under the Credited Advance Payment for Metering Implementation, CAPMI scheme, may lose the right to bill or disconnect such customers.

The Nigerian Electricity Regulatory Commission, NERC, had directed that any [...]

Mon, 07 March 2016


A meeting between the minister and CCI executives in Abuja.

L-R: President, Abuja Chamber of Commerce and Industry, ACCI, Mr. Tony Ejikeoyen, Minister, Federal Capital Territory, Muhammad Bello, Permanent Secretary FCT, Mr. Babatope Ajakaye, and Vice President ICT, ACCI, Mr.Adesoji Adesugba during a meeting between the minister and CCI executives in Ab [...]

Sun, 28 February 2016


Dwindling economy: NACCIMA urges businessmen to remain positive

As the economic downturn continues to weigh heavily on businesses across the country, the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has called on business operators to shun discouragement and remain positive in their endeavours.

National President of [...]

Sun, 28 February 2016


FG to empower 740,000 youth through agric-business

The federal government has shown interest in carrying on with the Youth Employment in Agriculture Programme, YEAP, introduced by former President Goodluck Jonathan, with a plan to empower 740,000 Nigerians through the programme.

The YEAP programme which was launched in December 2014, aims at cr [...]

Sun, 28 February 2016


Crude oil activities drop, as prices nose-dive

As the prices of crude oil slides downward, exploration and refining activities also seems to have taken similar pattern, with the volume of Crude Oil production dropping by 101,001,899.00 (bbls) between 2013 and 2014.

According to the Selected Oil and Gas Data, crude oil production had dropped [...]

Sun, 28 February 2016


$5.2billion fine: FG, MTN settle out of court

The protracted legal tussle between the Nigerian government and the South African telecommunication company, MTN Nigeria, may have finally been laid to rest as the telecoms company, last week, paid an initial sum of N50billion to the federal government.

The payment could be an off-shot of the e [...]

Sun, 28 February 2016


Federal allocation drops by N17.4billion in January

Allocations to the three tiers of government have continued to drop as disbursement for the month of January 2016 witnessed a N17.4billion drop from the previous allocation.

Figures from the last Federation Accounts Allocation Committee, FAAC meeting suggest that federal, states and local gover [...]

Sun, 28 February 2016


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