Business

Fraud: CBN wields big hammer, suspends officials

Some staffers of the Central Bank of Nigeria, CBN, are currently on suspension to allow for proper investigation over the recent attempt to defraud the apex bank.

Though the bank has been silent on the affected staff, sources say top officials of the bank have been suspended over the racket, wh [...]

Sun, 13 March 2016


An oversight visit of the committee to SEC headquarters in Abuja.

L-R, Deputy chairman, House Committee on Capital Market, Nwulu Chinedu, DG, Securities and Exchange Commission, Mounir Gwarzo, chairman of the committee, Tajudeeen Yusuf and a member of the committee, Damburam Abubakar, during an oversight visit of the committee to SEC headquarters in Abuja.

Mon, 07 March 2016


“Addressing Future Challenges of the Energy Sector: The Renewable Energy Path.’’ in Abuja.

L-R: Director of Energy, Cranfield University, UK, Prof. Feargal Brennan, Director of Gas, Ministry of Petroleum Resources, Mr. Armaya’u Kurfi and Acting Executive Secretary, Petroleum Technology Development Fund, Mr. Ahmed Aminu during a seminar; “Addressing Future Challenges of the Energ [...]

Mon, 07 March 2016


FG would not probe Adesina, says Ogbeh

Contrary to claims in some section of the media that the current Minister of Agriculture and Rural Development, Chief Audu Ogbeh, would be probing former minister, Dr. Akinwunmi Adesina, Ogbeh said he has only commendation for his predecessor.

The minister, who spoke at an interactive session w [...]

Mon, 07 March 2016


Power generation hits 4,200MW

Power supply across the country is gradually picking up, as the Transmission Company of Nigeria, TCN, reveals that power generation has moved up to 4,200 megawatt, MW, after the sharp reduction from the 5,074MW generation peak recorded on February 2, 2016.

Nigeria’s average electricity gr [...]

Mon, 07 March 2016


Nigeria unveils enhanced data platform to drive FDI

In a bid to ensure the availability of reliable data and also drive foreign direct investment to the country, the National Bureau of Statistics, NBS, last week launched the Enhanced General Data Dissemination System, EGDDS.

Unveiling the platform in Abuja, the Statistician General of the Federa [...]

Mon, 07 March 2016


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


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