The Nigerian Electricity Regulatory Commission (NERC) said the electricity distribution companies (Discos) have been given the authority to disconnect supply to consumers who fail to pay up their bills after cutting tariff. The Chairman of NERC, Sam Amadi, stated this in Abuja while announcing
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The Nigerian Civil Aviation Authority (NCAA) on Monday, said the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport, Abuja would soon be certified by the authority. The authority’s Director General, Capt. Muhktar Usman, said this during a media chat with aviation correspondents in Lagos. Usman pointed out that safety and
The once active Code Division Multiple Access (CDMA) subsector of the telecoms industry has been declared as a ‘crowd graveyard’ that litter the country, going by the latest statistics from the Nigerian Communications Commission (NCC). According to the telecoms industry regulator, CDMA lines dropped from a whopping figure of 2,187,845 to 2,108,960 between the period […]
The Nigerian Communications Commission (NCC) has indicated that about 115 Internet Service Providers (ISPs) operating in country risk being declared illegal operators by the Commission as their licenses had expired. The licenses of around 24 other ISPs ended before the end of the 2014. The expired licenses of the 115 are expected to be renewed before […]
The chief commercial officer of Africa World Airlines (AWA) Ms. Tosan Katherine-Lois Woode, in this interview with CHUKWUEMEKE IWELUNMO offers an appraisal of the performance, challenges and short-comings of the continent’s aviation sector from an operator’s perspective. You have worked in the airline sub-sector for 11 years. Why do you think African airlines have
The crude oil price which has been falling has continued to lower the country’s monthly revenue prospects as gross receipts for February dropped by N14.62 billion to N401.46 billion compared to N416.09 billion the previous month. However, total distributive revenue of N522.05 billion was shared among the three tiers of government for February compared to […]
The independent oil and gas companies may have been breaching on the nation’s petroleum regulations with the high level of defaults in payment of royalties and taxes on the operated oil fields. The Department of Petroleum Resources (DPR), which revealed this at the Nigeria Oil and Gas Conference and Exhibition (NOG), said the indigenous upstream […]
President Goodluck Jonathan, on Monday, performed the official launch of the Development Bank of Nigeria (DBN). The bank is expected to provide long term loans to Micro, Small and Medium Enterprises (MSMEs) in the country. The Federal Executive Council had recently approved a multidonor credit facilities from the International Bank for Reconstruction and Development of
Shell Petroleum Development Corporation (SPDC) and its joint venture partners are to generate about $50 million from the SPDC’s Afam Vl power plant. The Afam VI power plant began generating electricity, fed by natural gas from the Okoloma gas plant in October 2008. The power plant began producing over 400 MW to the national grid, […]
Heathrow has announced a new package of commitments deliverable with expansion, designed to connect the UK’s nations and regions to growth markets around the world. Taken together they have the potential to deliver billions of pounds worth of trade and investment opportunities, reversing a lost decade of connectivity which has seen regional connections to long-haul […]
There appear to be a silver lining in the sky for the oil and gas sector in Nigeria as President Goodluck Jonathan assured Nigerians during the just concluded Presidential debate organised by the Nigeria Election Debate Group that the issue of oil theft will be tackled through the use of technology. President Jonathan disclosed that […]
The Federal Government has disclosed that a National Renewable Energy and Energy Efficiency Policy have reached the final approval stages ahead of its implementation. Minister of Power, Mr. Chinedu Nebo, stated this at the power forum session of the Nigeria Oil and Gas (NOG) . As a springboard support for the policy, Nebo said the […]
The president of the Nigerian stock Exchange, (NSE) Aigboje Aig-Imoukhuede, has urged Women in Management and Business (WIMBIZ) to sustain efforts geared towards raising the level of women participation in the economy, as this was the best time for making investments in the country. Aig-Imoukhuede made the call at the WIMBIZ 14th Annual Lecture held […]
Professional business developers under the aegis of Institute of Business Development (IBD) has identified a synergy between the institute and stockbrokers as critical to the growth of the Nigerian economy. Pushing for the partnership, the institute prescribed the enhancement of business development strategies and long-term investments as veritable tools for improving the
Shell has warned that fiscal stability is crucial to survive the current low oil price climate, else investments could dry up fast with production levels declining shortly afterwards. Vice President, Nigeria and Gabon Shell Up-stream, Markus Droll, made this assertion in his presentation on at the on-going Nigeria Oil and Gas (NOG) conference in Abuja, […]
Lafarge Africa Plc has named a new chairman for the company pending the effective retirement of Chief Olusegun Osunkeye, on May 23rd 2015. From the conclusion of the 2015 Annual General Meeting, Lafarge announced that Osunkeye will retire voluntarily as Chairman of the Board of Directors of Lafarge Africa Plc, having served as a Director […]
The Chief Executive Officer of Total’s Nigerian producing unit, Elizabeth Proust has said that the French oil firm plans to see to the completion of two major projects in Nigeria this year that will add 60,000 barrel per day (b/d) of oil output to its portfolio despite the fall in oil prices. Proust said on […]
The federal government has disclosed that it has turned its main focus to Asian markets as the United States has stopped buying crude oil from Nigeria and other African oil producers, having attained self-sufficiency. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Joseph Dawha made this disclosure in Abuja while making […]
The Federal Government has taken vital steps in resuscitating the electricity sector – from privatisation, intervention funds, meter procurement, and investment in new power plants to mention a few. It is understandable that these fundamental changes will take time to fully turn the sector around and assure Nigerians of constant power supply. As the Honourable […]
The Federal Government has expressed confidence that the Petroleum Industry Bill, (PIB), before the National Assembly will be passed before the end of the current political dispensation which terminates by May 29. Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke who was represented by Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mr.
