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TAM: 28 firms bid for 3 refineries

Th e Nigerian National Petroleum Corporation (NNPC) has revealed that no fewer than 28 fi rms have applied to fi nance the Turn Around Maintenance (TAM) of the nation’s three refi neries in Port Harcourt, Warri and Kaduna, respectively. Th ...

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Roadmap for national mining devt underway

Stakeholders in the mining sector, at the first edition of its National Council meeting in Abuja yesterday, came together to focus on how to move the economy forward through its internally generated revenues. In his opening remarks, the Permanent Secretary, ...

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Customs generates N600m monthly in Ogun

Controller of Nigeria Customs Service (NSC), Ogun state Command, Sanni Madugu, yesterday disclosed that the Command “generates over N600 million monthly into the coffers of the federal government.”   This, according to him, is against N900 million being the monthly ...

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NDPHC urges communities to fight vandals

  The Niger Delta Power Holding Company (NDPHC) has appealed to communities which multibillion naira facilities are located to stand up against vandals to prevent further damage to these critical installations. The Company made the appeal at the 19th power ...

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Kaduna Electric loses 638MW in 152 outages

Kaduna Electric has refuted claims of load rejection, while blaming the Transmission Company of Nigeria for intermittent interruption of power supply in its operational area after losing 638.2 megawatts last month in 152 outages requested by TCN.   Management of ...

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Leaving Arik Air in limbo

Many months after AMCON took over the management of Arik Air, the corporation has been unable to reposition the airline to profi tability thus making the future of the airline look bleak, reports IME AKPAN Since the Asset Management Corporation ...

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FG launches pre-offer roadshow for N100bn Sukuk

Debt Management Office (DMO) will today kick off activities preparatory to the Issuance of the much-awaited N100 billion non-interest-bearing bond popularly called Sukuk. A national roadshow led by the Director-General of the DMO, Ms. Patience Oniha, would visit major cities in Nigeria ...

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Finally, recession ends, hits .55% growth – NBS

… Ordinary Nigerians to feel impact – Buhari …Unemployment should be tackled –NASS After about 18 months of gruelling economic woes, the  Nigerian Bureau of Statistics (NBS) yesterday announced that the country’s  worst economic fears were over,  as it exited economic recession following ...

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FG approves rehabilitation of Kwara roads

Kwara state governor, Alhaji Abdulfatah Ahmed has disclosed that the Federal Executive Council has approved the rehabilitation of Share-Patigi road. Speaking during Sallah homage paid on him by traditional rulers from Kwara North at Government House, Ilorin yesterday, Ahmed said Ilorin- ...

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NNPC pockets FG’s N3.88trn – Report

Cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation (NNPC), stood at about N3.878 trillion as at December 31, 2015, a report by the technical sub-committee of the Federation Accounts Allocation Committee (FAAC), has revealed. ...

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FIRS generates N2.11trn in 7 months

Th e Federal Inland Revenue Service (FIRS) has generated N2.11 trillion as revenue from taxations between January and July, 2017. Th is was announced in a progress report of the FIRS from January to July, obtained by the News Agency ...

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Oniha: New era at DMO

  Th e Nigerian economy is set to be exposed to a fresh chapter of growth and development that would be as challenging as it would be rewarding with the appointment of Ms. Patience Oniha Director-General of the Debt Management ...

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Substandard phones can cause cancer – NCC

Nigerian Communications Commission (NCC) yesterday warned Nigerians against the use of sub-standard phones, saying this was responsible for some cancer ailments. An offi cial of the commission, Kunle Olorundare, gave the warning at a stakeholders’ workshop organised by the Ibadan ...

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