archiveNovember 19, 2018

  The Nigerian Electricity Regulatory Commission (NERC) on Monday disclosed that in every 10 users of grid generated electricity supplied by the 11 electricity distribution companies (Discos) in Nigeria, six of them have remained unmetered, thus stating that the practice of estimated billings by the Discos is still prevalent. NERC...

The Nigerian equities market started the week positive, as the ASI rose 0.51 per cent to 32,222.24 points, owing to interest in Consumer Goods stocks. Accordingly, the Month-to-Date and Year-to-Date losses moderated to 0.75 per cent and 15.74 per cent, respectively. The Consumer Goods (-1.37%) index was the top gainer,...

  The Debt Management Office (DMO) and major oil marketers are to meet this week to resolve issues surrounding subsidy arrears. The meeting, which is at the instance of the DMO is designed to provide an opportunity for the debt management agency to explain the process for the issuance of...

  The Peoples Democratic Party (PDP) has urged Nigerians to use this year’s Eid-el Maulud celebration to pray for the nation and rekindle our sense of national unity, fear of God and love for one another as compatriots while shunning all divisive and disruptive tendencies. The party also tasked the...

The Nigerian Institute of Management (NIM) on Monday enlightened the stakeholders in various professions on the importance of management in the promotion of economic growth and the well-being of man. Dr Dawn Dekle, President, American University of Nigeria (AUN), made the remark at the 2018 lecture series organised by the...

A meeting between President Muhammadu Buhari and the Nigerian Governor’s Forum to resolve the raging dispute over the proposed N30,000 National Minimum Wage ended in a deadlock on Monday in Abuja. The meeting which took place at the Presidential Villa had the Chairman of the NGF, and Governor of Zamfara...

  ***says he deceived Nigerians with restructuring in 2019 ***says lives have been devalued, cheapened under Buhari   The presidential candidate of the Allied Congress Party of Nigeria (ACPN), Dr. Oby Ezekwesili, has expressed dissatisfaction with the challenges confronting Nigeria, saying that the same mistakes of previous administrations were being...

The main opposition party, the Peoples Democratic Party’s (PDP), presidential candidate, Alhaji Atiku Abubakar,  will today launch the first leg of his campaign with the unveiling of his policy document, which he said would guide him in governing Nigeria, if he wins the election next year. The 63-page document, which...

  Federation Account Allocation Committee (FAAC) disbursed N2.28 trillion in the third quarter (Q3) of 2018 to the three tiers of Nigeria’s government, the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed. NEITI, in a statement on Sunday, said out of this sum, the Federal Government received the highest of...

  The African Development Bank (AfDB) has outlined a new $40 million lifeline for infrastructure funding for Nigeria and the rest of the continent's economies, under the Africa Infrastructure Investment Fund (AIIF3). The funding which is the third in a series of equity investments, is a closed-ended pan-African infrastructure fund...