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EEDC expends N10 billion on meter procurement, inherits 700,000 unmetered customers from PHCN

The Enugu Electricity Distribution Company (EEDC), says it has expended N10 billion on the procurement and installation of certified prepaid meters for its customers within the South-East.
Minister of State for Aviation, Hadi Sirika

Federal government unveils name of national carrier, logo

Nigeria on Wednesday unveiled the name of the nation’s carrier, as well as the logo at the Farnborough International Airshow in London.
The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement

Workers shut ExxonMobil HQ for sacking 860 Nigerian workers

The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement.
A man walks past a stock indicator showing share prices on the Tokyo Stock Exchange in Tokyo on July 13, 2018.Tokyo stocks opened higher on July 13 helped by a cheaper yen and rebounds on US markets. - AFP PHOTO - Kazuhiro NOGI

Tokyo stocks open higher on cheaper yen

Tokyo stocks opened higher on Wednesday helped by a cheaper yen against the dollar, extending Wall Street rallies on the US Federal Reserve chief's strong economic outlook.

First Ethiopia-Eritrea commercial flight takes off after 20 years

The first commercial flight from Ethiopia to Eritrea in 20 years took off early on Wednesday, sealing a stunning reconciliation between the former enemies a week after they ended their military standoff.

Ethiopian Airline begins e-visa operations to African countries

The Ethiopian Airline has began electrionic visa (also referred to as e-Visa) operations to all African countries.

Brent crude rises to $72.20pb over Norway strike

Brent prices rose from a three-month low yesterday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days.

Federal government begins negotiation for acquisition of aircraft for national carrier

Minister of State for Aviation, Senator Hadi Sirika, announced Tuesday that government has started negotiation for the acquisition of aircraft that would be used to run the planned national carrier.

NEXIM calls for speedy passage of factoring bill

The Nigerian Export-Import (NEXIM) Bank has called for the speedy passage of the Factoring Bill presently before the national assembly to enable the country tap into €2.6 trillion global factoring market.

Central bank sustains forex intervention, injects fresh $210 million

The Central Bank of Nigeria (CBN) yesterday, injected the sum of $210 million into the inter-bank foreign exchange (forex) market.

Expert: Oil companies shut down fields for 180 days annually

A former Director of the Department of Petroleum Resources (DPR) and Lead Consultant to the National Assembly on the Petroleum Industry Bill (PIB), Mr. Osten Olorunsola, has disclosed that oil and gas companies operating in the country shut down producing fields for up to 180 days yearly as a result of the operational challenges in the Niger Delta.

NCC, states meet over telecom operators multiple taxation, right of way

The Nigerian Communication Commission (NCC) has convened a meeting with state representatives to discuss multiple taxation and issues of Right of Way for telecom operators in the states.
Vice President Yemi Osinbajo - NOVO ISIORO

VP Osinbajo: Nigeria will change intra-African trade matrix

Nigeria’s vice president, Professor Yemi Osinbajo, yesterday said government was determined to increase the level of the country’s trade in the region.

NBS, SMEDAN commence national survey on MSMEs

The National Bureau of Statistics (NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is set to commence the long overdue national survey on micro, small and medium enterprises (MSMEs) tomorrow.
NHIS boss Prof Yusuf Usman at TUC National secretariat Lagos

Usman Yusuf: We can’t trace NHIS’s ‘invested’ N720 billion yet

Till date, the management of the National Health Insurance Scheme has not been able to trace the N720 billion that had been allegedly invested by the scheme in the last 12 years.
Dr. Michael Aderohunmu, President Nigeria-Malaysia Business Council and Datuk Lim JUAY Jin, outgoing Malaysian High Commissioner to Nigeria

Council lists gains of Nigeria-Malaysia trade corridor

The president of the Nigeria-Malaysia Business Council (NMBC), Dr Michael Aderohunmu, has disclosed that the Council has entered into partnership with the Nigeria Exports Promotion Council (NEPC) and the Malaysia External Trade Development Corporation (MATRADE) to set up a trade corridor.

Minister: Hydro-power to generate 19,000 MW

The Federal Government said that electricity generation from hydro sources could reach 19,000 megawatts if fully harnessed.

Bayelsa IGR hits N1 billion mark

The Chairman of the Bayelsa State Board of Internal Revenue (BIR), Ayawei Nimbofa, has attributed the rise in Bayelsa’s monthly internally generated revenue above N1billion mark to deployment of electronic collection system.

Recent Stories

Governor Fayose: Police helicopter threatening my life

Ekiti State Governor, Ayo Fayose, on Wednesday raised the alarm over aerial surveillance of the Government House, Ado-Ekiti by a police helicopter.

APC postpones primary election in Osun

Sequel to persistent criticism and rejection of the direct mode of primary election adopted for Osun APC, the party has announced its postponement.

INEC to suspend voter registration till after 2019 elections

The Independent National Electoral Commission has said that the Continuous Voter Registration exercise will be suspended from August 17, 2018 till after the 2019 general elections.

House of Reps to probe pipeline surveillance contracts in Bayelsa

The House of Representatives on Wednesday resolved to constitute an ad hoc committee to investigate pipeline surveillance contract and payment of contractors by Nigerian Agip Oil Company (NOAC) in Bayelsa.

Osun guber: Police read riot riot act to politicians

Ahead of the Sept. 22 governorship election in Osun, the police on Wednesday warned political parties against flouting the Electoral Act.