‎Fuel scarcity will end this week – NNPC

Fuel scarcity persists.

Fuel scarcity persists. *Naira devaluation caused importation issues – PPPRA Oscarline Onwuemenyi 04 March 2015, Sweetcrude, Abuja - The Nigerian National Petroleum Corporation (NNPC) has vowed...

Govt to pay marketers N100bn out of N185bn

Dr. Ngozi-Okonjo-Iweala

03 March 2015, Abuja – The Federal Government on Tuesday expressed concern over the fuel queues that have lingered in Lagos, Abuja and other parts of the country. Dr. Okonjo-Iweala It stated that a Sovereign Debt Note of N100bn had been issued by the Debt Management Office to settle part of the amount owed oil marketers as fuel subsidies. The Minister...

NNPC shuns senate, fuel scarcity persists

03 March 2015, Abuja – Officials of the Nigeria National Petroleum Corporation, and heads of some subsidiaries under it did not appear before the Senate Committee on Petroleum ( Downstream) to defend their 2015 budget on Tuesday. Chairman...

Naira devaluation causing fuel scarcity – PPPRA

03 March 2015, Lagos – The Executive Secretary of Petroleum Product Pricing and Regulatory Authority,  Senator Farouk Ahmed, said on Tuesday that the fuel scarcity currently being experienced across the nation was caused by the...

Lack of support by labour stalls refineries’ sale

03 March 2015, Lagos – The Federal Government may have slowed down the process of selling the nation’s refineries following its failure to secure the support of labour unions. Port Harcourt refinery. The government had in 2013...

Power generation, marketing and distribution updates

‘Seven years needed for stable electricity ‘

03 March 2015, Lagos – The Managing Director and Chief Executive Officer, Ibadan Electricity Distribution Company, Fortunato Leynes, has stepped down from his position and says it will take at least seven years for Nigerians to enjoy stable power supply. Power distribution transformer Leynes, who resigned from the company on Friday after one-and-a-half years in charge, said the challenges...

Power: Govt firm to generate 500MW from coal

02 March 2015, Abuja – The Federal Government has announced that it has entered into a partnership with an indigenous firm, One Nation Energy Limited, to generate 500 megawatts of electricity from coal. Coal mine According to the government, the partnership will ensure the addition of 500MW...

NERC prescribes micro-grid power generation for industrial clusters

Sam-Amadi, NERC 01 March 2015, Abuja — THE Nigerian Electricity Regulatory Commission (NERC) has urged manufacturers to embrace micro-grid power generation model for industrial clusters, to ensure cost effective and reliable electricity for production. Already, NERC...

APR Energy renews 106mw of contracts in Sub-Saharan Africa

APR Energy *Jacksonville, Florida — Includes 40MW contract term extension in Angola 01 March 2015, Newswire - APR Energy, the global leader in large scale, fast-track power solutions, announces today that it has signed 106MW of contract extensions in Sub-Saharan...

Monitoring of ongoing projects undertaken by the Niger Delta Power Holding Company, NDPHC. View More Pictures...

Govt to pay marketers N100bn out of N185bn

Dr. Ngozi-Okonjo-Iweala

03 March 2015, Abuja – The Federal Government on Tuesday expressed concern over the fuel queues that have lingered in Lagos, Abuja and other parts of the country. Dr. Okonjo-Iweala It stated that...

Naira devaluation causing fuel scarcity – PPPRA

Farouk Ahmed, Executive Secretary, PPPRA

03 March 2015, Lagos – The Executive Secretary of Petroleum Product Pricing and Regulatory Authority,  Senator Farouk Ahmed, said on Tuesday that the fuel scarcity currently being experienced across...

CBN recertifies 14 more BDCs

Central Bank of Nigeria, CBN 02 March 2015, Lagos — The Central Bank of Nigeria (CBN) has again recertified 14 more Bureaux De Change (BDCs) operators to continue in operation. This brings the total...

IFC & Ghana’s Acca promote improved corporate governance, sustainability

International Finance Corporation, IFC 01 March 2015, Washington, DC — IFC, a member of the World Bank Group,and the Association of Chartered Certified Accountants, Ghana’s global professional...

CRFFN takes up life insurance scheme for members

insurance

25 February 2015, lagos – The Council for the Regulation of Freight Forwarding in Nigeria, CRFFN, has taken up a life insurance scheme of N1 million, for its members in case of death. Disclosing...

Nigeria: Compulsory insurance certificate now precondition for contract awards

Nigeria's Commissioner for Insurance Mr. Fola Daniel

  Nigeria’s Commissioner for Insurance Mr. Fola Daniel o8 January 2015, Benin - The Federal Government has said it will soon mandate all those seeking for government contracts to present their...

Why insurance is hard sell in Nigeria

21 December 2014, Lagos – Insurance  business remains a hard sell in Nigeria today. This unpalatable news, according to industry stakeholders, is definitely not music in the ears of insurance companies...

Govt targets N1tr in insurance premiums by 2017

09 December 2014, Abuja – The Coordinating Minster for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday said the federal government was committed to growing the Gross Written...

Firm to invest N60bn in Jos steel milll

Steel

27 February 2015, Abuja – The Eta Zuma Group, which acquired the Jos Steel Rolling Mill from the Federal Government in 2005, has said that it will spend $300m (about N60bn) to rehabilitate the steel...

Nigeria: Steel manufacturers lament hike in electricity tariff

Liquid steel being poured into a mold.

Liquid steel being poured into a mold. Oscarline Onwuemenyi 26 February 2015, Sweetcrude, Abuja - The Steel Manufacturing Group of the Manufacturers Association of Nigeria, MAN, yesterday threatened to shut down operations in the face of persistent hike in electricity tariff without commensurate increase in power supply, even as it lamented that the hike...