Abia, Imo, Benue, Ekiti, others worse off
There are concerns over the backlog of remunerations being owed by state governors, as latest BudgIT report reveal that as much as 20 states currently owe pensioners and civil servants up to two years arrears.
N-Power Portal Reopens For Registration, June 13
The Federal Government Social Intervention Programme, N-Power, will re-open by 11.30pm today, for registration of new beneficiaries. Online application on the portal will be closed on July 13.
Dont Pay Bill, NERC Tells Unmetered Customers
The Nigerian Electricity Regulatory Commission (NERC) has given a directive that no electricity distribution company Discos should disconnect any of their maximum demand customers that have not been metered since March 1, 2017.
Oversubscribed UBA’s Eurobond Raise $500 million
The United Bank for Africa Plc (UBA) debut Eurobond has successfully raised USD500 million, with a 240% over-subscription.
Nigeria’s First Certified Yams For U.S, UK
Nigeria may officially export its first consignment of certified yams to the UK and U.S. by the end of June, Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, has said.
CBN Injects Another $413.5m Into Forex Market
As part of its intervention the Central Bank of Nigeria (CBN) on Monday injected the sum $413.5 million into the inter-bank foreign exchange (forex) market.
Nigeria Needs Over 377 Billion Naira To Repair Refineries - Kachikwu
The Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that the country requires about $1.2 billion (N377.7bn) to effect repairs of three refineries owned by the NNPC. Kachikwu made this known on Thursday in Abuja while interacting with newsmen.
Price Of Diesel Drops By Over 30% In Four Months, As Stakeholders Call For Full Removal of Fuel Subsidy
Ex-depot price of diesel has dropped by over 30 per cent between February and June 2017 due to fluctuations in forex and international crude oil prices.
Mike Ozekhome (SAN) To Sue President Buhari
Popular human rights lawyer, Mike Ozekhome has vowed to drag President Muhammadu Buhari to Court if he fails to make public, records of all recovered loots by the various Anti-Graft Agencies as well as security agencies. The Lawyer who made this known in a letter to the Acting President, Prof. Yemi Osinbajo maintained that records should be published in all national dailies and social media platforms.
NPA Debunks Claims By Maritime Professionals, Says Policies Have Attracted $86m Investments
The Nigerian Ports Authority (NPA) says policies introduced into the sector in the last one year have attracted investments worth over $86m.
340MW Of Electricity To Be Generated Before December- Fashola
The Minister of Power Works and Housing, Babatunde Raji Fashola (SAN) has disclosed that about 340 Mega watts of electricity will be generated and added to the National grid for onward distribution to consumers before the end of December, 2017. The Minister gave the hint on Thursday in Rivers State during an inspection tour of Afam Power Plant.