The Nigerian Electricity Regulatory Commission on Thursday inaugurated an 11-man Nigerian Content Consultative Forum for the electricity supply industry. According to NERC, the initiative is in line with its regulation on National Content Development for the Power Sector 2014. It stated that the regulation envisaged that Nigerian companies should be given first consideration for the […]
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The World Bank has commenced the review of its activities in Nigeria, ThePunchNg report. The leader of the team undertaking the review, Guillemette Jaffrin, said this when his team visited the Bureau of Public Enterprises in Abuja on Wednesday, according to a statement issued in Abuja on Thursday by the Head of Public Communications, BPE, […]
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The Lagos State Governor, Akinwunmi Ambode, says 24-hour power supply will boost business and increase the state’s Gross Domestic Product and that his government is ready to achieve the target, ThePunchNg report. The governor also urged individuals, private homes and corporate organisations to take up any street of their choice and light them up with […]
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Consumer goods company, PZ Cussons Plc, with a major presence in Nigeria have blamed the Nigerian operating environment for its slowing performance according to reuters. Group operating profits were broadly flat versus comparative period. The company’s fortunes has witnessed strong performance in Europe offsetting a difficult trading environment in Nigeria and impact of weaker currencies […]
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The letter from the Former finance minister, Ngozi Okonjo-Iweala, demanding transfer of Late Sani Abacha’s loot to former NSA, Sambo Dasuki
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The Muslim Rights Concern (MURIC) has lauded President Muhammadu Buhari for proposing a N500 billion social welfare package targeting students, youth corps members and the vulnerable in society in the 2016 budget estimates. The president on Tuesday submitted a three-year fiscal policy agenda, the Medium Term Expenditure Framework (MTEF) to the Senate in which he […]
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There are indications that the Federal Government is working on a plan to give legal backing to the nation’s auto policy as a way of guaranteeing the huge investments being made in the automobile industry. The Director-General, National Automotive Design and Development Council, Mr. Aminu Jalal, gave the hint in a telephone interview with our […]
Read More The banking sector recorded 5,917 cases of fraud involving the sum of N11.98bn in the first half of this year, statistics obtained from the Central Bank of Nigeria have indicated. The figures are contained in the CBN’s Financial Stability Report, a copy of which was obtained by our correspondent in Abuja. The report stated that […]
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The Federal Government on Wednesday finally approved the payment of N407.07bn as fuel subsidy to oil marketers. The payment was confirmed by the Minister of Finance, Mrs. Kemi Adeosun, through a statement signed by the Director of Press, Ministry of Finance, Mr. Marshal Gundu, ThePunchNg report. The payment, according to the statement, includes arrears from […]
Read More Electricity consumers on Wednesday kicked against the government’s plans to increase tariffs and demanded that the Minister of Power, Works and Housing, Mr. Babtunde Fashola, should listen to their own side of the story before approving any increase in the rates. Speaking under the aegis of the Consumer Advocacy Forum inaugurated by the Nigerian Electricity […]
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Lagos State said it would enforcement Physical Planning and Urban Development laws to stem the tide of unwholesome practices in the building industry. The Commissioner for Physical Planning, Urban Development, Mr. Wasiu Anifowoshe, made this known at the stakeholders’ meeting organised by the state’s Physical Planning Permit Agency (LASPPPA), under the theme, ‘keying into the […]
Read More Nigerian equities slumped below its three-year low yesterday as global decline in crude oil price exacerbated concerns over Nigeria’s fiscal and macroeconomic outlook. After a loss of 1.08 per cent or N104 billion on Tuesday, quoted equities dropped by 1.92 per cent or N 181 billion on Wednesday as investors reacted sharply to similar decline […]
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