The Nigerian Electricity Regulatory Commission (NERC), has sent a proposal to the Central Bank of Nigeria (CBN), for a N200 billion single digit interest loan to aid investment into the Metering Asset provider (MAP) regulation. In an interview with Leadership at a power dialogue organised by Nextiere in Abuja, NERC’s Commissioner of Finance & Management […]
Nigerian government has announced plans to use the $322.52 million returned to the country by the Swiss government as part of the fund looted and stashed abroad by late military dictator, General Sani Abacha, to implement its national social safety net programs. Mrs. Kemi Adeosun, the Minister of Finance, made this known while talking to […]
Contrary to insinuations, Finance minister Kemi Adeosun and CBN governor Godwin Emefiele, never confirmed they would attend Investors’ Summit in Washington. They were not scheduled to attend the Nigeria-US Investment Summit because they had other engagement at the IMF which coincided with their official engagement. The duo replied the Emir of Kano, Alhaji Muhammadu Sanusi, […]
While $80 oil seemed in the clouds just a year ago, it now looks primed for capture. Technical indicators show that the price Saudi Arabia is said to be aiming for may be within reach, with global benchmark Brent crude already above $74 per barrel, World Oil reported. While futures in London have broken past […]
Dr Hannatu Fika, Executive Secretary, Federal Government Staff Loans Housing Board (FGSLHB) says over one billion Naira have been disbursed as renovation loan to civil servants. Fika said this in an interview with the News Agency of Nigeria (NAN) on sunday in Abuja, stating that over 2000 civil servants have so far benefitted from the […]
Accident Investigation Bureau (AIB) has trained a number of accident investigators from some domestic airlines, College of Aviation Technology (NCAT) and Nigerian Civil Aviation Authority (NCAA) on accident investigation management. The two weeks training, which began on April 8 and conducted by the Southern California Safety Institute Inc, had participants from Dana Airlines, Arik Air, […]
President Muhammadu Buhari has drawn criticism from social media and the opposition alike for saying many young Nigerians think they need “do nothing” to enjoy free homes, hospitals and schooling because they live in an oil-rich country. Buhari, who said last week he will run for a second term in elections next February, made the […]
… Advises customers on safety measures as rainy season begins By Foster Obi Ikeja Electric (IE), Nigeria’s largest electricity distribution company, has attributed the zero fatality record attained by the company in Q1 of 2018 to its highly effective safety policy and programmes. The Disco according to the recent safety report released by the Nigerian […]
Nigeria plans to overhaul its energy tariff system by 2021 to try to attract investment and improve power supply, the vice chairman of the country’s electricity regulator said. Only about half of the 190 million people in Africa’s most populous country have access to power. The problem has been exacerbated by prices that are capped […]
European users will be the first to gain access to new privacy controls from Facebook, as the social media company begins to rollout the settings to all of its 2 billion users worldwide. The controls which Facebook is launching in compliance with the EU’s General Data Protection Regulation (GDPR), will ask users to review and […]