EKEDC said the reduction in supply was due to the drop in power generation from an average of 3,700MW to 2,000MW per hour. The DisCo said this was caused by gas limitations arising from vandalism, and more recently an issue…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal and State Governments to repair failed portions of major roads in the South-East, to prevent oil tankers’ accidents. Mr Chinedu Anyaso, IPMAN Chairman, Enugu Depot Community, made…
Contrary to speculation in the Nigerian Maritime Industry that funding for the Suppression of Piracy and Other Maritime Offences (SPOMO) Act will erode indigenous ship-owners contributions made into the Cabotage Vessel Financing Fund (CVFF) which currently stands around $195 million,…
The Council of Maritime Transport Unions and Associations (COMTUA) has decried the indiscriminate arrest of its members by the committee on removal of abandoned vehicles under the Ministry of Transportation, Lagos State. This is contained in a letter dated Jan.…
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira gained against the US dollar on Friday to its highest level during the week…
Ecobank Transnational Inc. (ETI) has reported a massive increase in its profit for the year 2021 to N143 billion, a 324% jump from N32.4 billion reported same period the previous year. The 2021 result translates recovery by the bank after…
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice and E-evaluator initiatives by 90 days to accommodate inputs of the stakeholders. The House of Representatives had already asked…
Voters’ apathy has remained a phenomenon in Nigeria’s profile of electoral records. Past records of elections have seen the phenomenon featuring significantly in the profiling of elections over time. Most recently, the degree of the phenomenon has taken deep turn,…
MTN Nigeria raked in N46.41 billion from Nigerians in SMS revenue in 2021, representing 2.81% of the total revenue, according to the company’s earnings press release. This means that all 68.5 million MTN Nigeria subscribers spent approximately N672 each on…
The Nigerian Ports Authority (NPA) on Monday said that 25 ships were expected to arrive at the port from Jan. 31 to Feb. 18. The NPA made this known in its publication, ‘Shipping Position,’ a copy of which was made…
