The amount spent on subsidising electricity every month in Nigeria is now about N30bn, the Federal Government has said. It disclosed that the government’s subsidy on electricity had been reduced by N20bn monthly following improvements in the collection of power…
The Nigerian Electricity Management Services Agency (NEMSA), has urged Nigerians to ensure that all meters being installed in their various homes or public places are in line with the approved metering code and guidelines. The Managing Director and Chief Electrical…
By Kayode Tokede The Nigerian Exchange (NGX) Limited on Wednesday closed in a northward direction as market capitalisation gained by N139.94 billion to close trading activities for the first half (H1) of 2021. The NGX All-Share Index (ASI) grew by…
By Kayode Tokede Zenith bank Plc has announced the appointment of Omobola Ibidapo-Obe Ogunfowora as an Independent Non-Executive Director of the bank. The lender stated this on Wednesday in a statement by Michael Osilama Otu Company Secretary / General Counsel,…
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said the price of petrol should be more than N280/litre at which Automotive Gas Oil, also known as diesel, is being sold. Kyari said smuggling of…
Secretary National Action Committee on African Continental Free Trade Area (AfCFTA), Francis Anatogu has charged the newly inaugurated Delta Technical Working Committee to align its state export strategy to Africa’s needs. Anatogu gave the charge in an interview on Wednesday…
The Federal Government has given presidential approval for payment of outstanding pension liabilities under the Contributory Pension Scheme (CPS). The Head of Corporate Communication at National Pension Commission (PenCom) Mr Peter Aghahowa, said this in a statement in Abuja on…
By Kayode Tokede Flour Mills of Nigeria Plc (FMN) has reported 126 percent increase in profit after tax to N25.72billion in 2021 audited results for period ended March 31, 2021 as against N11.37billion reported in full year ended March 31,…
The Minister of Science and Technology, Dr. Ogbonnaya Onu has said the deployment and peaceful use of nuclear power technology will improve the production of electricity. He said it will provide sustainable and reliable electricity that will not be affected…
The Federal Road Safety Corps (FRSC), Akwa Ibom Command, on Wednesday said that it would auction all unclaimed vehicles in its custody. In a statement issued by Mr Paul James, the command’s Public Enlightenment / Public Relations Officer said that…
