Friday, July 10, 2020
No going back on petrol subsidy removal – FG
The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday that the Federal Government had reached a conclusion that it could no longer bear the burden of petrol subsidy…Read more.
Buhari signs N10.8tn revised budget today, says ministerd
The Minister of Finance, Budget and National Planning, Zainab Ahmed, met with the leadership of the National Assembly on Thursday to discuss the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper…Read more.
Capped tariff costing us N14bn monthly, say Discos
The power sector is denied N13.9bn revenue monthly as a result of the capping on estimated electricity bills by the Nigerian Electricity Regulatory Commission, power distribution companies…Read more.
Nigerian firms choose commercial papers over bonds amid lower finance cost
While Nigerian companies are taking advantage of the low interest rate environment to raise capital, the short-term commercial paper (CP) is most preferred by corporates to bonds due to the low cost of finance and the short maturity period, as compiled…Read more.
WHO calls for rational access to future COVID-19 vaccines in Africa
The World Health Organisation (WHO) has joined Africa’s immunisation experts in urging the international community and countries in the continent to take concrete actions to ensure equitable access to COVID-19 vaccines…Read more.
Nigeria kicks off year of gas with two big projects
In January this year, the Federal Government declared 2020 as the year of gas. Halfway into the year, with one gas project completed and another launched, Africa’s biggest oil producer seems to be waking up the reality that gas is the future. On June 28, Shell Nigeria Gas (SNG)..Read more.
Over 33% of air travellers to avoid flights over infection risk
At least three in every 10 air travellers have vowed not to fly anytime soon over possible coronavirus infection during travel…Read more.
Investors urge capital market integration into ERGP
Experts have called on the new management of the Securities and Exchange Commission (SEC), to ensure that the revised blueprint for capital market development is integrated into the Federal Government’s second Economic Recovery and Growth Plan (ERGP) 2021–2025…Read more.
Bankole: Concession’ll Remove Political Interference from Airports
The Group Managing Director, Finchglow Group, a travel and aviation development company, Mr. Bankole Bernard, in this interview says concession of the airports will attract international funding to upgrade…Read more
NSC Targets Full Digitalisation of Nigerian Ports by 2021
The Nigerian Shippers’ Council (NSC) has announced that it is perfecting plans to ensure that cargo clearing processes and all other port transactions are carried out online by first quarter (Q1) of 2021….Read more.
UBA Introduces New Naira Credit Card
The bank explained in a statement that with the new naira credit card, customers whose salary accounts have been domiciled with the bank for a minimum of three months and are employees of corporates under UBA’s approved counterparty list…Read more.
NNPC increases gas supply to power sector by 19%
The Nigerian National Petroleum Corporation (NNPC), Thursday, announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020, which translated to 788 millon standard cubic feet of gas…Read more.
