Tuesday, October 06, 2020
PIB lists functions of new agencies to replace NNPC
The Petroleum Industry Bill 2020 has listed the specific functions of the three agencies that would replace the Nigerian National Petroleum Corporation when the proposed legislation is passed and assented to by the President, Major General Muhammadu Buhari (retd.)…read more.
TCN, Discos hindering 4,000MW generation daily, say Gencos
The quantum of electricity generated in Nigeria is rejected or forced to be reduced by an average of 4,210 megawatts daily due to transmission and distribution constraints, power generation companies said on Monday…read more
Stocks: Domestic investors stake N731bn in eight months
The total value of transactions executed by domestic Investors on the Nigerian Stock Exchange in the first eight months of the year stood at N731bn as against N470.20bn total foreign transactions carried out during the period under review…read more.
NNPC, stakeholders express concerns over E&P future
Nigerian National Petroleum Corporation (NNPC), and stakeholders in the upstream sector have expressed concerns over the impact of the Covid-19 on oil and gas exploration and production in the country, as major oil companies continue to reduce investment in the sub-sector…read more.
Lender commits to value addition, excellent service
First City Monument Bank (FCMB), has restated its commitment to providing the very best of service delivery and value-added offerings that will consistently enhance the experience of its teeming customers at every touchpoint…read more.
F.G considers tax holiday for maritime to cushion COVID-19 effect
Poised to stimulate investment and boost activities amid the downturn induced by COVID-19, the Federal Ministry of Transportation is seeking a package of tax incentives for the in the maritime sector…read more.
Shell awards gas pipeline contract to indigenous firm in Bayelsa
Shell Nigeria Gas (SNG) said it would continue to optimise its onshore footprint while investing in gas development in Nigeria. This came as the company commissioned an indigenous contractor, Gredor Nigeria Limited, to begin the construction of the gas pipeline…read more.
Unlock Nigeria’s gas potential for economic development — Dangote tells FG
The Federal Government has been urged to deploy new strategy to unlock the potentials and maximize the use of the country’s available vast natural gas resources to improve the nation’s economy…read more.
Electricity: FG spent N540bn on subsidy in 2019 — NERC
The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government spent N540 billion subsidizing electricity in 2019. The commission further stressed on the need to put an end to subsidy in the sector…read more.
Ahmad: Nigeria Setting Pace in Deployment of Off-grid Power Solutions
Mr. Salihijo Ahmad, is the Managing Director of the Rural Electrification Agency. In this interview he speaks about how the agency is intervening in the provision of power to unserved and underserved communities in the country…read more.
New Petroleum Reform Bill to Tackle Oil Pollution in N’Delta
The 2020 Petroleum Industry Bill (PIB) that is presently before members of the National Assembly will substantially reduce environmental pollution in the oil-producing areas of the Niger Delta when passed into law…read more.
An Overview of Company Voluntary Arrangements in CAMA 2020
What is a CVA?
A CVA is a binding agreement for debt repayment, between a company and its unsecured creditors. It provides an opportunity for the company to negotiate achievable repayment terms with its creditors, and avoid insolvent liquidation….read more.
World Teachers’ Day: Buhari raises service year from 35 to 40, retirement age 60 to 65
President Muhammadu Buhari has approved a special salary scale and new retirement age for teachers. The president’s gesture, announced Monday by the minister of education, Adamu Adamu, was in commemoration of the World Teachers’ Day…read more.
Okonjo-Iweala gets boost from EU nations in quest for WTO job
European Union governments will support the Nigerian and South Korean candidates to lead the World Trade Organization as the race enters its final month, Bloomberg reports. EU member-country envoys agreed on Monday in Brussels to endorse Ngozi Okonjo-Iweala…read more.
Eligible customer policy still in limbo three years after
Three years after, heavy power consumers declared eligible customers within the Nigerian Electricity Supply Industry (NESI), who could buy power directly from electricity generation companies (GenCos), are still unable to benefit from the initiative…read more.
