Month: October 2018

Erratic power costs businesses N5tr yearly - Nigerian businesses spend about  N5 trillion ($14 billion)  over poor electriicty supply, African Development Bank (AfDB) Group Energy Sector Specialist Dozie Okpalaobieri has said. ...

Why Nigeria’s rural electrification projects are delayed - Lack of reliable data and paucity of funds may scuttle the dream of getting supplying electricity to rural communities across the country,  the ...

Sterling Bank Records N5.9 Billion Profit in 9 Months - Sterling Bank Plc has recorded robust top-line and bottom-line growth for the nine months ended September 30, 2018. According to the ...

FG to Announce Take-off Date for Nigeria Air Soon - Minister: Minister of State for Aviation, Hadi Sirika, has said the embargo placed on Nigeria Air, the national carrier, will be ...

Shell gives N32m to 100 Bayelsa entrepreneurs - The Shell Petroleum Development Company (SPDC) has given 32 million naira start-up capital to 100 entrepreneurs in Bayelsa State following their completion a ...

Ubah, Jimoh Ibrahim, Babalakin, others top AMCON non-paying debtors - The Asset Management Corporation of Nigeria (AMCON) on Monday released the list of debtors it claimed have failed to negotiate successfully ...

Nigeria to add 4.2 gigawatts to national grid - The Federal Government has commenced moves to deploy underutilised power assets to deliver incremental power to industrial centres and needy communities in ...

EFCC arraigns ex-banker over alleged N8.7m fraud - The Economic and Financial Crimes Commission (EFCC) on Monday charged a former banker, Ali Kareem, with impersonation and N8.7 million fraud before a ...

Breaking: Gun wielding thugs invade Edo House of Assembly - There is heavy shooting and fighting at the Edo State House of Assembly over move to remove the Speaker, Hon Kabiru ...

Fayose arrives court amidst heavy security - The Economic and Financial Crimes Commission is set to arraign the immediate-past Governor of Ekiti State, Mr Ayodele Fayose, for an alleged fraud of ...