Six DisCos comply with NERC’s approved minimum remittance threshold directiveÂ
The Nigerian Electricity Regulatory Commission (NERC) says six out of eight Power Distribution Companies (DisCos) have complied or substantially complied with the approved minimum remittance threshold in the Order for…
$16m power supply debts: FG to disconnect Benin, TogoÂ
The Federal Government has promised to disconnect Niger Republic and Togo’s power supply if they fail to pay their outstanding $16 million debts. This was disclosed by the Managing Director…
Global community commits $82bn to fight poverty; $53bn coming to Africa
A global coalition of development partners announced Friday their commitment to maintain momentum in the fight against extreme poverty, with $82 billion for the International Development Association (IDA), the World…
Turkish Airlines to know fate over suspension of operating licence – NCAA
Turkish Airlines will know fate regarding the suspension of its operating license by the Federal Government. The Nigerian Civil Aviation Authority (NCAA) had earlier issued the airline a warning over…
MTN, UBA lead losers at Nigerian Stock Exchange as profit-taking takes toll
The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday bowed to profit taking after two-day upward trend. The index lost 33.59 per cent to close at 26,536.21 compared…
I will use my position to grow Nigeria telecom sector – Pantami assures ATCON
The Minister of Communications and Digital Economy, Dr Isa Pantami, has promised to use his position to ensure accelerated growth and deepening of the nation’s telecom sector. Pantami made the…
Oil prices climb to highest in three months on renewed U.S.-China trade deal hopes
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest…
Arik Air resumes flights to Asaba December 18
Arik Air on Thursday announced the resumption of flight services to Asaba Airport in Delta. Arik Air Chief Executive Officer, Capt. Roy Ilegbodu, said in a statement in Lagos that…
Refund to bank customers stands at over N76bn, $20.9m – CBN
The Central Bank of Nigeria (CBN) says the refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars. Mr Kofo-Abdulsalam Alada, the Director, Consumer…
Vitol signs 10-year deal to buy Nigeria’s LNG from 2021
Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market….