The Federation Accounts Allocation Committee meeting, which was convened on Tuesday to consider and approve the statutory allocation for February, ended in deadlock.
The Nigerian Electricity Regulatory Commission on Tuesday ordered the 11 power distribution companies to engage the services of the recently approved independent Meter Asset Providers in order to effectively bridge the over 4.74 million metering gap in the country.
The Central Bank of Nigeria (CBN) on Tuesday intervened in the interbank sector of the foreign exchange market to the tune of $210 million.
The Chairman of Egbin Power Plc, Mr. Kola Adesina has restated the commitment of the board of the company to expand the plant’s generating capacity from 1,320 megawatts to 5, 000MW in the next five years.
The Benue state Commissioner for Agriculture, James Anbua has stated that the state has lost over N8billion to herdsmen attack this year.
Price losses yesterday continued to outweigh gains on the trading floor of the Nigerian Stock Exchange (NSE), as most blue-chip companies, especially Seplat and Mobil constituted the losers’ chart, causing market capitalisation to plunge further by N76 billion.
Lubricant Producers Association of Nigeria (LUPAN)’s investment of over N750 billion is being threatened by multiple government agencies demanding different levels or licensing of single product – based oil, the group has said.
The National Assembly has given up on its earlier plan to pass the 2018 budget in April. Instead, it has proposed a new date of May 2018.
Global oil traders Vitol and Glencore are in talks to financially back Nigerian firms racing to buy assets owned by Brazil’s Petrobras valued at up to $2 billion, several sources familiar with the matter said.
The Nigerian Electricity Regulatory Commission (NERC) yesterday said its Meter Asset Provider (MAP) Regulation (Regulation No. NERC/R/112) will become effective on April 3.
FT turnover 20.26 billion naira versus 14.36 billion naira year ago.