Category : Business

Nigeria lost $21b on oil Production Sharing Contract in 20yrs, Kachikwu

12 mins ago / 0 comments

Minister of State for Petroleum Resources Ibe Kachikwu said yesterday that Nigeria has lost $21 billion to oil Production Sharing Contact (PSC) in 20 years. According to him, previous governments failed to … Read more

Commuters, motorists groan as fuel scarcity bites harder in Kano

15 hours ago / 0 comments

  Motorists and commuters in the ancient city of Kano are now experiencing untold hardship, following the acute fuel scarcity. Long queues have dotted filling stations, in anticipation of motorists … Read more

Motorists spend night at filling stations over fuel scarcity

16 hours ago / 0 comments

    Many motorists spent the night at filling stations in Jos queuing for petrol as the fuel scarcity bites harder in the Plateau State capital. Our correspondent monitoring the fuel … Read more

Lagos-Ibadan rail line to be completed December 2018 – Amaechi

16 hours ago / 0 comments

The Minister of Transportation, Rotimi Amaechi, has said that the Lagos-Ibadan standard gauge rail line would be completed in December 2018 and set for commissioning in Jan 2019. Amaechi said … Read more

Mainstream Energy boosts power generation, injects N8.3bn into kainji

23 hours ago / 0 comments

  Mainstream Energy Solutions Limited, (MESL), has injected a fresh $26 million into the Kainji Hydro Power Plant to rehabilitate its Hydro Turbine Generator unit 1 G 7. The agreement … Read more

Nigeria plans to boost oil output as price hits $65

24 hours ago / 0 comments

    Nigeria and is planning to raise output in the new year as oil price hits $65, the highest in 30 months. Brent crude prices jumped above $65 per … Read more

Lagos relocates bus companies out of Jibow

1 day ago / 0 comments

  Officials of the Lagos State Ministry of Transport have sealed off the premises of some major commercial transport companies at Jibowu, along Ikorodu Road to commence the enforcement of … Read more

Anti-corruption war: BPP captures 50,000 contractors

2 days ago / 0 comments

 Bureau of Public Procurement, (BPP), yesterday said it has captured at least 50,000 contractors as part of its efforts to eliminate ghost and a brief case contractors in the public … Read more

Power: FG, OPS, others in talk to evacuate stranded 2,000MW

2 days ago / 0 comments

The Federal Government, yesterday, announced that it would collaborate with the organised private sector, comprising the Manufacturers Association of Nigeria, (MAN), and other Chambers of Commerce and Industry  to find … Read more

Customs impounds N1.595bn in November,detains 85 suspects

4 days ago / 0 comments

  The Federal Operations Unit, (FOU), Zone A, of the Nigeria Customs Service, (NCS), yesterday disclosed that it has intercepted goods smuggled and concealed valued at N1.595 billion in November. … Read more