We can’t meter one million customers yearly – Discos:
Electricity distribution companies have said the deadline given to them by the Federal Government to meter one million electricity consumers annually is not realistic.
Aviation workers ground Arik flights over N12.5bn debt:
Local flight operations of Arik Air in Abuja and Lagos were halted on Wednesday by aviation workers over a debt of N12.5bn the airline reportedly owed the Federal Airports Authority of Nigeria.
Nigeria, France to sign N11.15bn loan for power training:
The Federal Government and the government of France are to sign a €50m (N11.15bn) loan in May for the development and upgrading of power training facilities in Nigeria.
Nigeria loses N7.1tn oil revenue to illegal withdrawals, others:
Poor record keeping, illicit payments and withdrawals, absence of coordination by government agencies, outdated laws, among others, have resulted in oil revenue loss of N7.1tn by Nigeria.
FSDH Merchant Bank Rewards Shareholders with N2.6bn Dividend:
The Board of Directors of FSDH Merchant Bank has recommended the sum of N2.6 billion as dividend payment for the year ended December 31 2015 for its shareholders.
NDIC Puts Total Bank Depositors’ Funds at N17.3tn in 2015:
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has disclosed that the total deposit liabilities of all the deposit money banks (DMBs) in the country amounted to N17.3 trillion as at December 2015.
‘Nigeria needs 2.4 mbpd to grow economy’:
President, Nigeria Association for Energy Economics (NAEE), Prof. Wumi Iledare, yesterday said that Nigeria needs to boost its crude oil production to more than 2.4 million barrels per day (bpd) to stabilise the economy.
N1trn rail contracts: Contractors to refund N2.5b:
The Hon. Ehiozuwa Agbonayinma-headed House of Representatives adhoc committee investigating the award and execution of rail contracts was yesterday told that six contractors involved in the over N1 trillion Rail Contracts are to refund N2.5 billion to the coffers of the Federal Government.
Banks seek CBN’s guarantees on N220b MSMEs’ fund:
Deposit Money Banks (DMBs) have tabled before the Central Bank of Nigeria (CBN), a proposal asking the apex lender to guarantee commercial bank loans to the Micro, Small and Medium Enterprises (MSME) operators.
NNPC owes over $300m in taxes, says FIRS:
The Nigerian National Petroleum Corporation (NNPC) is owing over $300 million in tax arrears, the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has said.