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The federal government yesterday in Abuja signed Memoranda of Understanding (MoU) on power projects with the French and Japanese governments, worth $200 million (N31.4 billion) and N2 billion respectively bringing it to a total of N33.4 billion. The Mo...
The Federal Government has signed a Memorandum of Understanding (MoU) with France to undertake studies in the nation’s electricity transmission, distribution and design network. The study would be carried out under the auspices of the Transmissio...
The Federal Government on Tuesday signed a N2 billion assistance agreement with the Japanese Government to set up a solar electricity generation for Umaru Musa Yar,Adua University, Katsina State. The Japanese Ambassador to Nigeria, Ryuichi Shoji, who s...
Ms Arunma Oteh, the Director-General, Securities and Exchange Commission (SEC), was on Tuesday re-elected as the Chairperson of Africa/Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO). A stateme...
The Civil Liberties Organisation (CLO) on Tuesday, warned the Federal Ministry of Power not to carry out its plan to increase electricity tariff on June 1. The News Agency of Nigeria (NAN) reports that the new Multi-Year Tariff Order (MYTO)...
The Nigerian Airspace Management Agency (NAMA) said it has increased its revenue generation from the current level of about N12 billion per year to N18bn next year due to the functioning of the Total Radar Coverage of Nigeria Airspace (TRACON) commissi...
As countries offer incentives to discourage inefficient lighting system and promoting greener environment, more efficient solutions, members of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) have backed calls...
The Minister of Environment, Hadiza Ibrahim Mailafia has called on the Government of Japan for assistance in the areas of renewable energy, capacity building and proper procedures that would help the country get proper environmental assessment of proje...
The Federal Inland Revenue Service (FIRS) says it has arrested some senior officials of three companies in Lagos for alleged failure to remit taxes totaling N2.17 billion. A statement issued by the service in Abuja on Sunday said an enforcement team le...
For rendering poor services to their customers, four Global System for Mobile Communications operators have been ordered by the Nigerian Communications Commission to pay N1.2 billion fine. The GSM operators-MTN, GLO, Airtel and Etisalat, reportedly fai...
Transactions on the Nigerian Stock Exchange (NSE) dropped in volume and value terms on Thursday as a total of 323.36 million shares worth N2.23 billion were traded in 4,247 deals. This was against the 483.89 million shares valued at N3. 82 billio...
Alhaji Kabir Mashi, Acting Chairman, Federal Inland Revenue Service (FIRS), has urged tax professionals to support President Goodluck Jonathan’s Transformation Agenda aimed at wealth creation and employment. Mashi made the call on Thursday in Abu...
The House of Representatives Ad hoc Committee on Capital Market has queried Ms Arunma Oteh, the Director-General of the Securities and Exchange Commission (SEC), for approving Access bank's acquisition of Intercontinental bank. Rep. Ibrahim El-Sudi...
The market indices of the Nigerian Stock Exchange (NSE) depreciated by 0.54 per cent on Wednesday as some blue chips recorded price losses. The News Agency of Nigerian (NAN) reports that the All-Share Index, which opened at 22,656.76, depreciated by 12...
Nigeria is to receive a 285 million dollars assistance from the Clean Technology Fund (CTF), a global funding agency, to support electricity supply and urban mass transportation. The fund is being provided by the CTF) under its Scalin...