The Minister of Power Engr. Sale Mamman says the Rural Electrification Agency (REA) has commissioned four solar power mini-grids at four Coronavirus, COVID-19 Isolation Centres and Laboratory in Abuja, Lagos and Ogun States.
The minister in a statement by his Special Adviser, Media and Communications, Aaron Artimas today said the...
The Federal Government of Nigeria has reduced the price of NPK 20.10.10. Fertilizer from N5,500 to N5,000 per 50kg bag.
This was announced by the Chairman, Presidential Fertilizer Initiative, Governor Muhammad Abubakar Badaru while briefing newsmen in Dutse.
He explained that, the effort was part of the palliative measures introduced by...
The Federal Government today approved the sum of N200 billion for improved gas supply to the power Generation Companies (GenCos), so as to boost electricity supply to Nigerians during the Coronavirus pandemic lockdown.
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari disclosed this after...
The Securities and Exchange Commission (SEC), has denied conducting any recruitment exercise as being speculated by some persons.
The Commission in a statement Monday, Said “Securities and Exchange Commission’s (the Commission) attention has been drawn to some messages and a video being circulated in the social media, wherein the Commission...
The Central Bank of Nigeria (CBN) yesterday clarified that it does not charge any fee on COVID-19 Loan Applications as being speculated.
CBN said, the clarification was necessary because of the false reports in the social media circles that loan seekers and owners of small-scale businesses who apply for loans...
The Hon. Minister of State for Petroleum Resources, Nigeria, and Minister of Petroleum of South Sudan, Hon. Puot Kang Chol joined its other OPEC and OPEC+ counterparts today to agree on a historic deal to cut 9.7 million barrels of oil per day of supply starting May 1st, 2020.
The...
The Securities and Exchange Commission, SEC has clarified its position on the sharing of gifts at Annual General Meetings as contained in Rule 602 (4) of its Rules and Regulations.
SEC in a statement said, “Rule 602(4) states that ‘’public companies shall not distribute gifts to shareholders, observers and any...
The Ministry of Power has said there was no decision reached by the Federal Government to provide Nigerians with free electricity.
Thisis coming barely 48 hours after the power Distribution Companies (DisCos) announced their alignment with the federal government and National Assembly efforts to provide free electricity for two months...
The Association of Nigerian Electricity Distributors (ANED) has announced it's aligning with the federal government and NASS efforts to provide free electricity for two months as a palliative for the effects of the Coronavirus COVID-19 pandemic on Nigerian electricity consumers.
The Executive Director, Research & Advocacy, ANED, & Spokesman for...
