Business
REA Commissions Two Hybrid Solar Power Mini-grids in Bayelsa Communities
June 2, 2020
REA Commissions Two Hybrid Solar Power Mini-grids in Bayelsa Communities
The Rural Electrification Agency (REA) said it has commissioned two solar hybrid mini grids in Akipelai and Oloibiri communities of…
Senate Approves Buhari’s $5.513bn External Loan Request
June 2, 2020
Senate Approves Buhari’s $5.513bn External Loan Request
The Senate has approved President Muhammadu Buhari’s $5.513 billion external borrowing request. A statement by Ezrel Tabiowo, the Special Assistant…
Again, Power grid collapses, TCN assures speedy restoration
June 2, 2020
Again, Power grid collapses, TCN assures speedy restoration
The Transmission Company of Nigeria (TCN) on Tuesday announced national power grid collapse with the promise of speedy restoration. The…
FG reduces Fuel Pump Price to N121.50/Litre
June 1, 2020
FG reduces Fuel Pump Price to N121.50/Litre
The Federal Government yesterday further reduced the Pump Price of fuel from N123.50/litre to N121.50/litre. Recall, Nigeria is operating an…
CBN Orders Instant Reversal For Dispense Errors On ATM Transactions
May 31, 2020
CBN Orders Instant Reversal For Dispense Errors On ATM Transactions
The Central Bank of Nigeria (CBN), in its determination to further enhance service quality, particularly quick refunds when customers experience…
Post Covid-19: Methanol Fuel Key To Economic Recovery -Minister
May 29, 2020
Post Covid-19: Methanol Fuel Key To Economic Recovery -Minister
Minister of Science and Technology Dr. Ogbonnaya Onu has said that the Methanol Fuel Technology policy will assist Nigeria’s economy…
MPC: CBN Reduces Interest Rate To 12.5%, Says Nigeria May Escape Recession
May 28, 2020
MPC: CBN Reduces Interest Rate To 12.5%, Says Nigeria May Escape Recession
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday voted to: reduce the Monetary Policy Rate…
Removing TCN Head May Jeopardize $1.66bn Transmission Projects, Threatens Power Sector Reforms – Forum
May 28, 2020
Removing TCN Head May Jeopardize $1.66bn Transmission Projects, Threatens Power Sector Reforms – Forum
The removal of the Managing Director of the Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed, may reverse key…
Buhari Directs Funding To Begin Siemens Power Deal
May 28, 2020
Buhari Directs Funding To Begin Siemens Power Deal
President Muhammadu Buhari said he has approved the release of funding to begin the first part of the Phase 1…
COVID-19: CBN Reduces Interest Rates On OFIs To 5%
May 27, 2020
COVID-19: CBN Reduces Interest Rates On OFIs To 5%
As part of its continued effort to mitigate the impact of the corona virus (COVID-19) on households, businesses and regulated…