Business
Power generation remains low at 2,400MW, AEDC apologises
By Obas Esiedesa, ABUJANigeria’s poor power generation continued over the weekend with 15 plants producing just 2,497.40 megawatts as outages across the country persisted.Checks by Vanguard on grid data released by the…
Investment in FGN Savings Bonds rise 53% to N7.5trn
Investment in the FGN Savings Bonds rose by 53 per cent, year-on-year, YoY, to N7.5 trillion in the first half of the year (H1’22), from N4.9 trillion in the corresponding period of last year (H1’21).Financial…
How DBN provides MSMEs international financing platform — Okpanachi
In its operations since 2017, the Development Bank of Nigeria (DBN) has provided the Micro, Small and Medium Enterprises (MSMEs) sub-sector stable long-term financing window.The Managing Director, Mr. Tony Okpanachi, told…
National grid collapse: FG launches Power recovery programme
L-R: Emeka Okpukpara, Partner, Nextier Power; Ashish Khanna, Regional Director for Infrastructure, Africa West and East, The World Bank; Engr. Abubakar Aliyu, Hon. Minister of Power; Narlene Egu, Senior Energy Advisor and…
Nigeria partners Philippines on oil, natural gas — Ambassador
By Biodun BusariNigerian Ambassador to the Philippines, Folakemi Ibidunni Akileye has said the Federal Government of Nigeria will play an important role in helping Philippines with oil and natural gas sources, as prices of…
FG not serious about solving Nigeria’s power supply crisis —Deputy House Leader
.*Says faulty privatisation of sector worsens electricity shortageBy Victor Ahiuma-YoungThe Deputy Majority Leader of the House of Representatives and former President of Nigeria Union of Petroleum and Natural Gas Workers,…
African economy upbeat despite pressures – Afreximbank
By Emma Ujah, Abuja Bureau ChiefAhead of next week’s Annual Meetings of the African Import-Export Bank (Afreximbank), the institution has assured that the region’s economy would be on upbeat in…
NDIC, Senate strengthens collaboration on deposit insurance
By Babajide KomolafeThe Senate Committee on Banking, Insurance and Other financial Institutions and the Nigeria Deposit Insurance Corporation, NDIC, have commenced moves for increased collaboration on…
Port Pollution: APM Terminals signs MoU to recycle used tyres
IN a bid to sustain a healthy port environment, the APM Terminals Apapa, has signed a Memorandum of Understanding (MoU) with an indigenous firm, FREEE Recycle Limited, to recycle its used tyres.In December 2021, APM Terminals…
Emefiele’s push for local military uniforms production gets a boost
…As DICON, Sur reach deal to produce military uniforms. . . Factory 68% completed Emma Ujah, Abuja Bureau ChiefEfforts by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to boost local production…
ZENITH BANK
