Olawore said that the outstanding payment on subsidy and interest remained unpaid by government and this had led to its members’ inability to import petroleum products in the last few days
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The budget is made up of N271.09 billion for projects development expenditure; N16.13 billion, personnel expenditure; N10.42 billion, overhead expenditure and N1.88 billion for capital expenditure
“Our prices are indexed to crude, at least a significant portion of our portfolio. The price of gas is indexed to Brent, hence if there is a fall in the prices of Brent, it means we will sell for less
“Nigeria is one of the most important markets in our Africa Growth strategy, part of which is a strong Nissan dealer network,” said Mike Whitfield, Managing Director of Nissan South Africa and President of Nissan’s Africa Region South business unit, incorporating markets in Sub Saharan Africa
Governor Lamido further stated that throughout the APC’s campaign, the party never raised any developmental issues but was busy harping on the dis-functionalities of the nation, which included Boko Haram, corruption and other security issues
“From about 4500 mega watts on 4th of April this year, we came down to 2700 mw and that is a big lost of amount of power generation is available. This is what we briefed the Senate Committee on power but the committee seems to be more interested in transmission
Explaining the implications of the challenge, PENGASSAN said, “The negative impacts of the pipeline vandalism on the nation’s economy and the oil and gas industry are enormous. Such include non-functionality of existing refineries, increased operational cost, job losses, reduction in investments in the downstream sub sector and inability to attract new investment, and inadequate supply/availability of refined petroleum products in other parts of the country
“The auditors say a significant part of the unremitted funds is supposed to have gone towards a kerosene subsidy that had been stopped two and a half years earlier by the late President Umaru Yar’Adua. His decree never appeared in the official gazette, leading some to question whether it ever had legal force
Recall that a forensic audit conducted by the PricewaterhouseCoopers at the instance of the Federal Government indicted the management of the Nigerian National Petroleum Corporation under the supervision of Alison-Madueke for various questionable transactions
This light signet defines the car’s energetic appearance and shapes a new Mercedes face. According to Dr Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, “The CLA is a car that does not confuse mid-range with mediocrity. Its powerful design underscores the sporty side of the Mercedes-Benz brand.”
Okupe’s co-respondents in the suit filed by the NDIC before Justice Saliu Saidu are Value Trust Investment Limited and its Director, Mr. Ray Ahazie
Katung, who anchors a popular television programme ‘African Pot’ on the Nigeria Television Authority, said her group had been able to sign Memorandum of Understanding with banks in 29 states adding that Kwara and Akwa Ibom states had been able to access the loan
The bank was fined N184 million for not obtaining approval from CBN for the additions to investment in properties of N5.15 billion, non-compliance to implementation of the recommendations of a financial services provider, PricewaterhouseCoopers
“However, we wish to further clarify that NPA is listed in the BPE Act of 1999 as amended and therefore NCP/BPE has the full powers to handle and conclude the transaction,” it stated
C & I Leasing came second with an exchange of 24.40 million shares valued worth N17.322 million, while Transcorp sold 12.705 million shares valued N40.683 million
“Since the completion of these works, the FCT and indeed the national grid have experienced remarkable system stability especially during system disturbances that have in the past resulted in total system collapses,” he said
The statement said that the bank’s major shareholders were the Federal Ministry of Finance Incorporated and the Central Bank of Nigeria, adding that there were 42 other private corporate and individual shareholders.
The prosecutor had informed the court that, the accused and others now at large, committed the offences between June 2011 and June 2014, at the company’s office located in Iddo House, Lagos
The Nigerian Communications Commission (NCC) says the number of internet users on the country’s telecom networks increased to 83,362,814 as…
The reduction on inactive lines showed that service providers are working to resuscitate dormant lines, instead of accumulating more lines that would soon go dormant