It noted that the bureau was concerned with the viability of the transport sector because it was critical to the growth of the nation’s economy
Browsing: Economy
The News Agency of NIGERIA reports that the market capitalization, which opened at N10.076 trillion on Friday, lost N72 billion or 0.72 per cent to close at N10.004 trillion
The News Agency of NIGERIA reports that oil spill occurred on January 13 from a pipeline in the oil field, discharging crude oil and gas into the environment
The Head of Human Resources, Janina Kugel, said the company would shortly begin talks with workers’ unions in order to negotiate the terms of settlement
The managing director said that investors should not worry about the current market price of the bank, noting that distortion in the market dragged down the price
The highlights of the report, released by the Auditor-General of the Federation, Samuel Ukura, on Thursday in Abuja, showed that the total gross revenue generated from crude oil liftings was $69.34 billion and not $67 billion as bandied in some quarters, including the Senate Reconciliation Committee, for the period from January 2012 to July 2013
The News Agency of Nigeria reports that the market capitalisation, which opened at N10.198 trillion, decreased by 1.20 per cent or N122 billion to close at N10.076 trillion
The apex bank, in a statement in Lagos, said that the Naira closed at N185.50 from the N186.30 recorded on Wednesday
The oil firm and the communities had been at each others’ throats, following their non-compliance with the ‘gentleman’s’ agreement between them
Jonathan, who was addressing members of the Delta State Council of Traditional Rulers shortly after the presidential campaign rally in Asaba, the Delta State capital, said the gas city project, which would be the biggest oil and gas investment in Africa, was dear to his administration
In a statement released on Thursday in Abuja, the APCPCO said that President Jonathan had repeatedly stated while campaigning for re-election that he resuscitated the country’s railways which he says had been moribund for over 20 years, a claim that that the APC described as a hoax
The promo, which kicked off in September 2014, will run till February 28, 2015 and winners will emerge based on Monthly and Quarterly Draws to be held during the duration of the promo
In a statement on Thursday, the APCPCO noted that President Jonathan’s yet unfulfilled promises include: The rehabilitation of all existing power generation, distribution and transmission assets to give a minimum of 6,000mw of electricity; the harnessing of alternative sources of energy such as coal, wind and solar to generate an initial 13,000mw, and the unbundling of PHCN into 18 successor companies.
The News Agency of Nigeria reports that the All-Share Index appreciated further by 599.61 points or two per cent to close at 30,617.96 against the 30,018.35 achievedon Tuesday
Alegbe said the nation loses about 60,000 barrels of crude oil per day to acts of vandalism on its pipeline
But a report from the industry group, American Petroleum Institute, showed that the drop was due to the US crude, stocks which rose more than six million barrels last week
It stated that the conference was organised by the association in partnership with the Nigerian Export Promotion Council, USAID NEXTT and the Vietnam Cashew Association
Umar said government had started receiving expression of interests from private firms within and outside the country for partnership with it on the operation of the speed train project
The minister said President Goodluck Jonathan had successfully reformed the generation, transmission and distribution sub-sectors, adding that government was now focusing on effective delivery of safe and reliable electricity supply to Nigerians
Kumo said this on Wednesday at a send off and welcoming party organised by the FMBN to bid farewell to retired directors and to welcome the new ones on board