Aliyu explained that the poor performance of the NNDC has necessitated the need for some of its investments, such as the Arewa Hotels, to be sold off to the public
Browsing: Economy
Ahmed, who gave the suggestion during a visit to his office by a delegation of the Manufacturing Association of Nigeria, led by its National President, Chief Kola Jamodu, also said that high interest rates, poor national road network, irregular and inadequate power supply were critical challenges hindering sustainable industrial growth in the country
He said: “Most of the deliberations today centre on expanding the transmission network of power in Nigeria to ensure that with all the power generating plants that Nigeria is now building and commissioning, we have substantial and adequate capacity to roll out all the power
“Finally, everyone has paid and in the shortest possible time, our power sector will take on a much more positive life of its own for the benefit of all Nigerians
Residents of Koluama communities had alleged that the leak impacted on their environment and urged the government to ensure prompt investigation into the incident
Ahmed, represented by the Secretary to the State Government, Alhaji Isiaka Gold, made the call when the Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala paid a pre-commissioning visit to KAM Industries Limited in Ilorin, the Kwara State capital
On arrival at the Lagos airport, the boy, who apparently had sneaked into the aircraft main wheel, jumped out and was arrested by Arik personnel and handed over to FAAN security
By close of transaction on Wednesday night, all Preferred Bidders had paid up, except the Enugu Distribution Company, while the preferred bidder for Sapele Power Station had made substantial part-payment
The event was witnessed by four South-East state governors of Abia (Theodore Orji), Anambra (Peter Obi), Ebonyi (Martin Elechi) and Enugu (Sullivan Chime)
According to him, the house, which belongs to a man, simply identified as Malam Mohammed, is located 30 metres from the Nigerian National Petroleum Corporation pipeline in the area
The National President of ASSBIFI, Olusoji Salako, told the News Agency of Nigeria in Lagos that the report indicated that the level of fraud in banks was high
He said there was an urgent need for the shift because the country’s dependence on oil resources was dangerous since the oil market was already shrinking
The Market capitalisation of all the listed securities grew by N4 billion to close at N11.58 trillion from the N11.57 trillion exchanged on Thursday
Those appointed are Dr. Abubakar Atiku, Deputy Managing Director; Sunny Iroche, Director, Finance and Accounts; Halima Aliyu, Director, Human Resources and Corporate Services; T.O. Utah, Director, Transmission Service Provider
Amadi is expected to give new investors in the power sector and the general public the assurance of the capacity to provide effective regulation of the industry by his commission
Adesina commended the Delta State Government for allocating 6,000 hectares for the cultivation of cassava at a proposed processing plant at Abraka
The governors described the present over-reliance on oil revenue as a resource-based economy, which they said was not sustainable in view of the vagaries of the international market and the growing discoveries of alternatives to oil
Officers and men and the Lagos State Fire Service were said to have raced to the scene to contain the fire
“The distributable statutory revenue was N483.482 billion, which was
below what was budgeted for the month by N111.282 billion
Similarly, the market capitalisation, which opened at N11.51 trillion, appreciated by N69 billion to close at N11.57 trillion