FG grants PPAs of 14 solar projects another 6 months extension

For the second time since 2016, the Federal Government  has extended by another six months, the deadline for the execution of the power purchase agreements (PPAs) it signed with investors for 14 utility solar power projects to be built in some states of the country. According to OGN reports it was reportedly rolled over after the last extension which More...

by Uchenna Ajah | Published 1 day ago
By Uchenna Ajah On Monday, January 22nd, 2018
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Dangote Sugar targets 25% sales volumes in 2018

The acting Managing Director of Dangote Sugar Refinery Plc, Abdullahi Sule, believes the company’s  sales volumes could rise as much as 25 percent in 2018 after last year’s downturn. Nigeria’s economy, which More...

By Uchenna Ajah On Monday, January 22nd, 2018
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Emefiele dismisses fears over MPC meeting, insists economy is strong

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for More...

By Uchenna Ajah On Monday, January 22nd, 2018
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NBS: 77.5m Nigerians engage in economic activities in Q3

The National Bureau of Statistics (NBS) says 77.55 million people are engaged in economic activities out of a labour force of 85.08 million in the third quarter of 2017. The NBS disclosed this in a “Labour Force More...

By Uchenna Ajah On Sunday, January 21st, 2018
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Four major markets in Nigeria need 36.27MW to grow efficiency – REA

A baseline survey of the energy needs of four of the major markets in Nigeria, which the Rural Electrification Agency (REA) conducted, has indicated that with 36.27 megawatts (MW) of stable electricity provided More...

By Uchenna Ajah On Sunday, January 21st, 2018
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ALSCON: Nigeria, Russia sign Share Purchase agreement

Nigeria has signed the Renewed Share Purchase Agreement with Messrs UC Rusal of Russia in respect of the Aluminium Smelter Company of Nigeria (ALSCON). The agreement was signed in in Abuja on Friday by the relevant More...

By Uchenna Ajah On Saturday, January 20th, 2018
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Derivatives trading: US expert speaks on the pluses and pitfalls

As part of strategic initiatives to enhance the efficiency of capital market operations in Nigeria, The Nigerian Stock Exchange and Coronation Merchant Bank invited the former Chair of the US Commodities Futures More...

By Uchenna Ajah On Saturday, January 20th, 2018
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Ajimobi: Oyo set to increase institutions subventions

The Oyo State Governor, Abiola Ajimobi, has appealed to the striking state-owned higher institutions that his administration is prepared to increase their subventions. The governor said this would be achieved as More...

By Uchenna Ajah On Saturday, January 20th, 2018
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SEC’s e-dividend free registration ends Feb 28

The Securities and Exchange Commission (SEC) has extended period for the free e-dividend registration to Feb. 28, to encourage more shareholders participation in the initiative. The commission in a statement obtained More...