NERC says Electricity Subsidy costs Nigerian Govt N36bn in three months The Nigerian Electricity Regulation Commission (NERC) has said Federal Government paid a total of N36 billion to subsidise electricity consumption in the country in the first quarter of 2023. NERC stated this in its quarterly report, adding that[Read More…]
Miners seek partnership with FG to shore up FX supply Miners have called on the Federal Government to partner them to explore the huge potential in the sector to increase the country’s gross domestic product (GDP) and increase foreign exchange (FX) supply. They said the sector holds a huge potential[Read More…]
FAAN inaugurates Aviation Cargo Village at Lagos Airport The Federal Government yesterday kicked – off the construction of an Aviation Cargo Village on the link road connecting the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos. While carrying out the ground breaking ceremony at the Mafoloku axis of the metropolis, Chief[Read More…]
PMI, Oracle collaborate to improve digital project efficiencies in construction Project Management Institute (PMI) and Oracle Construction and Engineering have announced a collaboration that will see them pool capabilities together to deliver thought leadership, best practices, and tools created exclusively for professionals in the construction and asset-intensive sectors. In[Read More…]
FCSC chair Ingawa hails new Customs boss, okays internal succession in MDAs Chairman of the Federal Civil Service Commission (FCSC) Dr. Tukur Bello Ingawa has showered praises on the new Acting Comptroller General of Nigeria Custom Service (NCS) Bashir Adewale Adeniyi for his giant strides and expressed his approval[Read More…]
Government hands over 374 power project to DisCos Over $1.2 billion has been spent on key distribution projects in the country as part of measures to improve power supply in the country, Niger Delta Power Holding Company Limited (NDPHC) has said. The fund was spent on over 374 projects[Read More…]
No vessel caught fire at Lagos port, says firm The Ports & Cargo Handling Services Limited has explained that the fire incident at its terminal in TinCan Island port did not affect any vessel. The Group Head, Corporate Communications of Sifax, a mother company of Ports & Cargo Handling Services,[Read More…]
NAICOM, operators to examine local content in oil sector Stakeholders and regulatory agencies in both the oil and gas industry, and insurance sector will brainstorm on the benefits and challenges of implementing the provisions of the Nigerian Oil and Gas Industry Content Development Act. A statement from Mrs Yemisi Izuora[Read More…]
MAN concern over Exclusion from World Bank-Funded 1.2m Meters THE Manufacturers Association of Nigeria has expressed concern over the impending displacement of local meter manufacturers and assemblers in the downstream of the power sector, in the process of the government’s implementation of the NMMP Phase II World Bank-funded supply[Read More…]
Customs moves to decongest seaports The acting Comptroller-General of Customs, Bashir Adewale Adeniyi, has expressed his determination to immediately move to decongest Nigerian seaports. Adeniyi, who disclosed this during a meeting with the Federal Ministry of Transportation in Abuja, said that the Nigeria Customs Service (NCS) would face the[Read More…]
