Power generation dropped to 3,674 megawatts on Saturday, May 24, 2014 from the peak of 4,105MW recorded last month, representing a 10.49 per cent drop. This information was contained in the Daily Operational Report of the Transmission Company of Nigeria made available to our correspondent on Sunday.
Updated 6 Years ago

The upward growth trajectory of Nigeria’s economic landscape, coupled with its vibrant population at over 160 million, which comprises of a 60 percent youth concentration at 80 million, has in recent times continuously rubbed off positively on the country’s purchasing power, making it a profitable haven for businesses, manufacturers and investors alike. Despite the numerous political and economic challenges bedevilling the nation, analysts have continued to rate Nigeria’s economic environment high. This status, according to them, has firmly placed it as 6th among the 10 fastest growing economies in Africa and also tipped to be one of the 10 fastest growing countries in the world by 2015.
Updated 6 Years ago

Conoil is set to launch 5-litre packs of its renowned lubricant brands of Quatro and Golden Super Motor Oil (GSMO) as part of its strategy to live up to its promise of delivering convenience at every stop and enriching its lubricant range. The new lubricant packs would be pocket-friendly to motorists and are tailored to suit the engine oil needs of vehicles with bigger engine capacity thereby reducing, substantially, the cost borne by motorists anytime they service their cars.
Updated 6 Years ago

Chairman, Senate Committee on Gas Resources, Sen. Nkechi Nwaogu says 30 billion dollars is required for the development of infrastructure to achieve daily gas production target by 2015. Nwaogu said this in Abuja on Monday, at the opening of a National Conference on Gas Resources organised by the Senate Committee on Gas Resources.
Updated 6 Years ago

Nigerian Investment Promotion Commission (NIPC) said it was committed to stimulating a rise in the country’s Gross Domestic Product (GDP) to increase the economy’s appeal to investors. The Executive Secretary of the commission, Mrs Saratu Umar, said this in Abuja on her assumption of office on Monday.
Updated 6 Years ago

No less than 732,745 jobs were created in the economy in nine months between the second to the fourth quarter of 2013, the National Bureau of Statistics (NBS) announced yesterday. Giving the report of the agency’s job creation surveys conducted during the three quarters under review in Abuja, the Statistician-General of the Federation, Mr Yemi Kale, explained that the findings of the surveys showed that total jobs created in Q2, 2013, stood at 221,054 compared with the 245,989 created in the succeeding quarter (Q3) and 265,702 of the fourth quarter (Q4) of the year.
Updated 6 Years ago

For the second time in less than a year, the Supreme Court has dismissed a motion filed by the Democratic Peoples Party and its candidate in the last governorship election in Delta State, Chief Great Ogboru against the election of Delta State governor, Dr Emmanuel Uduaghan. The seven-man panel of the justices of the apex court led by Justice Walter Onnoghen dismissed the motion on the grounds that it was an abuse of the judicial process of the court.
Updated 6 Years ago

The Nigerian Labour Congress, Akwa Ibom State chapter, on Monday failed to embark on a protest to halt the Akwa Ibom State House of Assembly from passing the N100m bill, Governor Godwill Akpabio presented to the House for approval. The NLC state chairman, Mr. Unyime Usoro, who told our correspondent on Sunday that the labour union would embark on a protest to dissuade the House from passing the outrageous bill, turned numb as the House after moving a motion for the bill to be read the third time, passed it into law.
Updated 6 Years ago

Participants at the National Conference on Transparency, Accountability and Ethical Values in Tertiary Institutions have raised the alarm that tertiary institutions in the country are “acquiring worrisome image for corrupt practices.” Academic institutions, they said, should be famous for groundbreaking research.
Updated 6 Years ago

Following the discovery of the huge debt amounting to over N174 billion owed contractors by the Aviation Ministry as a result of contracts awarded from 2011 till date, the Chairman, Senate Committee on Aviation, Senator Hope Uzodimma, yesterday demanded full explanation from the supervising Minister for Aviation, Mr. Samuel Ortom, noting that a solution must be sought on how to offload the debt. Apparently upset by the high debt profile, Uzordinma said: “In all these awards, the Senate committee was not carried along.”
Updated 6 Years ago