No rising industrial productivity to match appreciating naira at black markets
Financial pundits Thursday continued in their suspicion that the prevailing naira appreciation remain cosmetic as far as it has not translated to rising industrial activities even though manufacturers have reduced their complains over poor forex access. Currency observers say industrialists…
Insurance market‘ll leverage on ICT to grow, deepen operations
The Minister of Communications, Barrister Adebayo Shittu has suggested ways of leveraging on Information and Communication Technology (ICT) to grow the potentials of the Nigerian insurance industry which he said has not been fully harnessed. The Minister said this while…
NIMASA harps on ISPS Code, makes biometric ID Card compulsory for port users
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that the Agency will not rest on its oars until the full implementation of the International Ship and Port Facility Security (ISPS) code…
Poor electricity supply may keep Nigeria uncompetitive for more 20 years—CVL VP
Senior Vice President, Centre for Values in Leadership (CVL), Rasheed Adegbenro, has argued that Nigeria risks not joining the industrialised world if the supply of electricity continues to be erratic in the next 20 years. He said regularity of power…
Annan calls for review of power policies in Africa, recommends regional captive model
Former UN Secretary General and Nobel Laureate, Dr. Kofi Annan has called on African power administrators to rethink generalizing power generation and supply, saying the challenges of long distance distribution has proved cumbersome and ineffective. In an interview during the…
FG’s new power sector recovery plan underway—Fashola
Worried by the quantum of failures of past and present efforts of the government in raising the supply of power across the country, the Federal Government has approved the Power Sector Recovery Programme (PSRP). The scheme is made up of…
STOAN seeks reduction of car duties to complement ban on land border imports
The leadership of the Seaport Terminal Operators Association of Nigeria (STOAN), has called on the federal government and the Nigerian Customs Service (NCS) to further encourage use of Nigerian seaports by importers of vehicles after the ban on land borders…
Power generation rises to 4,303MW as sector lose N1.2bn to gas crisis in a day
Details from the daily electricity generation report from the Transmission Company of Nigeria (TCN) Wednesday showed that Electricity generation yesterday rose to 4,232.6 Megawatts (MW), an appreciable improvement from the 3,500 MW recorded in the last two months. This is…
