Continued collapse of national grid linked to lack of spinning reserve
More facts and figures why the former Minister of Power, Works and Housing, Mr Babatunde Fashola may be called for questioning for his headship as the substantive minister within the period under review. Since his appointment in 2015, the national…
Nigeria: Standstill as FG misses five FEC meetings since inauguration
There are fears that the presidency may yet again be plying another dangerous trajectory it took in 2015 when his first term was inaugurated on May 29. Recall that President Muhammadu Buhari waited for almost six months before appointing his…
What Innoson Motors needs now is support not judicial fireworks—Industrialist
The news of another bench warrant for arrest of Innoson Motors Chief Executive, Chief Innocent Chukwuma, has been received by leading manufacturers on Monday with anger and frustration. Recall that Justice Ayokunle Faji of a Federal High Court in Lagos…
Heritage Bank builds, donates SERVICOM unit to NIS in Lagos office
Leading innovative financial services provider, Heritage Bank Plc, in Lagos yesterday, handed over a built and equipped SERVICOM unit to the Nigeria Immigration Service (NIS). Unveiling the structure, the Comptroller General (CG) of NIS, Muhammad Babandede lauded the bank for…
Facebook’s plan to own digital currency, Libra, in 2020 may weaken banks’
Ever since social media giant, Facebook opened up in its plan to float its own digital currency, serious upset has engulfed global banking systems and regulators. Industry observers say with the volume of global subscribers, Facebook’s currency will hit banks…
‘Osinbajo’s stand to build more ports without fixing Eastern ports worrisome’
The weekend assurance by the Vice President, Yemi Osinbajo that the Federal Government will build more ports across the country, to decongest the gridlock in and out of the Apapa ports, has elicited divided reactions by maritime stakeholders. Recall that…
CBN Gov. Emefiele, rubbishes chances of hope for the economy, but…
Contrary to high hopes of Nigerian economic analysts that the reappointed governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, will present a message of hope in his five-year monetary policy roadmap for the apex bank, he has…
Privatisation of power distribution designed to fail—NERC former boss
Former chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, has once again, argued that the entire unbundling of former Power Holding Company of Nigeria (PHCN) in November 2013 and the subsequent privatisation of the power distribution segment…
Discos reveal one of two reasons it can’t recapitalize, conceals most sensitive
After long period of silence over repeated calls by stakeholders and mainly the Transmission Company of Nigeria (TCN), the leadership of the Association of Nigerian Electricity Distributors (ANED), has came out of their shell to give reasons why recapitalisation of…
Ihedioha adopts whistle blowing policy to recover public property, assets
The Imo State Moveable Assets Recovery Committee (IMARC), set up by the governor of Imo State, Hon. Emeka Ihedioha, has stepped up moves to recover missing government assets. In a public announcement made available to Business Hilights South East Bureau…
