Global coal demand to remain stable up to 2024 – IEA
Global coal demand is expected to remain stable until 2024 as growth in Asia offsets weaker demand from Europe and the United States, the International Energy Agency (IEA) said on…
UK to spend N23.5bn on youth development in northern Nigeria
The United Kingdom says it is currently supporting initiatives to increase economic opportunities for marginalised youth in northern Nigeria with development funding worth nearly 50 million dollars (N15 billion). Mr…
Restructuring plan must include provisions to help financially weaker States – Minister
Minister for Transportation, Rotimi Amaechi The Minister for Transportation, Rotimi Amaechi, says any restructuring plan for Nigeria must include provisions to help financially weaker states to survive and perform…
Tony Elumelu Entrepreneurship Programme gets $5m scale up grant approval from AfDB
The Board of Directors of the African Development Bank has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its…
Poor electricity, multiple taxation top list of challenges facing manufacturers in Nigeria – Report
The manufacturer’s CEOs Confidence Index (MCCI) has identified inadequate electricity supply and the duo of multiple taxation and over regulation amongst others, as challenges confronting operations in the country. The…
Boeing suppliers bracing for temporary halt in 737 MAX production
Boeing suppliers, customers and financiers braced on Monday for a possible freeze in Boeing 737 production for the first time in more than 20 years as the grounding of the…
FG commends Dangote’s $30bn domestic revenue generation expansion drive
Alhaji Aliko Dangote, President Dangote Group The Federal Government on Sunday commended the Dangote Group for its proposed plan to expand its domestic revenue generation drive from four billion…
Minister of Agriculture pledges commitment to reposition, reorganise Bank of agriculture
Minister of Agriculture and Rural Development, Malam Sabo Nanono The Minister of Agriculture and Rural Development, Malam Sabo Nanono said the Bank of Agriculture(BOA) was still in distress because…
Six DisCos comply with NERC’s approved minimum remittance threshold directive
The Nigerian Electricity Regulatory Commission (NERC) says six out of eight Power Distribution Companies (DisCos) have complied or substantially complied with the approved minimum remittance threshold in the Order for…
$16m power supply debts: FG to disconnect Benin, Togo
The Federal Government has promised to disconnect Niger Republic and Togo’s power supply if they fail to pay their outstanding $16 million debts. This was disclosed by the Managing Director…