Power distribution companies owe service providers, including the Transmission Company of Nigeria, a total of N263bn, our correspondent has learnt. The service providers in the power sector are the Nigerian Electricity Regulatory Commission, the Nigerian Bulk Electricity Trading Plc, the Transmission Service Provider, the System Operator and the Market Operator. The TSP, SO and MO […]

NOVA Merchant Bank has announced the launch of its newly redesigned website. The website is in fulfillment of its desire to continuously find ways to serve its customers better. This new version has features and functionalities to enhance the accessibility of the website. The navigation of the website has been simplified so clients can easily […]

Six oil depots with assets valued at over N1trillion have been audited by the Department of Petroleum Resources (DPR) in Lagos State. The oil sector regulator carried out safety audit of the depot facilities located on the Ijegun axis of the state after the weekend fire outbreak. It said it was in line with its annual […]

Access Bank Plc has emerged winner of the 2019 GBA Women’s Market Champion Impact Award for its efforts towards providing opportunities for women. Organised by the Global Banking Alliance for Women (now Financial Alliance for Women) in Paris, the award contributed to a growing list of recognition for Access Bank, a statement said on Thursday. […]

The Special Presidential Investigation Panel for the Recovery of Public Property says an oil giant, Mobil Producing Nigeria Unlimited (ExxonMobil), is indebted to the Federal Government to the tune of $1.6bn, The PUNCH reported. The money translates to about N684bn at N360 to $1 exchange rate. According to the panel, which is led by Mr Okoi Obono-Obla, […]

The Central Bank of Nigeria on Monday unveiled strategies to unlock the potential of poultry producers through a University-based Poultry Revival Programme. The objective is to produce chicken and egg to reduce importation and close the existing demand and supply gaps. The programme would also assist in raising a new crop of agropreneurs in modern […]

Union Bank of Nigeria Plc and the Junior Achievement Nigeria (JAN) are empowering female students. The deal is in line with  the bank’s commitment to empower the girl child. Both institutions will be organising  the LEAD Camp- a week-long programme designed to identify, convene and coach exceptional female students from across the country. Speaking at […]

The Nigeria Customs Service (NCS) has concluded plans to unbundle some Area Commands to create room for greater efficiency in the service. From the exercise, eight new Customs Area Commands will be created to enhance administration and boost revenue generation. A circular signed by the Deputy Comptroller-General of Customs (DCG) in charge of Finance, Administration […]

THE Department Of Petroleum Resources (DPR) on Thursday sealed two Liquefied Petroleum Gas (LPG) stations in Lagos safety reasons. The first was Petrocam in Ayobo, Alimosho Local Goverment Area of Lagos. It was totally sealed by DPR officials for allegedly operating without approval; operating in a residential area, and in a building under direct high […]

The Nigerian Stock Exchange has partnered Chapel Hill Denham to organise a training programme on alternative investments, titled ‘Listed real assets: A teach-in on alternative investments.’ The NSE said in a statement that the training covered core concepts of alternative investments as well as applicable techniques for valuation, trading and investments in the asset class […]