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In a bid to nurture the growth of small to mid-sized companies, the Nigerian Stock Exchange(NSE) has named fourteen dealing member firms as Designated Advisers (DAs) for companies listed on the Alternative Securities Market (ASEM). The dealing me...
Inter-BAU Construction Limited, the contractor handling the remodelling of the Port Harcourt Airport Terminal has assured of the quality of job at the Port Airport Terminal, adding that the first phase of work in the terminal building will be completed...
Some architects and steel structural engineers in the country have endorsed the use of welded steel pipes for its cost saving benefits in construction projects. The engineers who spoke recently in a forum in Lagos said the adoption of the steel product...
The near absence of Nigerian information and communications technology companies to compete effectively on the local market is of great concern to many. CHIMA AKWAJA in this write-up looks at the challenges of enabling indigenous companies to excel, wh...
Mr Farouk Akanbi, NLC Chairman in Kwara, has said that Federal Government’s decision to streamline JAMB and NECO will lead to massive job loss in the country. Akanbi, who made this known in an interview with the News Agency of Nigeria (NAN) on Fr...
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the government to review all labour laws to engender good and robust industrial relations in the country. In his address to the National Executive Council (NEC) mee...
The Minister of Power, Prof. Chinedu Nebo, has asked the management of Manitoba Hydro, the management contractors for the Transmission Company of Nigeria (TCN) to respect the rights of Nigerian workers as entrenched in the law of the land. The minister...
The Nigerian Stock Exchange has announced that it will be launching an Alternative Securities Market (ASeM) this month, for emerging companies with high potential for growth in Nigeria. ASeM will be a specialised board on the Nigerian bourse where smal...
Guaranty Trust Bank Plc has declared a N103 billion profit before tax for the financial year ended December 2012, representing 66 per cent growth compared to the N66.08 billion recorded in 2011, the highest for any Nigerian bank. The financial result w...
The Nigeria Deposit Insurance Corporation (NDIC) is currently working on a framework that would enable it offer financial assistance to deserving primary mortgage institutions (PMIs) and microfinance banks (MFBs). Managing Director of the NDIC, Alhaji ...
PHCN Eko Electricity Distribution Company has said it was not responsible for the power interruption on Easter Sunday at Our Saviour’s Anglican Church during the President’s visit. This was contained in a statement issued by the Assis...
Residents of the ancient city of Daura on Wednesday called on the Katsina State Government to urgently intervene to end the persistent power outage affecting the town and its environs.
The residents made the call a week after the Emir of Daura, Alhaji Faruk Umar, summoned the PHCN Area Manager, Alhaji Ibrahim Dayyabu, over the situation.
A cross section of the residents who spoke with the News Agency of Nigeria (NAN) in Daura lamented that the area had remained in darkness for more than three weeks.
The situation, they said, had adversely affected socio-economic activities of the people.
They urged the state government to complete work on the Daura electricity sub-station, which was abandoned by the Federal Government for decades.
``The entire Daura emirate has not been enjoying stable electricity supply for years, hence the need for the state government and the PHCN to do something to address the situation.
``For instance, for the past one month we do not have electricity in our houses and no explanation was made by the PHCN over the situation, yet they send bills and threaten us with disconnection,” Alhaji Abdulfatah Mahmud, a resident said.
The Dan’Madamin Daura, Alhaji Abdulrahaman Dan’Malam, also appealed to the government and the PHCN to address the problem in order to reduce the suffering of people in the area.
NAN observed that some of the residents now rely on power generating sets for their domestic electricity needs and businesses, while others were forced to close down their businesses.
It was also observed that the incessant power failure had forced many operators of grinding machines in the town to operate with gasoline, thereby hiking the cost of grinding a measure of grain from N10 to N30.
Reacting to the development, the PHCN Manager in Daura, Alhaji Ibrahim Dayyabu, attributed the problem to the breakdown of some electricity transformers.
``Two transformers in Daura metropolis have problems, but we are working round the clock to repair them so as restore normal supply of electricity to the town.
``I have briefed the Emir of Daura on the situation.''
The World Bank has unfolded plans to spend $5 billion (about N785 billion) on 27 projects across the country in the next five years. Also, the African Development Bank (AfDB) sealed a pact to provide two sovereign guaranteed multi &nd...
The Federal Airport Authority of Nigeria (FAAN) has said it will boost its revenue generation through non- aeronautical bases when the remodelling works across the airports are completed. This is coming as the airport authority disclosed that it ...
A new competition in the high-end smartphone segment will get tougher with the entry of Sony Mobile Communications’ new Android smartphone into the Nigeria mobile devices market. With the launch of its much-awaited smartphone, Xperia Z, in Lagos ...