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No Quick Fix for Power

No Quick Fix for Power

With the many challenges facing the power reform programme, it appears Nigerians have to wait a little bit longer before they get respite from low generation of power and incessant power failure On the surface, it sounded like an explanation from someone desperate to reassure his fellow countrymen not to lose hope in the power

Refinery

The Politics of Privatisation of Refineries

After several years of tinkering with privatisation of the nation’s ailing refineries, the government yields to pressure again to put the process on hold, creating room for more years of rot in the oil sector Investors who are prospecting for Nigeria’s moribund refineries may have to wait for a longer time for inexplicable reasons. In

Transcorp and GE Partner to Improve Power Generation

The Transnational Corporation of Nigeria Plc, Transcorp, has notified the Nigerian Stock Exchange, NSE, that Transcorp Ughelli Power Ltd, TUPL, its subsidiary, has signed an agreement with General Electric, GE, to increase the capacity of TUPL’s power plant from 360 megawatts to 1360 megawatts in the next three to five years. Both parties also signed

FG Attracts Investors to the Power Sector

To facilitate the financing of power infrastructural development in Nigeria, the President Goodluck Jonathan-led administration is inviting both prospective investors and financiers to an international conference on February 10, 2014 at the state house Banquet hall, Abuja. The event is expected to facilitate interaction between new investors and local and international financial institutions to explore

Exploring the Next Frontier

Eager to harness its resources for food security and economic growth, the Ekiti State government recently held an AgriBusiness Forum in Akure, the state capital As an experienced farmer, Sunday Osanyilusi knows the importance and place of fertiliser in ensuring a good yield. But beyond such knowledge, year in, year out, he had watched helplessly

FG Set to Present 2014 Budget to NASS

The federal government through, Ngozi Okonjo-Iweala, finance minister and coordinating minister for the economy, is set to present the estimates of the 2014 budget to the National Assembly, NASS, any moment from now. President Goodluck Jonathan announced this shortly after both the Senate and House of Representatives settled their differences and agreed on $77.5 as

No Cause for Alarm

Ngozi Okonjo-Iweala, finance minister, sends a 102-page document to the House of Representatives Committee on Finance, showcasing the government’s achievement so far Ngozi Okonjo-Iweala, minister of finance and coordinating minister for the economy, has probably never been under as much pressure as she has experienced recently. Since mid-last year, she had at one time or

CBN After Sanusi

  When the story of who succeeds Lamido Sanusi as governor, Central Bank of Nigeria, CBN, is told, he or she will be described as the most scrutinised candidate to ever occupy the position. This is because as the countdown to June when Sanusi’s five-year tenure as CBN governor is slated to end, the stakes

South Sudan: Not Yet Uhuru

Going by the estimates of the United Nations, UN, over 1,000 persons have died in the violence that erupted in South Sudan on December 15, 2013 when forces loyal to President Salva Kiir and those supporting Riek Machar, his former vice-president, took up arms. Malakal, a gateway city to the oilfields of the Upper Nile

DHL Promotes Better Education

The joy of the employees of DHL Nigeria, a courier and logistics company, is immeasurable. They are excited over the UPstairs Scholarship Programme, a platform put in place by the company to provide financial support worth €2,000 per annum to their children and families who desire to switch to a higher calibre school or moving

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