NG Business

Gas flaring fund: Senate to quiz NNPC, ministry

Minister of Petroleum Resources, Mrs. ...

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INVESTORS SPEAK: Do you know about Bonds?

By CHINEDU IBEABUCHI and JIMOH WILLIAM Felix, security man: There is need for a lot of awareness on the part of the market regulators because many people would have loved to come into the market and invest in bonds. But they cannot because you don’t expect me to jump with my money into something I do not know much about...

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Unions react to GE’s litany of agreements in Nigeria

By Sebastine Obasi US-based electricity giants, General Electrics in the recent time has signed, but opinions vary on the salutary effects of these agreements in terms of sustainable power delivery to Nigerians. ...

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Insurance penetration’ll fast-track Nigeria’s economic growth

By Fola Daniel President Goodluck Jonathan last year launch the Financial Inclusion Strategy for the country which provided a road map for developing an inclusive financial system. ...

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PIB: Imperfect comparison of petroleum minister’s powers

By Felix Ayanruoh It is not too late for the Nigerian government to have a New Year’s resolution and new slogan. This resolution may be hard to understand or solve, but it is crucial...

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PHCN laments increase in equipment vandalism …Over N20m spent on replacement

By KUNLE KALEJAYE The Management of Power Holding Company of Nigeria, PHCN, Ikeja Electricity Distribution Company, (DISCO) has raised an alarm over the increased rate of vandalism of its equipment in many parts of its network in Lagos. The company explained that vandalism which had initially reduced after the conviction of two vandals to various terms of imprisonment assumed a wider dimension in the last six months of 2012. ...

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Uncertainty mars Nigeria’s oil, gas export

Nigeria’s latest  drop in oil and gas export has further dented its reputation as a reliable energy supplier, at a time when demand for imports is falling in the United States and Asia has an increasing choice of suppliers. ...

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INVESTORS’ EDUCATION: Buy a share, own a company

By BABAJIDE KOMOLAFE That is what investment in shares is all about. ...

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Oil producing states to get industrial parks – NCDMB

By Ediri Ejoh In a bid to stimulate oil producing communities in the country to participate in the local supply chain of the oil sector, the Nigerian Content Development and Monitoring Board, NCDMB, said it planned to establish industrial parks in oil producing states in partnership with the state governments. The development endorsed by the Governing Council of the Board under the Chairmanship of Mrs. ...

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India to allow corporations open banks

India will soon allow corporate houses to open banks despite misgivings within the central bank as well as the International Monetary Fund that it may lead to risky loans if newcomers succumb to the temptation of lending to their related firms. Reuters reported that the Indian government wants to reform a sector dominated by often lethargic state banks and which only reaches half the country’s households...

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