Management of Transmission Company of Nigeria (TCN) and the Niger Delta Power Holding Company (NDPHC) are currently working on a contractual agreement by which NIPP plants would provide about 265MW of Spinning Reserves. The reason for the agreement, according to the General Manager, Communication and Public Relations, NDPHC, Mr. Yakubu Lawal, is to facilitate grid responsiveness during swings and disturbances on the transmission network. In statement on the relevance of the NIPPs, after 10 years of conception, Lawal stated that the provision of spinning reserve and other ancillary services are being practiced all over the world and Nigeria now largely…
Author: Pride Team
Director General of Debt Management Office (DMO) Dr. Abraham Nwankwo has proposed to government the critical need to deepen its tax drive with the view to raising the required funds for infrastructure development. He therefore, suggested the need to widen the tax net to generate more revenue for the government just as he restated the Federal Government’s commitment that all money to be borrowed to finance the 2016 budget will be dedicated to fund capital projects. Nwankwo who made the suggestions at a one-day workshop by DMO on “Public Debt and the challenge of financing Nigeria’s economic recovery” organised for…
Director General of the Lagos Chamber of Commerce and Industry (LCCI) Muda Yusuf has said that the removal of subsidy regime by the federal government to liberalize the petroleum downstream sector is inevitable given the acute resource constraint that the country is faced with at this time. The DG said, the overregulation of the sector and the subsidy regime had put enormous pressure on government finances and on our foreign reserves. He noted that it was evident that the policy choice was not sustainable and the review is in the long-term interest of the economy and the people. He explained that…
As it becomes clear that government is overwhelmed by persistent fuel crises in the country, the minister of State for Petroleum Ibe Kachikwu has announced that the Federal Government is considering building three refineries in Kaduna, Port Harcourt and Warri to help put an end to the fuel crisis. He said when completed as planned by 2018, Nigeria will, for the first time, start exporting refined petroleum products. The minister also unveiled the government’s plan to provide every household with free gas cylinder before the end of next year, to stop dependence on kerosene for cooking. Speaking at a town…
Federal Government has announced the removal of oil subsidy, as petrol will now sell for about N145 per liter. According to Ibe Kachikwu, Minister of State for petroleum “We have just finished a meeting of various stakeholders presided over by His Excellency, the Vice President of the Federal Republic of Nigeria. The meeting had in attendance the Leadership of the Senate, House of Representatives, Governors Forum, and Labour Unions (NLC, TUC, NUPENG, and PENGASSAN). The meeting reviewed the current fuel scarcity and supply difficulties in the country and the exorbitant prices being paid by Nigerians for the product. These prices range…
Drake wasn’t wrong when he claimed Rihanna has the Midas touch – giving him No. 1 hits several times. Apparently whatever the superstar touches turns to gold. This is coming not long after her Puma × Fenty collaboration saw a huge success of spiked sales. What designer wouldn’t want to tap into this walking goldmine? Definitely Manolo Blahnik. Recently the design brand teamed up with Rihanna to release its collection themed the “desert denim”. Of course, from the name, denim is expected to be on center stage. The shoes are definitely for the sensual “sex in the city” type of…
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The Federal Government has finally removed subsidy from sale of Premium Motor Spirit, PMS, also known as petrol with immediate effect. NNPC sources this afternoon said marketers are now free to bring in cargoes and sell, subject to meeting standard quality control. It however added that a benchmark of N145 per litre, as a recommended pump price, at which any trader, irrespective of the source of foreign exchange used to import cargo is guaranteed adequate profit.xosotin chelseathông tin chuyển nhượngcâu lạc bộ bóng đá arsenalbóng đá atalantabundesligacầu thủ haalandUEFAevertonxosokeonhacaiketquabongdalichthidau7m.newskqbdtysokeobongdabongdalufutebol ao vivofutemaxmulticanaisonbethttps://bsport.fithttps://onbet88.ooohttps://i9bet.bizhttps://hi88.ooohttps://okvip.athttps://f8bet.athttps://fb88.cashhttps://vn88.cashhttps://shbet.atbóng đá world cupbóng đá inter milantin juventusbenzemala ligaclb leicester…
Edo State Government has asked a gubernatorial aspirant of the Peoples Democratic Party, Pastor Osagie Ize-Iyamu, to sort his problems with the Economic and Financial Crimes Commission (EFCC) and stop displaying crass ignorance of the workings of government and modern development. In a statement, the state Commissioner for Information, Prince Kassim Afegbua said Pastor Osagie Ize-Iyamu should be more concerned about defending the charges leveled at him by the EFCC on the N700 million illicit campaign funds collected by him to prosecute the re-election of former President Goodluck Jonathan. According to the statement: “we read with amusement a report credited…
India is a global IT powerhouse, but a huge majority of the population remains locked out of the benefits brought by the digital economy, the World Bank has said. India’s vibrant business process outsourcing sector, centred in the southern hubs of Bangalore and Hyderabad, has made it the leading exporter of IT services and skilled manpower in the developing world. Yet nearly a billion people have no Internet access, the biggest offline population of any country, World Bank economists said at the India launch of the World Development Report 2016, Digital Dividends. Fewer than two in five Indian businesses have…