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The Chief Executive Officer (CEO) of Proton Energy, Mr Oti Ikomi has advised the Nigerian government on the fresh impetus needed to scale up power generation, transmission and investment in the country. According to him, latest reports by the National Electricity Regulator Commission (NERC) have shown improvement in certain fundamentals of the power sectors,…
March 30, 2021
Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, The National Bureau of Statistics (NBS) has revealed. This was contained in the latest report of NBS, titled Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its official website on Monday. According to the report, N12.71 trillion…
March 29, 2021
With Agency Report -- There was excitement in the global shipping industry, Monday, as traffic through Egypt’s Suez Canal resumes after a giant container ship which had been blocking the busy waterway for almost a week was refloated, according to the canal authority. The 400-metre (430-yard) long Ever Given became jammed diagonally across a southern…
March 29, 2021
By Alex Kimani Many investors are already aware of the fact that China is the world's most dominant player in the solar and clean energy sector. 8 out of 10 biggest manufacturers of solar equipment are Chinese with First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWR) the only American representatives among the elite. It's not for lack of trying, though—Silicon Valley…
March 29, 2021
The Chief Operating Officer of Ibom Air, Mr George Uriesi, on Saturday said the company would create four or five new domestic destinations before the end of 2021. Uriesi, who said this in Abuja at the“Abuja Jabamah Tourism Expo2021,” added that such effort would improve connectivity within the country. According to him, the move will…
March 28, 2021
Following the ongoing speculations about the hike in the price of Premium Motor Spirit (PMS), also known as Petrol, the Nigerian National Petroleum Corporation (NNPC), on Friday promised to maintain the current ex-depot price, pending the conclusion of engagement with the organized labour and other stakeholders. Disclosing this, Mr Kennie Obateru, the General Manager, Public…
March 26, 2021
Expect PIB Passage In April, Sylva Tells Nigerians From Segun Amure, (The New Diplomat's Abuja Bureau) The Nigerian National Petroleum Corporation (NNPC) says it pays N120 billion every month to subsidise Premium Motor Spirit (PMS), also known as petrol, hinting that price may soon go up as the corporation may not continue to bear the…
March 26, 2021
Total Exploration and Production Nigeria Limited on Thursday said it contributed N1.2 billion to the Federal Government’s COVID-19 effort to combat the pandemic. The oil giant said it was also in discussion with the government on the procurement of COVID-19 vaccines for Nigerians. Mr Alex Aghedo, Executive General Manager, Operations Support Services, Total E&P Nigeria,…
March 25, 2021
The prices of fairly used cars known as ‘Tokumbo’ have skyrocketed due to tight border control and soaring exchange rates, the News Agency of Nigeria (NAN) reports. A cross-section of car dealers, who spoke with NAN in Abuja on Thursday, lamented that the development was stiffening them out of business. Alhaji Ali Adamu, a car…
March 25, 2021
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The Chief Executive Officer (CEO) of Proton Energy, Mr Oti Ikomi has advised the Nigerian government on the fresh impetus needed to scale up power generation, transmission and investment in the country. According to him, latest reports by the National Electricity Regulator Commission (NERC) have shown improvement in certain fundamentals of the power sectors,…
March 30, 2021
Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, The National Bureau of Statistics (NBS) has revealed. This was contained in the latest report of NBS, titled Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its official website on Monday. According to the report, N12.71 trillion…
March 29, 2021
With Agency Report -- There was excitement in the global shipping industry, Monday, as traffic through Egypt’s Suez Canal resumes after a giant container ship which had been blocking the busy waterway for almost a week was refloated, according to the canal authority. The 400-metre (430-yard) long Ever Given became jammed diagonally across a southern…
March 29, 2021
By Alex Kimani Many investors are already aware of the fact that China is the world's most dominant player in the solar and clean energy sector. 8 out of 10 biggest manufacturers of solar equipment are Chinese with First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWR) the only American representatives among the elite. It's not for lack of trying, though—Silicon Valley…
March 29, 2021
The Chief Operating Officer of Ibom Air, Mr George Uriesi, on Saturday said the company would create four or five new domestic destinations before the end of 2021. Uriesi, who said this in Abuja at the“Abuja Jabamah Tourism Expo2021,” added that such effort would improve connectivity within the country. According to him, the move will…
March 28, 2021
Following the ongoing speculations about the hike in the price of Premium Motor Spirit (PMS), also known as Petrol, the Nigerian National Petroleum Corporation (NNPC), on Friday promised to maintain the current ex-depot price, pending the conclusion of engagement with the organized labour and other stakeholders. Disclosing this, Mr Kennie Obateru, the General Manager, Public…
March 26, 2021
Expect PIB Passage In April, Sylva Tells Nigerians From Segun Amure, (The New Diplomat's Abuja Bureau) The Nigerian National Petroleum Corporation (NNPC) says it pays N120 billion every month to subsidise Premium Motor Spirit (PMS), also known as petrol, hinting that price may soon go up as the corporation may not continue to bear the…
March 26, 2021
Total Exploration and Production Nigeria Limited on Thursday said it contributed N1.2 billion to the Federal Government’s COVID-19 effort to combat the pandemic. The oil giant said it was also in discussion with the government on the procurement of COVID-19 vaccines for Nigerians. Mr Alex Aghedo, Executive General Manager, Operations Support Services, Total E&P Nigeria,…
March 25, 2021
The prices of fairly used cars known as ‘Tokumbo’ have skyrocketed due to tight border control and soaring exchange rates, the News Agency of Nigeria (NAN) reports. A cross-section of car dealers, who spoke with NAN in Abuja on Thursday, lamented that the development was stiffening them out of business. Alhaji Ali Adamu, a car…
March 25, 2021
