Wednesday, May 15, 2024
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TheCable

Business

GenCos blame weak transmission for erratic power supply

    GenCos blame weak transmission for erratic power supply

Power generation companies (GenCos) have kicked against claims by the Transmission Company of Nigeria (TCN) that they are performing below capacity. Joy Ogaji, executive secretary, Association of Power Generation Companies, said

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Bread scarcity looms as bakers mull shutdown over diesel price hike

    Bread scarcity looms as bakers mull shutdown over diesel price hike

Bakers under the aegis of the Premium Breadmakers Association of Nigeria (PBAN) say they are considering shutting down operations over a hike in diesel price. Emmanuel Onuorah, PBAN President, said

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NEITI: 2,119 mining firms failed to pay N2.76bn into federation account in 2020

    NEITI: 2,119 mining firms failed to pay N2.76bn into federation account in 2020

Nigeria Extractive Industries Transparency Initiative (NEITI) says 2,119 companies operating in the solid minerals industry owed the federation N2.76 billion in 2020. Orji Ogbonnaya Orji, executive secretary of NEITI, said

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Provide palliative to help us cope with increase in diesel price, MAN tells FG

    Provide palliative to help us cope with increase in diesel price, MAN tells FG

The Manufacturers Association of Nigeria (MAN) has asked the federal government to provide palliative measures to address the effects of the price increase in diesel. Lanre Popoola, chairman of the

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Amaechi: Lekki deep seaport will contribute $360bn to GDP

    Amaechi: Lekki deep seaport will contribute $360bn to GDP

Rotimi Amaechi, minister of transportation, says the Lekki deep seaport will contribute $360 billion to Nigeria’s gross domestic product (GDP).

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Russia-Ukraine war: Develop gas infrastructure to increase export to Europe, LCCI tells FG

    Russia-Ukraine war: Develop gas infrastructure to increase export to Europe, LCCI tells FG

The Lagos Chamber of Commerce and Industry (LCCI) has asked the federal government to improve Nigeria’s gas infrastructure. According to

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Farmers’ association applauds FG’s ban on direct purchase of agric produce by foreigners

    Farmers’ association applauds FG’s ban on direct purchase of agric produce by foreigners

The All Farmers Association of Nigeria (AFAN) has commended the federal government’s ban on foreigners’ direct purchase of agricultural produce.

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NPA opens first non-oil export processing terminal in Lagos

    NPA opens first non-oil export processing terminal in Lagos

The Nigerian Ports Authority (NPA), on Friday, flagged off the first non-oil export processing terminal, situated in Ibeshe-Ikorodu, Lagos state.

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Zainab Ahmed: Electricity subsidy removed — petrol is next

    Zainab Ahmed: Electricity subsidy removed — petrol is next

Zainab Ahmed, minister of finance, says the federal government has removed the subsidy on electricity tariff. She also hinted at

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Sokoloan, OKash — FG cracks down on digital lenders over ‘customer privacy violation’

    Sokoloan, OKash — FG cracks down on digital lenders over ‘customer privacy violation’

The federal government, on Friday, raided the offices of “illegal” digital loan companies operating in Ikeja, Lagos over alleged consumer

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