Saturday , April 20 2019

TCN raises alarm over imminent collapse of power sector system

LAGOS-NIGERIA: The Transmission Company of Nigeria ((TCN), yesterday issued warnings about the imminent collapse of another system of the power sector as a result of the volume of idle power waiting for evacuation. It therefore advised electricity Distribution Companies (DisCos) to recapitalise to boost their capacity, lamenting that despite its …

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Lagos generates N103.4bn Q1 2018, spends N93bn on capital projects

LAGOS-NIGERIA: The Lagos State government yesterday said its internally generated revenue for the first quarter of 2018 was N103.476billion. The new revenue is an improvement to the N96.7billion recorded in the previous year, accounting for 81 per cent of the total revenue of N141billion generated in the quarter this year. …

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Keystone Bank Launches ‘CashToken’ Customers

LAGOS-NIGERIA: Keystone Bank Limited, has launched a ground-breaking product, ‘CashToken’, a new age of hyper consumer centricity in Nigeria. The new product is in partnership with a ‘Cash Reward as-a-Service Company’, CeLD Innovations Limited. The new product which was formally launched in Lagos at a conference tagged “500 Top CEOs …

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NAMA MOVES TO IMPROVE INTERNALLY GENERATED REVENUE

Ayodele Olalere LAGOS-NIGERIA: The Nigerian Airspace Management Agency (NAMA) has begun moves to shore up its revenue base in order to effectively meet its core obligation of air navigation service provision within the Nigerian airspace to stakeholders. This move according to NAMA Managing Director, Capt. Fola Akinkuotu became imperative owing …

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IMSO boss, Chuma emerges DG, Media Ekene Enefe Campaign Org

Ayodele Olalere Anambra-Nigeria: The National Director, Independent Media Support Organization (IMSO), Comrade Harris Chuma has emerged the Director General Media/Publicity, Ekene Enefe Campaign Organisation, ahead 2019 election. Ekene Enefe recently declared to contest for Oyi /Ayamelum Federal Constituency under the platform of All Progressives Grand Alliance, APGA, at his country …

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Lagos Chief Judge commissions Small Claims Courts

Ayodele Olalere LAGOS-NIGERIA: As part of efforts to fast track justice delivery in commercial disputes involving small claims, the Chief Judge of Lagos State, Justice Opeyemi Oke, yesterday inaugurated Small Claims Courts. The inauguration took place at JIC Taylor Court House, Igbosere, Lagos. Justice Oke said that the Small Claims …

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Trump targets OPEC over high oil prices

LONDON–UNITED KINGDOM: Donald Trump has criticised the Opec oil producers’ group, saying crude prices are “artificially very high”. In a tweet, the US President said this was “no good” and “would not be accepted”. The main crude oil benchmark prices, Brent and West Texas Intermediate (WTI), fell around 1% after …

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