About 66 power companies submitted yesterday bids for the purchase of 10 Nigeria National Integrated Power Plants NIPP in the Niger Delta. They include; Alaoji (3), Egbema (4),Ogorode (8), Omuku (8), Geregu (8), Gbarai (7), Benin (4), Omotosho (13), Olorunsogo (5) and Calabar power station. Though,...

As Nigeria starts screening for a new CBN governor to replace Sanusi Lamido Sanusi (SLS) at the expiration of his tenure come June 2014, the names of people in consideration for his post, which includes coterie-elite bank managers like him and other old goons,...

The new owner of Eko Electricity Distribution Company, West Power & Gas Limited, has unveiled plans to invest $250m (N39.7bn) to transform the facility and improve its distribution network. The Chairman of the company, Mr. Charles Momoh, said the fresh investment would be injected into...

Total assets under the Contributory Pension Scheme (CPS) have reached an all-time high of N3.72 trillion, the acting Director General of the National Pension Commission (PenCom) Mrs Chinelo Anohu-Amazu, has said. This is as total contributors to the scheme also recorded an increase from 5.61...

A survey has shown that 37 per cent of Nigerians are not aware of mobile money and as such do not use the payment platform. Philip Consulting disclosed this in a report on mobile money. According to the report, of the remaining 63 per cent respondents...

  The Nigerian Stock Exchange (NSE) closed the week on a positive note, consolidating on its previous week’s gains as the market capitalisation gained N97.09 billion to close at N12.07trillion from N11.97 trillion at which it opened the week. The All-Share Index (ASI) went up by...