Daily Archives: February 16, 2021

Ugwuanyi and the challenge of Southeast PDP

Ugwuanyi and the challenge of Southeast PDP

The Peoples Democratic Party (PDP) appears to be at the point of reinventing itself. Events of the last few weeks indicate that the party is desirous of reclaiming the seat of power in Anambra State. Apart from the several meetings ...

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How Nigeria can benefit from Okonjo-Iweala-led WTO – LCCI

How Nigeria can benefit from Okonjo-Iweala-led WTO – LCCI

The Lagos Chamber of Commerce and Industry has highlighted steps Nigeria needs to take in order to fully take advantage of the opportunities offered by the World Trade Organisation under the leadership of Dr Ngozi Okonjo-Iweala. The LCCI, in a ...

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Petrol subsidy may hit N11.2bn per week

Petrol subsidy may hit N11.2bn per week

• Crude oil price rises above $63 The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as the rise in global oil prices pushed up the landing cost of the ...

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Naira gains slightly, exchanges for 473/$

Naira gains slightly, exchanges for 473/$

The naira on Monday exchanged at  473/$ at the parallel market, after trading at  477 the previous week. At the Investors & Exporters forex window, the naira hit a high of  422/$ before closing at  390/$. The Central Bank of ...

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Reps condemn $750m annual loss to gas flaring

Reps demand documents on N2.2tn foreign, domestic debts utilisation

The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the flared gas could have been used to generate electricity for the country. The Federal Government has, however, said it is committed to ...

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Gas supply increase raised power generation by 3,358MW – NNPC

Gas supply increase raised power generation by 3,358MW – NNPC

The Nigerian National Petroleum Corporation in its latest monthly operations report said the increase in gas supply to 789 million standard cubic feet, which was delivered to gas-fired power plants, led to the generation of 3,358 megawatts of electricity. Also, ...

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