Metro

Power Generation By NIPP Gencos Drops To 493MW

The continued instability of Nigeria’s national electricity grid has reportedly forced eight power generation companies (Gencos) of the National Integrated Power Projects (NIPPs) to cut down their average expected daily power production levels from a whopping 4694 megawatts (MW) to a mere 493MW, an operations status report obtained yesterday by Thisday has showed.

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Oil Prices Surge By 20% On Drone Strike On Saudi Arabia

Crude-oil

Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per cent of global supplies. Brent prices, according to Bloomberg, jumped as much as $11.73 to $71.95 a barrel in early trading in Singapore.

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Nigerian Businessman Dragged National Bank Fujairah Of Dubai To Court Over Bogus Interest Charges.

In a bid to safeguard his business interest against alleged excessive and bogus interest charges,  a Dubai based Nigerian businessman,Adedoyin Adeyinka alongside his two companies UNICO MARINE DWC LLC, and ELIZABETH SHIPPING LTD have dragged Dubai United Arab Emirates bank, National Bank of Fujairah PJSC, before a Federal high court in Lagos South West Nigeria. 

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Heritage, NEXIM Banks’ CEOs For FICAN Workshop

The Managing Directors of Heritage Bank Limited and Nigerian Export-Import Bank (NEXIM) Limited have all confirmed their attendance at the forthcoming Finance Correspondents Association of Nigeria (FICAN) Annual workshop holding in Lagos.

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Tony Elumelu, ICRC President, Peter Maurer Calls For A New Private Sector Led Approach To Humanitarian Development In Africa

At the just concluded Forum organised by the International Committee of the Red Cross (ICRC), key speakers Tony Elumelu, Founder of the Tony Elumelu Foundation and Peter Maurer, President of the International Committee of the Red Cross (ICRC) proffered entrepreneurship as the most sustainable solution to accelerating Africa’s transformation.

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