By Nick Cunningham China’s stock market fell sharply on Thursday, dragged down by a range of concerns that should offer a warning to the broader global economy. The Shanghai Composite Index fell nearly 3 percent on Thursday, falling to its lowest point in nearly four years. The problems in China are dragging down markets across…
By Oke Peter The Minister of Power, Works and Housing, Mr Babatunde Fashola, has said electricity supply in the country is improving slowly and that power problems cannot be solved by magic. Total power generation stood at 3,729 megawatts as of 6am on Wednesday, according to latest data obtained by our correspondent from the ministry….
The Bauchi State governor, Mohammed Abubakar, has unveiled that the Excess Crude Account hit $2.09 billion as at October 16. The News Agency of Nigeria (NAN) has reported. Abubakar told journalists on Thursday after the National Economic Council (NEC) meeting which held in Abuja. He explained that the Minister of Finance, Zainab Ahmed, gave the…
President Muhammadu Buhari says the Federal government will support the N1.5 billion Digital Library and Event Center project of the Petroleum and Gas Senior Staff Association of Nigeria (PENGASSAN). The president gave the assurance at the 40th Anniversary of PENGASSAN in Abuja, on Thursday. He was represented by the Minister of state for Petroleum Resources,…
Abiola Esther – Lagos The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Thursday said that additional 945 megawatts of electricity would be added to the national grid before the end of the year. Fashola said this at the Nigeria-South Africa Chamber of Commerce breakfast business meeting in Lagos themed: “Power Sector and…
