Why TCN Can’t Transmit 13,000MW Generated by GENCOS
The Transmission Company of Nigeria (TCN) says it currently has capacity to transmit 8,100 megawatts (MW) of about 13,000 megawatts (MW) generated electricity. Thomas Inugonum, TCN’s general manager for the Port Harcourt region, spoke during a news conference on Sunday in the state. He said the country is supposed to transmit about 15,000MW, but “we […]
Wike – Fubara Tussle Tears Rivers PDP Apart
The People’s Democratic Party said it would write the Independent National Election to demand fresh elections to replace its 27 members in the Rivers State House of Assembly who defected to the All Progressives Congress. A total of 27 members of the House elected on the PDP platform recently defected to the APC and threatened […]
NARTO Rejects Plan to Integrate Tanker Trucks into ECS
The National Association of Road Transport Owners (NARTO) has faulted plans by the Nigerian Ports Authority (NPA) and the Trucks Transit Parks Limited (TTP) to integrate petroleum tankers in the electronic call-up system in a bid to decongest access roads to the Ports. The National President, NARTO, Yusuf Othman who spoke to newsmen recently in […]
Customs Duty Exchange Rate Review Bad for Economy – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern over the plan for an upward review of exchange rate for custom duties on imports. The Centre warned that the increase from N783 to N952/$ would worsen the already-high inflation rate that will have multiplier effects on production and distribution of goods and […]
NIPC Engages World Bank, IFC on Nigeria’s Private Sector Investment Diagnostics
The Nigerian Investment Promotion Commission (NIPC) recently hosted representatives from the International Finance Corporation (IFC) and the World Bank to discuss strategies for mobilising private capital and fostering investment in Nigeria. The meeting which held at the Commission’s head office, focused on identifying potential investment opportunities, addressing challenges faced by investors, and exploring areas for […]
NIPC, IFC, and World Bank Engage in Discussions on Nigeria Country Private Sector Diagnostic
Abuja – 6 December, 2023 – Earlier today, Nigerian Investment Promotion Commission (NIPC) hosted representatives from the International Finance Corporation (IFC) and the World Bank to discuss strategies for mobilising private capital and fostering investment in Nigeria. The meeting which held at the Commission’s head office, focused on identifying potential investment opportunities, addressing challenges faced […]
Nigeria, Algeria initiate Technical Collaboration on Social Housing
Minister of housing and Urban Development, Arc. Ahmed Dangiwa and Minister of Housing, Urban Planning, Algeria, at the Sheraton Hotel in Algiers In a significant move toward ensuring efficiency and sustainable impact of planned social housing initiatives in Nigeria, Arc. Ahmed Musa Dangiwa, Nigeria’s Minister of Housing and Urban Development, met with Mohamed Tarek Belaribi, […]
Nigeria and Japan Seek to Strengthen Economic Ties Through Business Facilitation Council
In a move to enhance economic cooperation and investment opportunities between Nigeria and Japan, the Nigerian Investment Promotion Commission (NIPC) recently hosted H.E. Ambassador, Japan to Nigeria, Mr. Matsunaga Kazuyoshi, for a strategic discussion. The meeting also focused on the upcoming Nigeria-Japan Business Facilitation Council, which aims to promote and strengthen business relations between the […]
Nigeria And Jamaica Explore Increased Trade And Investment Opportunities
The Nigerian Investment Promotion Commission (NIPC) and the Jamaican High Commission Designate to Nigeria convened a meeting to explore avenues for enhanced trade and investment collaboration between the two countries. NIPC Executive Secretary and CEO Aisha Rimi highlighted Nigeria’s compelling investment landscape, citing its robust foundation for cooperation and unwavering commitment to deepening economic linkages […]
2024 Hajj: NAHCON Signs Contract Agreement with Saudi Service Provider
The Chairman of National Hajj Commission of Nigeria (NAHCON) Malam Jalal Ahmad Arabi, has signed agreement with Saudi Service Provider, Ithraa Al Khair Company at the Hilton Convention Hotel, Jabal Umar, Makkah. Th agreement contains details of service delivery expected from the company, including cost of each service along with penalties in case of violation […]