PM News Nigeria

World Bank approves $250 million credit for water projects in Nigeria

Oladokun Bamidele

The World Bank said it has approved a credit of 250 million US dollars to help the Nigerian Government continue its efforts to increase access to water supply services. In a statement in Abuja on 21 April, the World Bank’s Communications Associate, Africa Region, Bamidele Oladokun, said the credit facility would also help to improve […]

Electricity generation to hit 12,000mw by 2016

dr sam amadi

Dr Sam Amadi, Chairman, Nigeria Electricity Regulatory Commission (NERC), has said electricity generation nationwide would hit 12,000 mega watts before the end of 2016, He disclosed this on Monday in Minna at a town hall meeting. Amadi said that this would be made possible as the commission had issued licence to private power plant operators […]

Marketers urge FG to pay outstanding fuel subsidy claims

Obafemi Olawore Executive Secretary MOMAN

Obafemi Olawore, Executive Secretary, Major Oil Marketers Association of Nigeria, has pleaded with the Federal Government to pay marketers’ subsidy claims to avoid fuel scarcity. Olawore claimed that the outstanding subsidy claims stood at N53.6 billion. “As at April 1, we were still owed an outstanding of over N53.6 billion by government on subsidy which […]

Traders want CBN to increase circulation of lower denomination Naira notes

Sarah Alade Acting Central Bank of Nigeria Governor

Some traders in Lagos have appealed to the Central Bank of Nigeria (CBN) to ease their transactions with customers by injecting adequate lower denomination Naira Notes into the system. The traders said dearth the of lower Naira notes was hampering free flow of business activities. Ayisat Bello, a stall owner at Ayobo market, said the […]

Hitachi to provide world’s fastest elevator

Guangzhou CTF Financial Centre

Japan’s Hitachi has said it will provide the world’s fastest elevators, which can clock speeds of up to 72 kilometres (45 miles) per hour, to a high-rise building in China. The lifts will be delivered to the 111-storey, 530-metre (1,740-foot)-tall Guangzhou CTF Financial Centre due to be opened in the southern Chinese city of Guangzhou […]

NNPC denies rift between Yakubu and Alison-Madueke

Diezani Alison-Madueke: oil minister

The Nigerian National Petroleum Corporation (NNPC) has said that there is no rift between the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, and the Group Managing Director of NNPC, Mr Andrew Yakubu The clarification was contained in a statement issued on Sunday by the Group General Manager, Group Public Affairs Division of NNPC, Mr Ohi […]

Flights suspended to Kaduna Airport

Kaduna Airport

Flights to Kaduna airport have been temporarily suspended till Monday evening following a fire incident which affected the tower, Nigerian Airspace Management Agency (NAMA) said in a statement. The statement was issued by Mr Supo Atobatele, the General Manager and Public Relations Officer of NAMA in Abuja on Sunday. It said the agency had already […]

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