Nigeria loses N343bn as oil firms burn 265bcf of gas in 9 months

By Michael Eboh Despite Nigeria’s struggle with declining revenue, poor power supply and environmental degradation, oil and gas firms operating in the country flared 265.18 billion standard cubic feet, bcf, of gas between January and September 2020. This, however, represented a decline of 23.6 per cent compared to 347.15 bc of gas flared in the … Read more

FG, DISCOs, Mojec, others move to cut metering gap by 66.7%

•Why prepaid meters are costly – Mojec By Prince Okafor With over 10 million households in Nigeria yet to be provided with electricity meter, the Federal government has commenced the National Mass Metering Programme (NMMP) in partnership with the eleven Electricity Distribution Companies, DISCO, Mojec International Limited, along with other metering manufacturing companies in the … Read more

Kano Disco resumes implementation of revised tariff

By Bashir Bello – Kano The Management of Kano Electricity Distribution Company (KEDCO) on Monday says the company has resumed the implementation of the revised service-based tariff following an earlier suspension by the Nigerian Electricity Regulatory Commission (NERC). KEDCO Head, Corporate Communications, Ibrahim Sani Shawai, announced this in a statement made available to newsmen in … Read more

Buhari salutes Bauchi youths for shunning #ENDSARS protests

President Muhammadu Buhari President Muhammadu Buhari on Monday commended the youths in Bauchi for resisting the temptation to partake in the #EndSARS protests that later degenerated into violence and looting of public and private property. Buhari gave the commendation on Monday in Bauchi at a Town Hall meeting to discuss issues affecting the people. Represented … Read more

The four Ps of marketing: Pricing strategy

In my previous piece, we described marketing and how marketing is facilitated by the 4-Ps: In today’s edition we will be talking about Price. A pricing strategy is the basic approach of how a business prices its products or services. Having a good pricing strategy is critical for the profitability of your business but keep … Read more

Cameroon:Massacred Kumba kids to be buried on Thursday

The seven children who were killed at a school in Kumba over a week ago by gunmen will be laid to rest on Thursday, November 5, the Kumba City Council has announced. According to a program released by the Kumba City Council, the mortal remains of the children will be removed from the mortuary in … Read more

Cameroon:Govt hands over support to beneficiaries of Biya’s special youth plan

The Ministry of Youth and Civic Education has begun distributing material support to beneficiaries of the Three-Year Special Youth Program. The distribution exercise kicked off in Douala on Friday, October 30 and will see the Minister of Youth and Civic Education travel to several other localities across the country for the same exercise. The items … Read more

Forex inflow to domiciliary accounts falls 69% in Q2

*Turnover in I&E dips 14% to $1.7bn in Oct By Babajide Komolafe & Elizabeth Adegbesan Foreign exchange (forex) inflow to domiciliary accounts fell by 69 percent, quarter-on-quarter (q/q) in the second quarter of the year (Q2’2020) amidst acute dollar scarcity during the quarter. A domiciliary account is a type of current account that allows you … Read more

Q3’20: Custodian Investment records 9.5 % growth in PAT

Nigerian Stock Exchange By Peter Egwuatu Custodian Investment Plc has declared a Profit After Tax (PAT) of N1.5 billion in the third quarter of 2020, as against N1.37 billion posted the same period in 2019, representing a growth by 9.5 per cent The Company, according to its consolidated financial report for the third quarter, Q3 … Read more

Corporate earnings reports to strengthen bullish sentiment

Stock Market *As index crosses 30,000 basis pts By Nkiruka Nnorom The bullish sentiment in the stock market, which has defied all odds in the socio-economic environment, was further strengthened last week following the commencement of third quarter (Q3) 2020 earnings announcement by the corporates. A number of quoted companies, including MTN Communication Nigeria Plc, … Read more

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