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IBEDC opposes removal of fixed electricity charges
Should the federal government, through the Bureau of Public Enterprises (BPE), go ahead with its plan to stop monthly fixed charges on electricity in the country, it would have a great impact on the...
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Custom intercepts 15 bags of ammunition in Ogun
File The Ogun State Command of the Nigeria Customs Service (NCS) has intercepted 1,480 cartridges of live ammunition concealed in 15 bags of rice from smugglers along the Abeokuta-Igboora bush path....
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SURE-P’S collaboration with ITF will help train 2 million youths yearly —– D-G
Collaborative efforts between SURE-P and the Industrial Training Fund (ITF) will help the fund to train more than two million youths every year, an official said on Thursday in Abuja. ITF’s...
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Informal sector, not cement cause of building collapse in Nigeria
Incessant building collapse in the country was not caused by cement but by activities of people in the informal sector as everybody now parade themselves as engineer with formal or informal training,...
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Experts pick holes in procurement process
Renewed controversies have trailed the continued existence of the Bureau of Public Procurement (BPP) without the proposed National Council on Public Procurement (NCPP) which ought to endorse the...
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N220bn bailout: SMEs seek list of financial institutions, beneficiaries
CBN Building Some small scale industrialists on Friday urged the Central Bank of Nigeria (CBN) to release the list of financial institutions and the class of beneficiaries for N220 billion bailout to...
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Lagos govt. Woo rural dwellers with free gas cylinders, accessories
The Lagos State Government on Monday distributed free gas cylinders and accessories to some communities in its campaign to make rural dwellers embrace use of cooking gas. The state’s Ministry of Energy...
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NNPC, Shell, Chevron pay fines over failure to meet gas supply contract to Ghana
The Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC) and Chevron Nigeria Limited, owners of N-Gas, the main supplier of gas to Ghana’s Volta River Authority...
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Residents raise N.2m to fix electricity after months of blackout
Residents of Paikon-Kore community in Gwagwalada Area Council of the FCT, said they resulted to tasking themselves to raise over N200,000 in order to fix the vandalized electricity cable after five...
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FG owes power firms N95bn in subsidy
Olorunsogo Power Plc The Federal Government currently owes the power distribution companies about N95bn in subsidy for electricity usage by consumers, investigation by our correspondent has revealed....
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Nigeria targets 30% generation of electricity from coal
The Minister of Mines and Steel Development, Mr. Musa Sada, has said that the federal government has targeted coal to contribute 30 per cent of power generation in the country by 2015. Sada told the...
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Nigerian fashion designers seeks N150m to build production hub, retail store
The Fashion Designers’ Association of Nigeria (FADAN), Lagos Chapter, on Thursday said that they needed about N150 million to build a production hub in Lagos. Mr Kolawole Kuddus, the State Coordinator...
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ICRC lists challenges facing infrastructure development
Infrastructure Concession and Regulatory Commission (ICRC) said lack of continuity in governance and unacceptability of Public-Private-Partnership (PPP) as procurement alternative were major...
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Rebasing: Nigerian economy now worth N81tn
The National Bureau of Statistics (NBS) has revised the size of Nigerian economy to about N81.009 trillion following it latest final rebasing of the country’s Gross Domestic Product (GDP), using the...
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CBN begins restructuring of NSPMC, retires directors
The Central Bank of Nigeria has begun the restructuring of the Nigerian Security Printing and Minting Plc in line with the directive of President Goodluck Jonathan. To this end, the board of the...
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SEAP collaborates with international company on polymer block making
File By Olarotimi Oshin The founder of a financial institution in Nigeria, Self Reliance Economic Advancement Programme (SEAP) in conjunction with an American based company known as Opportunity...
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UBA shareholders endorse Elumelu’s return
Mr. Tony Elumelu Some shareholders of the United for Africa Plc (UBA) have said the return of Mr. Tony Elumelu as chairman of the bank is a good development that would boost the fortunes of the...
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Domestic operators want multiple entries for foreign airlines reversed
Domestic airline operators have urged the federal government to review the policy of granting multiple entries to foreign airlines operating in Nigeria. They policy, according to the operators, shrinks...
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Access Bank targets 20% loan growth
Access Bank Plc is expecting a loan growth of 20 per cent this year, after a 17 per cent rise in the first half, driven by increased lending to its corporate and investment banking customers. The Chief...
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Expect stable power supply by October – Nebo tells Nigerians
Prof. Chinedu Nebo The Federal Government, Friday, said that the country will experience more stabilised power supply by the beginning of October. The Minister of Power, Prof. Chinedu Nebo who said...
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