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All posts by David Abellegah

  • New Regulation Likely To Cost Nigeria $48b Investment​s in Oil Sector

    A bid procedure adopted by the Nigerian National Petroleum Corporation (NNPC) may cost the nation Investments in the oil and gas industry worth about $48 billion. The process has disregarded all due and standard procedures in conducting...

    • Posted December 8, 2012
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  • Senators Turn down N9 billion Extra’vaganza’ for VP’s House

      The Senate Committee on the Federal Capital Territory (FCT) yesterday refused to approve the additional N9bn expenditure budgeted for the Vice President Sambo’s residence under construction. Refusing the request, the Chairman of the Committee, Senator Smart...

    • Posted December 7, 2012
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  • Jonathan Spends N3.3 billion on Foreign Trips… Cost of Governance Soars

    President Goodluck Jonathan has spent billions of naira on foreign trips in 2012 despite his earlier promise to cut down these expenses. Research has shown that the President together with his entourage have spent nothing less that...

    • Posted December 7, 2012
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  • Uba, Maduka N20 billion Probe Stalled by Okonjo-Iwe​ala’s Absence

    Investigations into the N20 billion fuel subsidy dispute between the Chairman of Capital Oil and Gas Limited, Mr. Ifeanyi Uba, Mr. Cosmas Maduka failed to hold yesterday following unforeseen circumstances. The investigation been carried out by the...

    • Posted December 7, 2012
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  • Economizin​g: Sanusi Sets Record Straight With His Critics

    The Governor of Central Bank of Nigeria, Mallam Lamido Sanusi, yesterday sent out a calm retort to those agitating for his removal, he said they got it wrong. Sanusi said Nigeria has a laid down political structure...

    • Posted December 6, 2012
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  • Dangote Closes Down BCC Cement Plant in Gboko

    The management of Dangote Cement Plc has completed arrangements to close down its four million metric tons per annum Gboko Plant, for the moment because of excess supply in the cement market. The Group Head, Corporate Communication, Dangote...

    • Posted December 6, 2012
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  • Adenuga Contributes N.5bn to Bayelsa State Government Flood Relief Efforts

    A dazzling sum of N500 million was donated to support the flood relief efforts of the Bayelsa State Government by the Chairman of Globacom, Dr. Mike Adenuga Jnr. While presenting the cheque to state Governor Hon. Seriake...

    • Posted December 5, 2012
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  • Customs to Generate N150 billion Monthly, N1.8 trillion a Year

    The Comptroller General of the Nigerian Customs Service (NCS), Alhaji Dikko Abdullahi has promised that they are targeting monthly revenue N150 billion next year. Dikko made the promise at the just-concluded Comptroller-General’s Annual Conference in Katsina, which...

    • Posted December 5, 2012
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  • ACN, others berate Jonathan over N2.2 billion party hall

    Civil rights groups and the Action Congress of Nigeria condemned the President Goodluck Jonathan-led administration for approving the sum of N2.2bn for a banquet hall project for Aso Rock and borrowing N2.57tn in 18 months. They blasted...

    • Posted December 5, 2012
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  • FG Will Hold Oil Licensing Round This Year- Alison-Madueke

    The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has said Nigeria continues to set its sights on holding an oil-licensing round for marginal fields prior to the end of this year. “We sincerely hope to have a...

    • Posted December 5, 2012
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