All posts by Ifreke Inyang

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  Power: FG secures N54.5bn for bulk trader

  The Federal Government has secured additional $350m (N54.5bn) for the Nigerian Electricity Bulk Trading Plc in a bid to boost the organisation’s power purchase abilities. According to the government, the fund is in addition to the allocation...

  • Posted March 8, 2014
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  Dana Air gets new flight operations director

  Dana Air has appointed Mr Francois Bouteiller as its Director of Flight Operations. A statement signed by the airline’s Chief Operating Officer, Mr Yvan Drewinsky, said that the appointment was aimed at raising Dana Air’s level of...

  • Posted March 8, 2014
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  FG to generate $5.7bn from 10 power plants – BPE

  The Federal Government will generate more than $5 billion from the sale of 10 National Integrated Power Plants, an official said. The Director-General, Bureau of Public Enterprise, Mr Benjamin Dikki, made the disclosure at a news conference on...

  • Posted March 8, 2014
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  NNPC blames fuel scarcity on pipeline breaches

  The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, yesterday attributed the current fuel scarcity in the country to the disruptions in the pipeline network leading to its depots. Yakubu who made this claim...

  • Posted March 7, 2014
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  Importers demand implementation of $190 duty on imported rice

  Key rice distributors, importers and other relevant stakeholders in Nigeria have urged the Federal Government to quickly implement the 2013 benchmark of $190 per metric ton duty on imported rice. The stakeholders under the aegis of Rice...

  • Posted March 7, 2014
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  Fuel scarcity: DPR sanctions 57 marketers

  Fifty-seven filling stations found to be hoarding and diverting petroleum products in the Federal Capital Territory have been sanctioned by the Department of Petroleum Resources. According to the department, the disappearance of queues in the Abuja area...

  • Posted March 7, 2014
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  BEDC frustrating disengaged PHCN staff – NUEE, SSAEAC

  MEMBERS of National Union of Electricity Employees, NUEE and Senior Staff Association of Electricity and Allied Companies, SSAEAC, have accused the Management of Benin Electricity Distribution Company, BEDC, of frustrating disengaged staff of Power Holding Company of...

  • Posted March 7, 2014
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  PenCom denies looting of funds by junior employees

  NATIONAL Pension Commission, PenCom, has denied media report that some of its junior employees were involved in the alleged looting of pension fund, stating that no official of PenCom was involved in any form of looting of...

  • Posted March 7, 2014
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  Patronise local meter manufacturers – Lawmaker urges Discos

  A member of the House of Representatives’ Committee on Power, Mrs. Abike Dabiri-Erewa, has urged the new managements of all electricity distribution companies to patronise local meter manufacturers in the spirit of the local content initiative. She...

  • Posted March 7, 2014
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  Power supply: FG to take $170m French loan

  The Federal Executive Council on Wednesday ratified an anticipatory approval given by President Goodluck Jonathan to the Ministry of Finance to borrow $170m from the French Development Agency. The loan is meant to beef up power infrastructure...

  • Posted March 7, 2014
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