All posts by Ifreke Inyang

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  PIB: Ministry cannot explain N500m public enlightenment expenditure

  The Ministry of Petroleum Resources on Tuesday tried in vain to convince the Senate Committee on Gas on how it spent the N500m it received last year for the sensitisation of Nigerians on the Petroleum Industry Bill....

  • Posted March 6, 2014
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  Insurgency responsible for low oil exploration in Chad basin – NNPC

  Mr Andrew Yakubu, the Group Managing Director of the NNPC, says insurgency in the North East Zone is responsible for the slow performance in oil exploration in Chad Basin in 2013. Yakubu made this known in Abuja...

  • Posted March 6, 2014
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  N129bn contractors’ debts may stall road projects – Onolememen

  Many ongoing road projects may not be delivered this year if the huge backlog of N129 billion owed contractors by the  Federal Ministry of Works remains unpaid. The Minister of Works, Mr. Mike Onolememen, made this known...

  • Posted March 6, 2014
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  FG to lose N100bn as textile intervention programme fails

  About N100  billion invested by the Federal Government to revive the Nigerian textile industry seems to have gone down the drain, as the Nigerian Chamber of Commerce and Industry, Mines and Agriculture, yesterday, disclosed that the Cotton...

  • Posted March 5, 2014
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  FG to open bids for NIPP plants Friday

  The financial bids for the 10 plants constructed under the National Integrated Power Project will be opened on Friday, the Bureau of Public Enterprises has said. The Head, Public Communications, BPE, Mr. Chigbo Anichebe, disclosed this in...

  • Posted March 5, 2014
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  Fuel scarcity: Marketers promise to commence distribution nationwide

  Oil marketers in Lagos State on Tuesday said the distribution of imported petrol to filing stations has commenced nationwide. The marketers in separate interviews in Lagos disclosed that vessels laden with imported petroleum products had berth at...

  • Posted March 5, 2014
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  Ikeja electricity coy to partner LASG on energy conservation

  The management of Ikeja Electricity Distribution Company (IKEDC) on Tuesday said it would collaborate with the Lagos State Government on energy conservation to reduce unnecessary waste by electricity consumers. The company disclosed the plan in Lagos in...

  • Posted March 5, 2014
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  Broadband vision will be private sector-driven – NCC

  The Nigerian broadband agenda will be private sector-driven, with the government not having any shares in the infrastructure companies to be floated for the purpose. The government will only encourage the InfraCos (as they are called) by...

  • Posted March 5, 2014
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  CBN introduces uniform bank account opening forms

  Prospective bank customers across the country will have to fill uniform account opening forms regardless of the bank they choose to do business with. This was contained in the latest circular released by Central Bank of Nigeria....

  • Posted March 5, 2014
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  PIB publicity: Petroleum ministry can’t explain N500m spending

  The Petroleum Ministry on Tuesday,  tried in vain to convince the Senate Committee on Gas on how it spent N500m it received in 2013 for the sensitisation of Nigerians on the Petroleum Industry Bill. There was a...

  • Posted March 5, 2014
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