All posts by Ifreke Inyang

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  PIB will be passed soon – Reps

  The House of Representatives’ Committee on Petroleum Resources (Downstream oil sector) says the Petroleum Industry Bill will be passed soon by the National Assembly. The Chairman of the committee, Mr. Peterside Dakuku, said that the bill had...

  • Posted February 7, 2014
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  Reps commend PPPRA for N409bn subsidy savings

  The House of Representatives has commended the Petroleum Products Pricing Regulatory Agency for being able to save N409bn subsidy claims in 2012. The Chairman, House Committee on Petroleum Resources (Downstream oil sector), Mr. Dakuku Peterside, said the...

  • Posted February 7, 2014
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  Foreign direct investment drops by 41%

  Foreign direct investment inflows into the country dropped from $1.46bn in the second quarter to $0.86bn in the third quarter of last year, according to the External Sector Development third quarter report released by the Central Bank...

  • Posted February 6, 2014
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  TCN expands transmission capacity to 7,000MW

  The Transmission Company of Nigeria, TCN has expressed readiness to transmit 7,000 megawatt of electricity sequel to massive expansion work on the country’s transmission lines. The transmission lines initially had the capacity to transmit 5,000 megawatt of...

  • Posted February 6, 2014
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  NCP to protest against extortion of electricity consumers

  Dr Tanko Yunusa, National Chairman, National Conscience Party (NCP), on Wednesday said that the party would hold a protest on Feb. 7 on the issuance of “crazy bills’’ to some electricity consumers in the country. Yunusa made...

  • Posted February 6, 2014
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  Government, USAID seal pact on agric export expansion

  The Federal Government on Tuesday signed a Memorandum of Understanding with the United States Agency for International Development to expand the exportation of agricultural products by 30 per cent within the next three years. The Executive Director/Chief...

  • Posted February 6, 2014
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  FG to double GDP share for manufacturing sector

  The Federal Government is planning to more than double the contribution of the manufacturing sector to its economy in the next three years through policy stimulus and investments, the Minister of Industry, Trade and Investment, Mr. Olusegun...

  • Posted February 6, 2014
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  Generator dealers will soon run out of business – FG

  The Federal Government on Tuesday said generator dealers cashing in on the nation’s current power supply challenges, would be out of business in a couple of months. According to the government, the gas supply constraint that has...

  • Posted February 6, 2014
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  External reserves fall by $1.8bn

  The nation’s external reserves have fallen by $1.8bn within a period of eight weeks, according to the latest statistics from the Central Bank of Nigeria. The CBN had said that depletion in the foreign reserves and Excess...

  • Posted February 6, 2014
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  Power outages: Bear with us – NDPHC begs Nigerians

  The Federal Government on Monday appealed to Nigerians currently experiencing epileptic power supply in many parts of the country to bear with it while it worked hard to fix the problem. The Managing Director, Niger Delta Power...

  • Posted February 5, 2014
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