All posts by Ifreke Inyang

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  FG allocates N20bn to East-West Road in 2014

  There is a strong likelihood that the Federal Government may not be able to complete the critical East-West Road by December 2014. A perusal of the budgetary proposal for the Ministry of Nigeria Delta entrusted with the...

  • Posted December 26, 2013
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  Oil revenue: PIB will enhance accounting methods

  A quick passage of the Petroleum Industry Bill, PIB, has been identified as a major tool in reversing the skewed accounting methods leading to observed discrepancies currently pervading Nigeria’s petroleum industry. This is one of the consensuses...

  • Posted December 25, 2013
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  FG set to commission Durumi solar power

  The Federal Government has completed arrangements to commission the solar-powered electrification project in Durumi, a surburb of Mpape in Bwari Area Council. The project, which is under the auspices of “Light Up Nigeria initiative mid-wived by the...

  • Posted December 25, 2013
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  Government revokes 593 mining titles

  The Federal Government has revoked a total of 593 mining titles, the Director-General, Nigerian Mining Cadastre Office, Mr. Mohammed Amate, has said. Amate said this at a media roundtable on the review of the Ministry of Mines...

  • Posted December 25, 2013
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  Refineries’ sale to begin after steering committee meeting

  The steering committee for sale of the nation’s four refineries chaired by the Minister of Petroleum Resources, Mrs. Deziani Alison-Madueke, needs to meet to provide the guidelines for the transaction before the process can begin, the Bureau...

  • Posted December 25, 2013
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  BPE to open bids for NIPP plants January

  The financial bids for the 10 power plants constructed by the Federal Government under the National Integrated Power Project will open in January, the Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said. Dikki said this...

  • Posted December 25, 2013
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  Electricity firms can’t collect tariffs efficiently – FG

  After sacking over 50 per cent of the workforce of the defunct Power Holding Company of Nigeria, the new owners of the electricity distribution companies are finding it tough to locate revenue generation areas in order to...

  • Posted December 25, 2013
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  Aganga inaugurates implementation committees for auto policy

  The Minister of Industry, Trade and Investment, Mr Olusegun Aganga, has constituted two standing committees to ensure a seamless implementation of the recently approved National Automotive Industry Development Plan (NAIDP). This is contained in a statement issued...

  • Posted December 24, 2013
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  Access Bank signs $150million deal with FHN 26

  In continuation of its financial intermediation role, Access Bank has granted a $150 million Senior Secured Term Loan to FHN 26, a wholly indigenous affiliate of the Afren Group. FHN’s core business is focused on exploration and...

  • Posted December 24, 2013
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  FG spends N360bn on settlement of PHCN workers

  The Federal Government on Tuesday said it had spent more than N360 billion on the payment of severance benefits to workers of the Power Holding company of Nigeria (PHCN). The Director-General, Bureau of Public Enterprise (BPE), Mr...

  • Posted December 24, 2013
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