All posts by Ifreke Inyang

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  NDPHC power plants’ bidders to emerge August

  The shortlist of bidders that will be allowed to proceed with the process of buying into 10 electricity firms will emerge on August 8, the Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said. Dikki said...

  • Posted June 20, 2013
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  NSCDC warns against patronising employment racketeers

  Worried by the spate of illegal websites designed by fraudsters on a daily basis to defraud desperate job seekers, the Commandant General of the Nigeria Security and Civil Defence Corps Dr. Ade Abolurin warned that henceforth anyone...

  • Posted June 20, 2013
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  FEC approves N706m for overhaul of Jebba plant

  The Federal Executive Council, FEC, yesterday, approved N706 million for the overhaul of one of the units of Jebba Power Plant. Minister of Information, Labaran Maku told newsmen after the meeting that the N706 million is the...

  • Posted June 20, 2013
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  NIPPs will double power generation by 2014 – NERC

  Power generation in the country will double by the first quarter of 2014 when the 10 National Integrated Power Projects become operational, the Nigerian Electricity Regulatory Commission has said. NERC said all NIPP stations would soon be...

  • Posted June 19, 2013
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  Committee will submit PIB report July 11 —Tambuwal

  The Speaker of the House of Representatives, Aminu Tambuwal, said on Tuesday the House Committee on the Petroleum Industry Bill would submit its report on July 11. Tambuwal said at a business lecture organised by the Island...

  • Posted June 19, 2013
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  Chevron to sell stake in three more blocks

  Chevron Nigeria Limited, a subsidiary of the United States’ Chevron Corporation, has announced its intention to sell its stake in three additional shallow water oil blocks in Nigeria. The company said it would be disposing of its...

  • Posted June 19, 2013
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  Nnaji’s power generating firm begins operation in Aba

  A power generating firm, Geometric Power System, owned by former Minister of Power, Prof. Barth Nnaji will begin generation and distribution of power in Aba next month. Prof. Barth Nnaji, who is also served as Chairman of...

  • Posted June 19, 2013
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  CBN extends deadline on Know Your Customer

  Central Bank of Nigeria, CBN, yesterday, extended, by eight months, the deadline for banks and other financial institutions to comply with Know-Your-Customer, KYC, requirements. Meanwhile, value of shares listed on the Nigeria Stock Exchange, NSE, fell by...

  • Posted June 19, 2013
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  Naira records highest gain in 18 months

  The naira recorded its highest gain in 18 months on Monday, snapping four days of decline as the Central Bank of Nigeria sold $300m in its Wholesale Dutch Auction System market. The currency strengthened by 1.6 per...

  • Posted June 18, 2013
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  Inactive telephone lines now 44.6 million – NCC

  The number of inactive telephone lines in the telecommunications industry stood at 44,647,096 in the first quarter of the year. In the monthly subscriber data posted on the website of the Nigerian Communications Commission, it was stated...

  • Posted June 18, 2013
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