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  • Ogun to generate electricity from sawdust

    The Ogun State Government says it plans to generate electricity from sawdust as part of its contribution towards increasing power supply in the country. The Commissioner for Forestry, Chief Kolawole Lawal, stated this during a visit to...

    • Posted April 26, 2016
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  • Buhari inherited N600bn oil marketers’ debt – FG

    The presidency yesterday said President Muhammadu Buhari inherited N600 billion debt owed fuel marketers by the former President Goodluck Jonathan’s administration.  This is contained in a statement issued in Abuja yesterday by the Senior Special Assistant to the...

    • Posted April 26, 2016
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  • Forex scarcity bringing out the best in Nigerians – Emefiele

    Central Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele has described the current scarcity of foreign exchange confronting the country as good riddance, saying local production of various essential goods are now being given top priority....

    • Posted April 26, 2016
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  • Scarcity of aviation fuel hampers flight operations

    Many flights were delayed and few others cancelled at the weekend following the inability of most airlines to receive the volume of aviation fuel, known as Jet A1, they needed for scheduled flights operations. THISDAY gathered that...

    • Posted April 26, 2016
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  • Prepaid meters: NERC to sanction defaulting power firms

    Against the backdrop of the statement by electricity distribution companies that they cannot provide one million prepaid meters to customers yearly, the industry regulator has said it will sanction any Disco that fails to live up to...

    • Posted April 25, 2016
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  • Fall in oil Price offers opportunity for growth – Ambode

    Lagos State Governor, Mr. Akinwunmi Ambode, at the weekend in far away United Kingdom, said the massive fall in oil prices in the international market is a blessing in disguise for Nigeria, just as he said the...

    • Posted April 25, 2016
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  • CBN provides rice farmers with N4.9bn loan

    The Central Bank of Nigeria said on Sunday that a total of N4.9bn has been provided as loans to rice farmers under its anchor borrower program. The CBN Governor, Mr Godwin Emefiele stated this while speaking during...

    • Posted April 25, 2016
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  • Consumers groan as food prices rise by 50%

    Following the persistent shortage in fuel supply and the harsh economic climate, there has been an average of 50 per cent hike in the prices of consumer goods and buyers are complaining bitterly. In some Lagos markets...

    • Posted April 25, 2016
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  • Kachikwu recommissions 46km Escravos-Warri crude pipeline

    Minister of State for Petroleum, Ibe Kachikwu, has said the lingering fuel shortages in major cities across the country would gradually ease off with coming on stream of refineries, which require about $700 million to upgrade and...

    • Posted April 25, 2016
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  • Transfer of $1.8bn oil blocks to NPDC not transparent – NNPC

    The Nigerian National Petroleum Corporation (NNPC) yesterday finally accepted that the transfer of oil blocks to its subsidiary, the Nigerian Petroleum Development Company (NPDC) valued at the cost of $1.8 billion but for which only $100 million...

    • Posted April 24, 2016
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  • AFC launches Africa Project Developers Initiative

    The Africa Finance Corporation (AFC) alongside its development partners has announced the launch of the Africa Project Developers Initiative (APDI). APDI is a think tank and network to promote and enable project development in Africa. It creates...

    • Posted April 24, 2016
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  • Yields on Nigeria’s treasury bills rise across board

    Yields on Nigerian short-dated treasury bills rose significantly at an auction on Wednesday where the central bank sold a total of N167.51 billion worth of debt with maturities ranging between three months and one year. The central...

    • Posted April 23, 2016
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  • MTN’s subscriber base falls 1.4% in First Quarter

    MTN Group Limited’s subscriber numbers fell during the first quarter as disconnections ordered by the government in Nigeria, its biggest market, curbed the growth of Africa’s largest wireless operator. MTN’s customer base decreased by 1.4 per cent...

    • Posted April 23, 2016
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  • Workers’ welfare remains priority – FG

    The federal government, has said that the welfare of workers remains its priority. The Head of the  Service of the Federation (HoSF), Mrs. Winifred Ekanem Oyo-Ita, made the position of the federal government on civil servants known...

    • Posted April 23, 2016
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