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  • Power generation falls by 356.8MW in three weeks

    The modest gains recorded in the power sector over the past three months are being threatened by the activities of pipelines vandals, which have led to the fall in electricity generation by 356.8 megawatts within the last...

    • Posted September 21, 2015
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  • Concrete road cheaper, durable – Dangote

    Chairman of Dangote Cement, Aliko Dangote over the weekend reiterated his plea to the Federal Government to urgently consider the use of concrete roads in the country. In a chat with newsmen over the weekend, the African...

    • Posted September 20, 2015
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  • Emefiele expresses satisfaction with S&P Rating on Nigeria

    Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has expressed satisfaction with the B+rating and stable outlook that was assigned to the country by global ratings agency, Standard & Poor’s (S&P). “I am very pleased with...

    • Posted September 20, 2015
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  • Marketers, banks groan under unpaid N500bn subsidy slaim

    Federal Government’s failure to meet its obligations on petrol subsidy claims, which has accumulated to over N500 billion is putting pressure on the marketers and the banks, THISDAY’s investigation has revealed. THISDAY gathered that the current administration...

    • Posted September 20, 2015
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  • There will be consequences if Governors divert bailout – CBN

    On no account should states divert the bailout they have just received to pay the backlog of their workers’ outstanding salaries, the Central Bank of Nigeria warned on Friday. The apex bank said there would be consequences...

    • Posted September 20, 2015
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  • Nigerian banks, the most regulated in the world – CBN

    The Deputy Governor of the Central Bank of Nigeria (CBN) in charge of economic policy, Mrs. Sarah Alade, has said banks operating in Nigeria are one of the most regulated in the world and expressed optimism that...

    • Posted September 19, 2015
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  • Oil firm refutes allegations of illegality in NNPC contracts

    An oil servicing company, PPP Fluid Mechanics Limited (PPPFM), has denied any engagement in illegality in the process of obtaining and executing its contracts awarded by the Nigerian National Petroleum Corporation (NNPC). The Managing Director and Chief...

    • Posted September 19, 2015
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  • TSA: Don’t panic – Emefiele tells banks

    The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday ruled out a naira devaluation, a day after President Muhammadu Buhari said he might not devalue the local currency again. Emefiele told banks not to panic...

    • Posted September 19, 2015
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  • Nigeria’s N630bn annual food import bill worries Emefiele

    The Central Bank of Nigeria (CBN) Governor, Mr. Godwin  Emefiele, has reiterated his concern over the country’s position as a net importer of agricultural produce with import above N630 billion. The country imports food products such as...

    • Posted September 19, 2015
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  • Nigerian airlines accused of exceeding expatriate quota

    Many of the over 450 Nigerian pilots and engineers who are unemployed have alleged that Nigerian airlines are exceeding the expatriate quota, which stipulated a specific number of foreigners  the airlines should employ. The Nigerian Immigration Service...

    • Posted September 19, 2015
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  • Troops to secure power assets – FG

    To curb acts of vandalism and destruction of power assets across the country, the Nigerian military will secure infrastructure belonging to power distribution and generation firms as well as those owned by the Transmission Company of Nigeria,...

    • Posted September 19, 2015
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  • NECA opposes CPC’s regulatory role

    The Nigeria Employers’ Consultative Association has expressed its displeasure over the regulatory role of the Consumer Protection Council, saying the recent activities of the council are functions already being performed by other government agencies. The representative of...

    • Posted September 19, 2015
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  • NEITI wants increased penalties for errant oil firms

    The Nigeria Extractive Industries Transparency Initiative on Thursday called for an amendment to its law so as to allow it to double civil monetary penalties on mining, oil and gas companies that provide false information regarding volumes...

    • Posted September 19, 2015
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  • Ondo distributes N20m soft loans to traders

    The Ondo State Government says it has distributed a sum of N20m soft loans to traders in the state through its micro-credit scheme in a bid to improve the economy of the people at the grassroots. The...

    • Posted September 19, 2015
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