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  • Lafarge’s 220mw power plant begins operations October

    Lafarge Africa Plc has said its newly constructed 220 megawatts power plant at Ewekoro, Ogun State will commence operation in October. The News Agency of Nigeria (NAN) quoted the CEO, Lafarge Nigeria, Mr. Guillaume Roux, to have...

    • Posted July 23, 2015
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  • Buhari promises improved privatisation process, visa issuance

    President Muhammadu Buhari on Tuesday assured international investors that his administration would continue the major privatisation programme started by previous governments but with “improved moral architecture.” He also promised to ensure that the process of procuring Nigerian...

    • Posted July 23, 2015
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  • Benue Government presents N12bn supplementary budget

    Governor Samuel Ortom of Benue State has presented a supplementary budget of over N12billion to the Benue State House of Assembly for consideration and possible passage. The governor, who was represented by the Permanent Secretary, Ministry of...

    • Posted July 23, 2015
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  • Work to commence soon on $1.5bn Petrochemical Plant in Akwa Ibom

    Akwa Ibom State Governor, Udom Emmanuel, has said work would soon commence on the $1.5 billion petrochemical plant located in Ibeno. While speaking with journalists over the weekend, Emmanuel said the plant which groundbreaking was performed by...

    • Posted July 23, 2015
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  • Oando, 27 others lift NSE index by 0.92%

    The Nigerian Stock Exchange All-Share Index began the week on a positive note, extending the gains recorded at the close of trading last week after 11 consecutive days of losses. Trading resumed on Tuesday on the floor...

    • Posted July 23, 2015
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  • NNPC, marketers trade blame over product diversion

    As the scarcity of petrol persists across the country, marketers of the commodity have denied allegation of product diversion levelled against them by the Nigerian National Petroleum Corporation. This is coming as the Pipelines and Products Marketing...

    • Posted July 23, 2015
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  • NERC seeks court’s nod to raise electricity tariff

    A Federal High Court in Lagos has adjourned till July 23, 2015 to rule on an application seeking the reversal of a recent order, which restrained the Nigerian Electricity Regulatory Commission from raising electricity tariff. Justice Mohammed...

    • Posted July 23, 2015
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  • Standard Chartered moves to cut $1.8bn in costs

    As the fall in commodity prices including crude oil continues to impact on banks’ profits globally, Standard Chartered Group says it has reviewed its organisational structure as part of efforts to deliver $1.8bn cut in costs by...

    • Posted July 23, 2015
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  • FG eyes IPSAS to strengthen accounting system

    The federal government is targeting the proposed implementation of the International Public Sector Accounting Standards (IPSAS) to revamp the accounting and reporting of governments’ financial transactions. The implementation of IPSAS is expected to commence in 2016. IPSAS...

    • Posted July 23, 2015
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  • Dickson to set up committee on Brass Oil and Gas Free Zone

    The Bayelsa State Governor, Hon. Seriake Dickson has stated that the State Government will set up a committee to collaborate with the management of the Oil and Gas free zone Authority of Nigeria to work out a...

    • Posted July 22, 2015
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  • LCCI cautions banks against publishing debtors’ names

    The Lagos Chamber of Commerce and Industry has warned banks not to publish the names of their debtors, saying it is unprofessional and capable of undermining the spirit of enterprise in the economy Deposit Money Banks have...

    • Posted July 22, 2015
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  • Oando seeks legislation to boost usage of renewable energy

    Oando Energy Resources (OER), a subsidiary of Oando Group, has called on the three tiers of government in Nigeria to develop legislative and regulatory frameworks to drive the usage of renewable energy in the country. Speaking at...

    • Posted July 22, 2015
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  • Expert proffers ways to restructure NNPC, oil industry

    Following the recent proposal by Kaduna State Governor, Mallam Nasir El-Rufai that President Muhammadu Buhari should scrap and replace the Nigerian National Petroleum Corporation (NNPC) with brand new fit-for-purpose entities, an industry expert, Mr. Dan Kunle has...

    • Posted July 22, 2015
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  • Chicken, turkey scarcity hits market, prices soar by 29%

    A week after the Nigeria Customs Service launched the ‘Operation Hawk Descend’, a special operation against the smuggling of frozen poultry into the country, the prices of foreign poultry have risen by 28.5 per cent, while those...

    • Posted July 22, 2015
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