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  • 2013 Review: Private sector takes over Nigeria’s electricity market

    The privatisation of the country’s power sector which commenced last year was consummated this year. Major hurdles along the process were dismantled, paving the way for the private sector to finally take over the worrying electricity market,...

    • Posted December 30, 2013
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  • We’ll pass PIB in 2014 – Rep

    CHAIRMAN, House Committee on Petroleum Resources, downstream sector, Dakuku Peterside, has said the National Assembly would pass the Petroleum Industry Bill, PIB, next year. Peterside, who made this disclosure at the weekend said ”both legislative chambers are...

    • Posted December 30, 2013
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  • Workers kick against privitisation of Nigerian railway

    Railway workers have warned the Federal Government against the privatisation of the nation’s railway system. The employees spoke through the President of the Nigerian Union of Railway Workers, Mr. Raphael Okoro, saying the privatisation could spell doom...

    • Posted December 30, 2013
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  • Funding, infrastructure, gas supply problems plague power sector

    In this concluding part of a report, DAYO OKETOLA examines the long journey to stable power supply in Nigeria Efforts to modernise the Nigerian power sector is being threatened by multiple problems such as lack of fund, poor gas...

    • Posted December 30, 2013
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  • Pension: Six states remit N26.17bn to RSAs

    Six out of 21 state governments that have enacted laws to adjust to the Contributory Pension Scheme have remitted N26.17bn into the Retirement Savings Accounts of their workers registered under the plan. Investigations by our correspondent showed...

    • Posted December 30, 2013
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  • Why cost of developing properties is high in Nigeria — Ogbonna

    Chief Solomon Ogbonna, is one of the foremost building developer in Lagos, particularly Lekki/Ajah axis, where he has developed a lot of properties with first class building materials equal to international standard. In this interview with Moses...

    • Posted December 29, 2013
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  • Netherlands envoy seeks more ties with Nigeria

    The Ambassador of The Royal Kingdom of Netherlands, Mr. John Groffen has commended the management of Business School of Netherlands, Nigeria over its role in strengthening the relation between the two countries. Mr. Groffen gave the commendation...

    • Posted December 29, 2013
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  • Crude oil prices rise above $99

    Oil prices edged up above $99 Thursday, the first trading day after Christmas, as violence in South Sudan stoked concerns about the country’s oil production, theAssociated Press reported. Benchmark United States oil for February delivery was up 17...

    • Posted December 29, 2013
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  • Oil theft: FG to leverage surveillance technology

    There are strong indications that the Federal Government will be leveraging contemporary surveillance technologies to check the increasing menace of oil theft and pipeline vandalism in the country. It is expected that this will involve the deployment...

    • Posted December 29, 2013
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  • Firm discovers gold in Kogi

    Mining firm, Kinsfield Energy Limited has made a commercial gold ore discovery at one of its fields in Yagba West Area of Kogi State, Nigeria. The Chief Executive Officer, Mr. Adekunle Akintola, in a statement, said, “Kinsfield...

    • Posted December 29, 2013
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  • Access Bank, others advocate adoption of sustainable banking principles

    As part of its strategy towards enhancing the implementation of the Nigerian Sustainability Banking Principles, Access Bank Plc, International Finance Corporation and other signatories of the NSBP have advocated a holistic implementation of the NSBP in order...

    • Posted December 29, 2013
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  • 19,439 benefits from FG’s staff housing loan scheme

    Nineteen thousand, four hundred and thirty nine federal civil servants have benefited from the staff housing loan scheme by the Federal Government to solve housing deficit in the country. Permanent Secretary, Federal Ministry of Transport, Engr. Nebolisa...

    • Posted December 28, 2013
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  • Phone dealers beg CPC, vow to remove fake handsets

    Phones and Allied Products Association of Nigeria have appealed to the Consumer Protection Council, CPC, for more time to withdraw fake phones from the market before January 20thnext year. The appeal was made when a team of...

    • Posted December 28, 2013
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  • West Africa cases: World Bank unit toughens employee rules

    The International Finance Corporation, the World Bank’s private sector lending arm, has toughened rules for employee engagement with client companies after a controversy over the way two executives in West Africa jumped to groups that had received...

    • Posted December 28, 2013
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