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  • FG, States, LGs share N620bn for May

    The Federation Accounts Allocation Committee (FAAC) on Wednesday in Abuja shared N620.65 billion among the three tiers of government for May. The Minister of State for Finance, Dr Yerima Ngama, made this known when he briefed newsmen...

    • Posted June 20, 2013
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  • FEC approves N420 billion for phase 4 of Onne Port

    The Federal Executive Council,FEC, on Wednesday approved $2.9 billion, about N420 billion, for the construction of Phase 4 of the Onne Oil and Gas Port in Port Harcourt, Rivers State. Following a memo presented by the Minister...

    • Posted June 20, 2013
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  • AIICO encourages people to buy travel insurance

    AIICO Insurance Plc is offering discounted rate to members of the public on its travel insurance policy this summer season. This is in line with the company’s determination to ensure that Nigerians are adequately protected whenever they travel...

    • Posted June 20, 2013
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  • Nigeria not yet at food sufficiency destination – Jonathan

    President Goodluck Jonathan on Wednesday admitted that his administration had yet to reach the desired destination in its quest to eradicate hunger in the country through food sufficiency. He, however, expressed the conviction that the task would...

    • Posted June 20, 2013
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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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  • Techno unveils new android phone in Nigeria

    TECHNO Mobile, a leading mobile phone brand in Nigerian market, has introduced its new Android Smartphone called Tecno Phantom A into the Nigerian mobile market. According to the firm, the designed for users with higher demand from...

    • Posted June 19, 2013
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  • Abraaj Group agrees to acquire 100% stake in Fan Milk International

    The Abraaj Group, a leading investor operating in growth markets, today announced its agreement to acquire a 100% stake in Fan Milk International (“FMI”), West Africa’s market leading manufacturer and distributor of frozen dairy products and juices....

    • Posted June 19, 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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