All posts tagged "featured"

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  ‘FG won’t ban tokunbo vehicles’ – Jalal

  The Director General, National Automotive Design and Development Council, Alhaji Aminu Jalal, said on Wednesday in Kaduna that the Federal Government had no plan to ban the importation of fairly used vehicles, otherwise known as tokumbo into...

  • Posted September 4, 2015
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  AfDB chief, Adesina pledges to address power shortages

  The African Development Bank will focus in coming years on tackling Africa’s chronic power shortages to try to unlock its economic potential and end its vulnerability to fluctuations in commodity prices, its new President, Mr. Akinwumi Adesina,...

  • Posted September 3, 2015
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  Dangote supports Kogi with N160m skills centre

  In order to bridge the technical skills gap in the country, the pan-African conglomerate, Dangote Group, has constructed an automation skills development centre valued at N160m in Lokoja, Kogi State. In a statement on Tuesday, its President,...

  • Posted September 3, 2015
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  NLNG panics as US, Australia enter gas market

  Nigeria’s tough economic realities caused by the continuous fall in global crude oil prices may worsen as the country’s other source of revenue, gas, is currently being threatened at the international market, the Nigeria Liquified and Natural...

  • Posted September 3, 2015
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  Oil theft: FG to use drones, lost N1.4tn

  The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, said on Tuesday that the corporation was working towards the deployment of drones across the nation’s territorial waters to monitor the movement of oil bearing vessels....

  • Posted September 3, 2015
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  Power supply drops by 1,047MW

  Power supply to households and businesses in the country has fallen below the 4,000 megawatts mark as 1,047.3MW was lost in seven days, data obtained from the Presidential Task Force on Power showed on Tuesday. Last week,...

  • Posted September 3, 2015
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  Mobile Money gets boost as CBN loosens restriction on telcos

  With the review of the mobile money guidelines, which allows for the participation of the telecommunication companies, the adoption of this form of banking is expected to get a significant boost. Surveys had attributed the slow pace...

  • Posted September 3, 2015
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  External reserves rise to $31.43billion

  Nigeria’s foreign exchange reserves were $31.43 billion on August 27, up by 1.12 per cent from $31.08 billion a month earlier, data from the Central Bank of Nigeria (CBN) showed on Monday. The forex reserves of Africa’s...

  • Posted September 2, 2015
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  Stable gas supply responsible for improved electricity — FG

  The Permanent Secretary, Ministry of Power, Ambassador Godknows Igali, on Monday said electricity had been stable in the country lately because there was no case of gas pipeline vandalism. Igali spoke with State House correspondents at the...

  • Posted September 2, 2015
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  Dangote plans Zimbabwe Cement Plant

  Africa’s richest man, Alhaji Aliko Dangote, monday said he plans to open a $400 million cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment. The billionaire, whose business...

  • Posted September 2, 2015
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