All posts tagged "headline"

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  Western Union partners Paga on money transfer

  The Western Union Company has announced the launch of a new mobile money transfer (MMT) service to Nigeria, which increases the reach of its payout options in the country. The new service in the country integrates directly...

  • Posted March 19, 2014
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  25 million households live without power – Minister of Power

  More than 25 million Nigerian households do not have access to electricity, translating into less than 40 per cent coverage, the Minister of Power, Prof. Chinedu Nebo, has revealed. This, according to him, is despite recent advances...

  • Posted March 19, 2014
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  Excess Crude Account rises to $3.45bn

  The Federal Government has claimed that the Excess Crude Account has increased to $1.34bn, bringing the total to $3.45bn. This is coming after the ECA was depleted from about $8bn to $2.11bn last month. This represents an...

  • Posted March 18, 2014
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  Nigeria earns $24bn in dividends, revenue from NLNG in 15 years

  Company’s total assets valued at $14bn  Over 4tcf of associated gas captured from flaring Chineme Okafor in Abuja The Nigeria Liquefied Natural Gas (NLNG)  at the weekend in Abuja said the country had earned as much as...

  • Posted March 18, 2014
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  Court stops BPE’s bidding for three power stations

  An Abuja Federal High Court has stopped the Bureau of Public Enterprises from going ahead with the bidding for the privatisation of three power stations pending the determination of a suit filed against the exercise. Following the...

  • Posted March 18, 2014
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  Total denies shutting Ofon-2 project

  Total E&P Nigeria Ltd, the operator of the NNPC/Total Joint Venture, has denied recent media reports claiming it had shut down its Ofon-2 project. The denial comes even as the company acknowledged receipt of a notice of...

  • Posted March 18, 2014
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  NERC abolishes flat tariff system

  NIgerian electricity consumers may no longer pay flat tariff rate, if the promise of the Nigerian Electricity Regulatory Commission, NERC, is anything to go by. The Special Adviser, Research and Strategy, NERC, Mr. Uche Okoro, stated this...

  • Posted March 18, 2014
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  NCAA clears Medview

  The Nigerian Civil Aviation Authority has given Medview Airlines a clean bill of health after conducting a test flight on its aircraft on Sunday. A statement by Medview said the 30-minute testflight took the aircraft from Lagos...

  • Posted March 18, 2014
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  Inflation rate drops to 7.7% – NBS

  The National Bureau of Statistics on Sunday released the Consumer Price Index, stating that the country’s inflation rate dropped from eight per cent in January to 7.7 per cent in February. The report signed by the Statistician-General...

  • Posted March 18, 2014
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  Sovereign Trust Insurance settles N1.7bn claims

  Sovereign Trust Insurance Plc said it paid N1.7bn claims to its policyholders in the 2013 financial period. A statement from the firm, which was obtained on Sunday, showed that energy insurance claim recorded the highest figure of...

  • Posted March 18, 2014
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