All posts tagged "headline"

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  House summons NNPC, 499 firms over N1.4tn waivers

  The House of Representatives Committee on Customs and Excise will soon commence investigations of the Nigeria National Petroleum Corporation (NNPC), Oando Plc and 498 companies allegedly granted waivers totalling N1.4 trillion by the federal government between 2009-2013....

  • Posted February 3, 2014
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  Crude oil revenue drops by N208bn

  The Federal Government earned the sum of N1tn from crude oil sales within three months, an investigation has shown. The N1tn net oil revenue that accrued to the Federation Account between July and September 2013 indicated a...

  • Posted February 3, 2014
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  Group urges FG to revive ALSCON plant

  A coalition of groups from Ikot Abasi Federal Constituency in Akwa Ibom State has called on the Federal Government to resuscitate the Aluminium Smelter Company of Nigeria. The group alleged that since the plant was taken over...

  • Posted February 3, 2014
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  Subsidising low-income power consumers inappropriate – FG

  The Federal Government has said it is not right to continue subsidising electricity consumption in Nigeria. According to the government, the power sector has been characterised by series of challenges that require huge financial investments to address...

  • Posted February 3, 2014
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  FG will fast track connection of rural areas to national grid – Nebo

  The Minister of Power, Prof. Chinedu Nebo, said government would fast track the process of connecting Nigerians in the rural areas to the national grid. Nebo stated this while rounding off the 6th Power Summit/Civil Society Forum...

  • Posted February 2, 2014
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  BPE, NERC to ensure power firms keep agreements

  The Bureau of Public Enterprises has said that it will collaborate with the Nigerian Electricity Regulatory Commission to ensure that the privatised electricity distribution and generation companies comply with the agreements they signed with the Federal Government....

  • Posted February 2, 2014
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  CBN to withdraw N1tn from banks February 4

  Following the increase of the Cash Reserve Requirement on public sector deposits from 50 per cent to 75 per cent last week by the Monetary Policy Committee, the Central Bank of Nigeria will on February 4 withdraw...

  • Posted February 2, 2014
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  CBN laments non-accessability of N220bn fund for Edo SMEs

  The Governor of Central Bank, Sanusi Lamido Sanusi, has lamented the failure of the Small and Medium Enterprises in Edo to access the N220 billion intervention fund floated by government. Sanusi expressed his concern at the Government...

  • Posted February 2, 2014
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  EFCC, banks seek collaboration toward financial crimes

  The Economic and Financial Crimes Commission (EFCC) has pledged to deepen its collaboration with the Committee of Chief Compliance Officers (CCO) of commercial banks to eliminate financial scam. The collaboration was the fallout of a recent meeting...

  • Posted February 2, 2014
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  Agriculture transformation more of media hype — Oyekoya

  Prince Wale Oyekoya,  the Chairman, Lagos Chamber of Commerce and Industry (LCCI)’s agriculture sector  and also the MD/CEO of Bama farms. The farm is an integrated farms of poultry , piggery, fishery , and oil palms ....

  • Posted February 2, 2014
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