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All posts tagged "headline"

  • FG commissions 15MVA substation in Abuja

    The federal government has commissioned a double 15MVA injection substation at Apo in Abuja as part of its projects to improve electricity distribution networks and adequate power supply across the country. In his address, the Managing Director...

    • Posted December 4, 2013
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  • FG begins 24-hour surveillance on Lagos-Ibadan Expressway

    The Federal Government says it has commenced 24-hour surveillance on sections of the Lagos-Ibadan Expressway, where major reconstruction work is currently ongoing. It said the move was aimed at ensuring an effective traffic control during the reconstruction....

    • Posted December 4, 2013
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  • Nigeria to service debts with N2.08tn in three years

    THE Federal Government plans to spend a whopping N2.08tn to service its debts in the next three years. This came just as findings also showed that the country’s debt profile under the current Minister of Finance, Dr....

    • Posted December 4, 2013
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  • Senate warns power firm owners against high tariff

    The Senate on Monday cautioned the new owners of the recently privatised power firms not to overburden electricity consumers with high tariffs. Although the Senate stated that it had not received any official document showing an increase...

    • Posted December 4, 2013
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  • Oando to complete $1.68bn ConocoPhillips acquisition January 31

    Oando Energy Resources, the Upstream subsidiary of Oando Plc listed on the Toronto Stock Exchange, has said it will complete the $1.68bn acquisition of the Nigerian assets of ConocoPhilips on January 31, 2014. The company, in a...

    • Posted December 3, 2013
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  • Banks move to checkmate activities of e-fraudsters

    Banks have commenced moves to protect their customers from the rising wave of electronic fraudsters by fortifying their internet platforms with additional security features. In recent times e-fraudsters have been bombarding bank customers with scam mails with...

    • Posted December 3, 2013
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  • Reducing interest rate will raise inflation – Sanusi

    The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has explained why the Monetary Policy Committee has not reduced its interest rate for a long period. The CBN governor  spoke at the fifth anniversary of...

    • Posted December 3, 2013
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  • FG okays FCT economic summit on investment

    The Federal Government has approved a special Abuja Economic Summit to unleash the huge economic and investment potential of the Federal Capital Territory. The event is also expected to serve as a forum for exploring an alternative...

    • Posted December 3, 2013
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  • Contractors sue Energy Commission over N8.9bn debt

    The Association of Rural Electrification Contractors of Nigeria has dragged the Energy Commission of Nigeria and the Ministry of Finance before an Abuja Federal High Court over N8.9bn debt. Those listed as defendants in the suit are...

    • Posted December 3, 2013
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  • Mass retrenchment looms at Enterprise Bank, sacks 150 staff

    Enterprise Bank Ltd., one of the nationalised banks, has retrenched about 150 workers.. Checks on Monday showed that the affected workers were part of the 250 staff nationwide pencilled down for rationalisation. Sources close to the bank...

    • Posted December 3, 2013
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