All posts tagged "headline"

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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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  Naira records highest gain in 18 months

  The naira recorded its highest gain in 18 months on Monday, snapping four days of decline as the Central Bank of Nigeria sold $300m in its Wholesale Dutch Auction System market. The currency strengthened by 1.6 per...

  • Posted June 18, 2013
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  Inactive telephone lines now 44.6 million – NCC

  The number of inactive telephone lines in the telecommunications industry stood at 44,647,096 in the first quarter of the year. In the monthly subscriber data posted on the website of the Nigerian Communications Commission, it was stated...

  • Posted June 18, 2013
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  FG pays oil marketers N192.5bn

  The Federal Ministry of Finance has paid petroleum products marketers N192,502,279,966.50, this year. A statement by Mr. Paul Nwabuikwu, Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday, in...

  • Posted June 18, 2013
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  Electricity consumers groan over increase in metre charge

  Electricity consumers in some part of Lagos have expressed worry over increase in fixed metre charge for pre-paid metres users. They accused the Federal Government, through the Power Holding Company of Nigeria, PHCN, of short changing Nigerians,...

  • Posted June 18, 2013
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  RMAFC asks FG to reduce over dependence on oil

  THE Revenue Mobilization, Allocation and Fiscal Commission, RMAFC, Monday, called on the Federal Government to reduce its over-dependence on oil and gas and broaden its economic base through diversification. RMAFC Chairman, Engr. Elias Mbam, who made the...

  • Posted June 18, 2013
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