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  • Nigeria’s debts ‘ll rise to N8.8trn by 2015 – DMO

    The Debt Management Office, DMO, Tuesday, said Nigeria’s outstanding debt will rise to N8.809 trillion ($55.4 billion) by 2015. According to a report by the DMO, this was contained in the country’s debt strategy for the next...

    • Posted June 5, 2013
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  • Ijeoma Nwogwugwu: As sale of power assets enters home stretch

    I heaved a small sigh of relief when the Bureau of Public Enterprises confirmed last Thursday that all 14 bidders had met the deadline given them to pay 25 per cent of their bids for 15 generation...

    • Posted March 25, 2013
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  • Investors pay N73bn for PHCN successor firms

    ELEVEN bidders for the successor companies of Power Holding Company of Nigeria, PHCN, have paid $469, 031,940.46 (about N73,638,014,580 billion), representing the mandatory 25 percent of the offer of their bids. The deadline for the payment of...

    • Posted March 21, 2013
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  • SON worried over importation of N1trillion fake products

    NIGERIANS spent over N1 trillion on the importation of fake and sub-standard products last year, the Director-General of Standards Organisation of Nigeria (SON), Joseph Odumodu has said. Odumodu disclosed this Thursday in an interview with the News...

    • Posted February 15, 2013
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  • Nigeria’s power generation capacity has improved to about 4,500MW – TCN

    Nigeria’s daily electricity generation capacity is currently fluctuating between 4,400 and 4,500 megawatts, MW, the Transmission Company of Nigeria, TCN, said on Monday. Though the highest peak generation of 4, 517 MW was recorded on December 23,...

    • Posted February 12, 2013
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  • FG approves reduction in company registration fees

    The Federal Government has approved a downward review of the cost of registering a company with the Nigerian Investment Promotion Commission. A statement issued by the NIPC on Monday stated that the approval was given by the...

    • Posted February 12, 2013
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  • Bayelsa approves N4bn for rural electricity

    Communities in the hinterland of Bayelsa State will soon enjoy power supply as the state government has approved N4 billion for rural electrification. The state Commissioner for Energy, Mr. Francis Ikio, disclosed this in Yenagoa while conducting...

    • Posted February 12, 2013
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  • Convicted wonder bank directors appeal court judgment

    CONVICTED directors of defunct Mustard Seed Micro-Finance Bank Limited, Pastor Okeoghene Abrefera and Rev. Vincent Okpogo, have appealed the judgment of a Federal High Court sitting in Asaba, Delta State, which sentenced them to 10 years imprisonment...

    • Posted February 12, 2013
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  • Pension fraud: Maina tackles Senate over comments

    Embattled chairman of the Pension Reform Task Team Abdulrasheed Maina has explained that his decision to drag the Senate to court does not mean he has planned to ridicule government’s policy to transform the pension sector. A...

    • Posted February 11, 2013
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  • National Assembly summons NNPC boss over $1.5bn loan

    A showdown is imminent between the National Assembly and the Nigerian National Petroleum Corporation (NNPC) over a directive to the indigenous oil company to stop moves to obtain a $1.5 billion loan. NNPC Group Managing Director, Mr...

    • Posted February 11, 2013
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