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‘Why FG should scrap Kaduna refinery’


AS hopes rise that Nigeria’s refineries may come on stream by December, details are emerging that the Kaduna Refining and Petrochemical Company (KRPC) may not be among them, and may even need to be ‘scrapped.’ Chief among the reasons, The Guardian learnt, is because the refinery would not meet expected ...

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Facebook Founder, Mark Zuckerberg, To Visit Akwa-Ibom


Facebook founder Mark Zuckerberg is to visit Akwa Ibom in next month, the Niger Delta Young Professionals, a non governmental group, has said. Facebook is a social networking service launched in February, 2004, with over one billion active users. The Chairman of the Niger Delta Young Professional, Mr Moses Siasia, ...

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Petrol price to come down – Osinbajo


Vice-President Yemi Osinbajo has said the government is working on a medium-term reduction of the pump price of petroleum products by collaborating with private refineries and reducing importation. He said there was no going back on the incumbent administration’s commitment to unbundle the Nigerian National Petroleum Corporation to make it ...

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Electricity tariffs to rise by 40% next month


Plans have been concluded to increase electricity tariffs by as much as 40 per cent for some customers next month as a fall in the value of the naira and rising costs hinder efforts to end daily blackouts in Africa’s largest economy. “We are working on the numbers and going ...

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World Top 10 Best Airports Of 2015


Turning to the list airports actually do want to end up on, there were few surprises on Sleeping in Airports world’s best airports of 2015 roundup. Singapore’s Changi International, as it has for the last two decades, held onto the top spot. “It’s hard to know where to begin when ...

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FG may cut car import tariff


Two years after the introduction of a new automotive policy, which imposed a higher tariff on imported vehicles, a review may be in the offing, RASHEED BISIRIYU writes Reprieve appears underway for car dealers and buyers following plans by the Federal Government to review its import tariff on vehicles. This ...

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Pathetic Story Of North’s Textiles Industry


The calamity in Nigeria’s textiles industry is still being felt 14 years after most of the major garment factories were buried with devastating consequences including the loss of 3 million jobs, N100 billion FG intervention fund and daily ex-workers’ deaths. AGBO-PAUL AUGUSTINE (Abuja), MUAZU ELAZEH (Katsina), ABUBAKAR SALIHI (Kano) and ...

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Wuye Market: Women Demand Action From FCTA, Police


Women under the aegis of Nigerian Women for Grassroot Development (NWGD) have urged the Federal Capital Territory Administration (FCTA) and its police command to ensure that those of them earlier allotted shops at the Wuye Market and met all the criteria as instructed are given priority. The women also urged ...

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FG to ban rice importation in 2017


Federal government Wednesday said it has plans to stop the importation of rice in the next two years, however stating that the policy would not be enforced until it has developed local industries to produce maximally for local consumption. The plan was communicated to State House Correspondents by Zamfara State ...

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Federal Government Earns $3.420b from oil in eight months


The Federal Government has earned $3.420billion in eight months (January-August) from sale of oil and gas, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has said. A breakdown of the oil and gas proceeds showed that $0.61billion was remitted to the Federation Account as ...

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Nigeria, others to access $100bn World Bank loan on emission reduction


THE World Bank Group and other multilateral development finance institutions have assured the developing countries, including Nigeria, that they could access another $100 billion in carbon credit funding assistance to help them further mitigate the consequences of rising climate change in their various jurisdictions. The World Bank President, Jim Kim ...

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Foreign exchange inflow falls by N678bn


Foreign exchange inflows into Nigeria fell by N678bn ($3.39bn) between January and June this year, findings from various quarterly reports of the Central Bank of Nigeria have shown. Although the fall in forex during the period was largely attributed to the significant drop in crude oil receipts, analysts stated that ...

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Electricity Bills Will Be Increased Soon – Buhari

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PRESIDENT Muhammadu Buhari has said that his government would only raise electricity tariffs when stability is achieved in the power sector. He stated that government was working to improve power generation and distribution from its current stage. This was even as he stated that there was no assurance that the ...

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N3.5trn Pension Fund Diverted Under Jonathan – Oshiomhole


Edo State governor Adams Oshiomhole alleged yesterday that the immediate past administration of Goodluck Jonathan diverted some N3.5trillion pension funds to support recurrent expenditure. He said he was not surprised by the incarceration of former minister of petroleum, Diezani Allison-Madueke by the British Crime Agency over allegations of money laundering. ...

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