Buhari, Jinping President Muhammadu Buhari on Wednesday in Beijing won the crucial support of the Chinese President, Xi Jinping, for the country’s aspiration to build the 3050 Megawatts Mambilla hydroelectric power project. The two countries also signed an agreement of $328 million for the Information and Communication Technology Infrastructure Backbone Phase II (NICTIB II) project. […]
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China National Petroleum Corporation (CNPC) has assured Nigeria of its unflinching commitment towards securing funding for the financing and execution of the Ajaokuta-Kaduna-Kano, AKK, pipeline project. The Nigerian National Petroleum Corporation, NNPC, disclosed this in a statement signed by its Spokesman, Mr Ndu Ughamadu, in Abuja on Monday. It said that CNPC gave the assurance […]
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– Marketers scared off – Supply of product by NNPC epileptic, characterised by price differentials – Demand rises as product sells as high as N350 per litre Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years on the grounds of […]
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– Loan is without collateral, at 9 percent interest The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under Micro Small and Medium Enterprises Development Fund (MSMEDF). Mr. Isaac Okorafor, Director, Corporate Communications Department of the CBN, announced the plan while addressing newsmen […]
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– moves to harness coconut production for economic empowerment, tourism development Lagos State Governor, Mr Akinwunmi Ambode, on Sunday said that the state would engage 10 major bakeries to ensure the mass production of coconut bread. The governor made the disclosure during the World Coconut Day and 7th Lagos Heritage Festival, tagged “AGUNKFEST 2018″ in […]
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– Nigeria’s revenue drops by N107 billion Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly […]
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• Says PIGB shrinks presidential powers over oil sector • Experts differ on legislation, OPEC membership President Muhammadu Buhari has withheld assent to the Petroleum Industrial Governance Bill (PIGB). The decision is coming after 17 years of rigorous consultations and legislative hassles on the document. Sources said that he hinged his action on the argument […]
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– says repositioning of maritime sector underway President Muhammadu Buhari has identified the maritime sector as rich with untapped assets which the government is repositioning to drive the economy and promote diversification. He stated this on Tuesday in Abuja, at the launch of a book written by Mr Bashir Jamoh, Executive Director (Finance and Administration), […]
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Trading on Nigerian Stock Exchange (NSE) closed on a positive note on Tuesday, with Total Oil leading the gainers’ table. The crucial market indicators appreciated marginally with 0.58 per cent growth, following gains by some blue chip concerns. Specifically, the market capitalisation increased by N75 billion or 0.58 per cent to close at N12.96 trillion […]
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The Federal University of Agriculture, Abeokuta, FUNAAB, has developed what it called first improved indigenous chicken breed called the ‘FUNAAB Alpha.’ The Vice-chancellor of the institution, Prof. Kolawole Salako, disclosed this on Tuesday while briefing journalists about the breakthrough and the presentation of certificate of ‘FUNAAB Alpha’ by the National Centre for Genetics Resources and […]
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