Category: BUSINESS
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Just In: Nigeria gets another Accountant-General
President Muhammadu Buhari has approved the appointment of Oluwatoyin Sakirat Madein as the substantive Accountant General of the Federation, AGF. This was contained in a statement, signed by the Director, Communications, Office of the Head of Civil Service of the Federation , Mohammed Abdullahi Ahmed on behalf of the Head of the Civil Service of…
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Just In: Eyitayo Jegede’s Mother to be Buried January 27, 28
The Ondo State Governor, Arakunrin Oluwarotimi Akeredolu SAN CON, on Wednesday visited the two-time governorship candidate of the Peoples Democratic Party (PDP), Mr. Eyitayo Jegede, over the death of his mother, Mama Caroline Olutola Jegede. Governor Akeredolu, who had earlier called and sent condolence letter, led the deputy Governor, Hon. Lucky Aiyedatiwa, and other members…
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Update; ECONOMY: CBN Justifies Introduction of New Naira Notes
Update Remarks by Governor Godwin Emefiele on Issuance of New Naira Banknotes Good afternoon Ladies and Gentlemen, and welcome to this special press briefing of the Bank. We have called this gathering to inform relevant stakeholders and the general public of persisting concerns we are facing with the management of our current series of banknotes,…
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Protracted electricity crisis:
Siemens takes over Nigerian power sector.The Federal government has signed a contract with a global power generating company, Siemens to take over generation, transmission and distribution of electricity in Nigeria. To this effect, a number of Ten MEGA Transformers will arrive Nigeria next week The transformers were ordered by the Federal Government under President Muhammadu Buhari’s Presidential Power Initiative, PPI.
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Bitumen exploration: Federal government takes fresh steps on 42.74 metric tonnes.
The Federal government has concluded plans to concession its bitumen reserve of 42.74 billion metric tonnes in order to stop the over-reliance on imported bitumen for domestic road construction. Minister of Mines and Steel Development, Mr Olamilekan Adegbite stated this while briefing newsmen on the concession of delineated bitumen blocks in Abuja. Mr. Adegbite said…
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Economic sabotage: Police foil attacks on Dangote Refinery.
Security operatives have foiled an attempted attack on Dangote Refinery, Lekki Free Trade Zone in Lagos State. the police spokesperson, Benjamin Hundeyin, said in a statement the attack occurred at the early hours on Monday. He said the armed hoodlums numbering about twenty were repelled while attempting to cart away already-installed armored cables in the…
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Industrial Revolution: Gov. Akeredolu Commissions JohnVent Cocoa Factory
Ondo State Government says it will leave no stone unturned in retaining its leadership position in cocoa production with necessary cooperation from all stakeholders. One of such stakeholders is JohnVents Cocoa Limited which has its mega processing factory commissioned by Governor Oluwarotimi Akeredolu in Akure the State Capital. Our Reporter Joy Pius has details.
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