Posted on June 13, 2018

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Reps move to sanction DISCOs over estimated electricity billing

The House of Representatives yesterday threatened legislative action against excessive billing of electricity consumers.Chairman, House ad hoc Committee on Curbing Excessive Electricity Charges, Israel Ajibola, dropped the hint in Kano.He spoke at an interactive session organised by Kano/Kaduna Electricity Distribution Companies (DISCOs).He said the House had been inundated with allegations of excessive billing, and DISCO’s […]

Posted on June 8, 2018

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Nigeria fails to review oil contract despite $21b loss

• Stakeholders fault favouring of majors above national interests • ‘Oil companies may lobby lawmakers to skew fiscal terms’ The Federal Government has remained docile over the need to review the Production Sharing Contract (PSC) signed about 25 years ago between the Nigerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs). While losses of […]

Posted on June 1, 2018

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Address citizens’ confidence level, trust, U.S. envoy tells Nigeria

• Osinbajo lists Nigeria’s returning economic gains • Puts debt-to-revenue ratio at 34 per centThe United States (U.S.) has urged the Federal Government to address gaps in confidence level and trust among citizens.Nigeria’s greatest asset is its citizenry without whose support and trust, achieving sustainable development, despite support from allies would be difficult, said U.S. […]

Posted on June 1, 2018

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IOM, EU evacuate 186 more Nigerians from Libya

The International Organisation for Migration and the European Union have evacuated 186 more Nigerians from Libya. Mr Ibrahim Farinloye, spokesperson for the National Emergency Management Agency, South-West Zone, confirmed the development to the News Agency of Nigeria on Friday in Lagos. Farinloye said the returnees arrived in two batches at the Murtala Muhammed International Airport, Lagos on […]

Posted on June 1, 2018

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Nigeria unveils protectionist measures ahead of AfCFTA ratification

Preparatory to the ratification of the African Continental Free Trade Agreement (AfCFTA), the Nigerian Office for Trade Negotiations (NOTN), has announced that an anti-dumping rule has been negotiated, as part of protectionist measures to avert dumping of goods in the country.The Director General, NOTN, Ambassador Chiedu Osakwe, said his office has also gone ahead to […]

Posted on May 29, 2018

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nPDP members meet Osinbajo, say it’s too early to talk about quitting

Vice-President Yemi Osinbajo on Monday met behind closed doors with members of the defunct new Peoples Democratic Party. The meeting was held inside Osinbajo’s official residence, Akinola Aguda House, in the Presidential Villa, Abuja. Members of the nPDP had recently protested what they called their nationalisation in the ruling All Progressives Congress, among other allegations. […]