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Livestock sector can add N33tn to economy —FG

Nigeria’s livestock sector has the potential to add N33tn worth of investments to the country’s economy, the Federal Government has said. Minister of Agriculture and Rural Development, Sabo Nanono, who said this to the media in Abuja on Saturday evening, stated that the Federal Government was working hard to ensure the release of this huge...

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Discos now selling FG’s free meters, consumers allege

Power consumers have raised the alarm that power distribution companies were now selling the free meters that were provided for electricity users by the Federal Government. In October 2020, the Federal Government inaugurated the National Mass Metering Programme in respect of which the Central Bank of Nigeria issued a framework for financing the scheme. The...

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CBN raises SMEs fund to N300bn, disburses N149.21bn

The Central Bank of Nigeria on Saturday announced its decision to raise the Targeted Credit Facility for households and small and medium enterprises from N150bn to N300bn. It also stated that the bank had disbursed a total of N149.21bn to SMEs and households across the country under the TCF. The Governor, CBN, Godwin Emefiele, disclosed...

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DPR remits N2tn to FG, seals 11 filling stations

The Department of Petroleum Resources on Thursday announced that it generated over N2tn for the Federal Government in 2020, as its Abuja zonal office sealed up 11 filling stations for shortchanging motorists. In his virtual keynote address at the 2021 Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum in Abuja, the Director, DPR,...

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Airlines may shut down operations over waiver concerns

Airlines operating in Nigeria may shut down operations in coming weeks over the frustration they face in the hands of the Nigeria Customs Service and the crash of the naira against the dollar, the Chairman, Air Peace, Allen Onyema, said on Thursday. Air Peace is Nigeria’s largest commercial carrier involved in domestic and international operations....

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TCN constructs, energises 600MW power transmission line

The Transmission Company of Nigeria on Friday said it had completed the construction of a new transmission tower in Ajah, Lagos and also strung the old and new 330 kilovolts Egbin-Ajah transmission lines. It said both lines had been energised. “The new line increased the transmission lines capacity on that line route by 600 megawatts,...

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Asset declaration: Focus on bank MDs, others, workers reply EFCC

 Deposit Money Bank workers on Wednesday said the Economic and Financial Crimes Commission should focus its asset declaration drive on the managing directors of banks and other agencies of government. EFCC Chairman, Abdulrasheed Bawa, had declared on Tuesday that the commission would from June 1 be demanding the asset declaration forms of bankers. Bawa said...

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We found gold deposits along Abuja-Nasarawa highway – FG

Gold deposits have been discovered along the Abuja, Nasarawa axis through the National Integrated Mineral Exploration Project being undertaken by the Federal Ministry of Mines and Steel Development. Minister of Mines and Steel Development, Olamilekan Adegbite, disclosed this while playing host to the Governor of Nasarawa State, Abdullahi Sule, in Abuja. The minister in a...

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NEITI vows to recover N69.5bn, $5.31bn for FG

The Nigeria Extractive Industries Transparency Initiative has vowed to ensure the recovery of N69.5bn and $5.31bn for the Federal Government. It said on Tuesday that the monies were outstanding funds which were captured from NEITI’s 2018 audit reports to date. [READ ALSO] Insecurity: Makinde, Abiodun, Oyetola, others not cowards, says Fayemi The Executive Secretary, NEITI,...

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FG inaugurates National Livestock Breed Improvement Programme

The Federal Government on Monday inaugurated the National Livestock Breed Improvement Programme with the aim of curbing incessant clashes between farmers and herders across the country. It said the programme would also address the development and transformation of the livestock value chain in the agricultural sector. [READ ALSO] AstraZeneca fear: Vaccination suffers setback, five more […] Read Full Story

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Govt’ll consult widely before petrol subsidy removal – NNPC

 The Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Corporation has said. On Monday, The PUNCH exclusively reported that the NNPC might spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity. Findings by our correspondent […] Read Full Story

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FG begins selection of 500,000 N-Power beneficiaries

Okechukwu Nnodim, Abuja The Federal Government on Thursday commenced the selection process for 500,000 Batch C beneficiaries of the N-Power programme. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, said one million persons would benefit in the current batch of the social investment programme. She spoke in Abuja during the inauguration of […] Read Full Story

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FG explores new technology to check oil-tanker explosions

Okechukwu Nnodim, Abuja The Federal Government plans to adopt a new technology to halt explosions in oil tanks and petroleum products’ distribution tankers. Director-General, National Oil Spill Detection and Response Agency, Idris Musa, said the Explo-Control Technology by Qcuboyds Limited was being explored by government to prevent explosions in facilities that convey, transport and store […] Read Full Story

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ICYMI: Customers with faulty meters shouldn’t get estimated bills – NERC

Okechukwu Nnodim, Abuja Under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution company to install a replacement meter, the Nigerian Electricity Regulatory Commission has said. According to NERC, Discos must desist from such acts henceforth, as a lot of customers had raised complaints about […] Read Full Story