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NERC to quicken power sector growth

The Nigerian Electricity Regulatory Commission (NERC) said it would fast-track the implementation of local content development in the electricity sector to grow the sector. Dr Sam Amadi, Chairman of NERC, made the promise in Abuja at a public consultation on the draft of the enforcement regulation on national content development for the electricity market. He said that the regulation was ...

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Two filling stations sealed for hoarding, diverting kerosene

The Department of Petroleum Resources (DPR) has sealed two filling stations for hoarding and diverting 25 truckloads of kerosene. The filling stations are Sunmart Progress Nigeria Limited at Giri on Gwagwalada Road, Abuja, and Ajifun Investment Nigeria Limited on Abuja-Kaduna Express Way, Suleja, Niger. The stations were sealed during a routine inspection and monitoring of filling stations by the DPR ...

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Public warned on bogus money changers

The Association of Bureau De Change Operators of Nigeria (ABCON) has urged members of the public to be wary of unregistered money changers who were in the habit of defrauding people. The association said it had come to its attention that some fraudsters posing a bureau de change operators had set up shop to swindle people. To checkmate the trend, ...

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Blue chips drop price on NSE

Some highly capitalized stocks on the Nigerian Stock Exchange (NSE) on Thursday recorded huge price losses due to sustained profit taking by investors. Nestle topped the price losers’ chart, dropping N18 to close at N1 102 per share. Guinness lost N5 to close at N212, while Nigerian Breweries depreciated by N4.50 to close at N145.50 per share. Dangote Cement lost ...

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CBN earmarks N220 bn for micro businesses

The Central Bank of Nigeria (CBN) says it has earmarked N220 billion for the development of micro, small and medium enterprises in the 36 states of Nigeria and the FCT. The Sokoto State branch Controller of the bank, Mohammed Idris, disclosed this in Sokoto state on Thursday at a sensitisation workshop on the Micro, Small and Medium Enterprises Development Fund. ...

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BOKO HARAM: Students Run For Dear Life

Students of the College of Education, Hong, Adamawa, have started vacating campus over alleged threat letters from members of Boko Haram asking them to leave. Some of the students, who spoke to newsmen on the issue on Thursday, said it had caused tension in the school resulting to mass exodus of staff and students. The Provost of the College, Dr ...

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Adamawa Corps Members Protest Non-payment of Allowances

Members of the National Youth Service Corps (NYSC) have protested on the streets of Yola, the Adamawa State capital, over the delay by the state government to pay their supplementary allowances. The corps members barricaded the road leading to the private residence of the state Governor, Alhaji Murtala Nyako, demanding the payment of their allowances. Under the state government policy, ...

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300 Students Arrested For Cult-Related Activities

Report has it that about 300 students of a very prevalent secondary school (name withheld) in Ogwashi-Uku near Asaba, Delta State, have been apprehended by the police in the area for cult-related activities. This was made know to liveschoolnews.com.ng grapevine by the Police spokesperson in the state, DSP Celestina Kalu. DSP Celestina Kalu who confirmed the arrest of the suspects, ...

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Tiwa Savage Unveiled As Forte Oil Brand Ambassador

Tiwa Savage-Balogun has signed a mouth watering deal with indigenous energy group FORTE Oil, her manager Tunji ‘Tee-Billz’ Balogun has confirmed to us. ‘Yes, brand ambassador for Forte Oil. We are at the unveiling right now‘, Tee-Billz communicated to NET via text messaging. And how much is the deal worth? Tiwa’s team describes it as a ‘gulp’. We learn it’s in ...

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Mavin Records Signs New Artiste, Di’ Ja

Mavin Records has signed a new artiste named Di’ Ja.  Di’Ja who is set to dominate the competitive world of entertainment in Africa and beyond, will be joining an increasingly formidable team which includes Dr Sid, Tiwa Savage, D’Prince and Don Jazzy as the new frontline of Mavin 2.0.The wait is over. Mavin records CEO, Don Jazzy finally unleashes new ...

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