FG spends N270bn on subsidy in Q2

Clara Nwachukwu & Victor Ahiuma-Young
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NUPENG seeks more stakeholders participation in import allocation

By Daniel Alfred FOLLOWING the controversy which has continue to trail the 3rd quarter oil import allocation to marketers the National Union of Petroleum and Natural Gas workers (NUPENG) has urged the Petroleum Product Price Regulatory Agency (PPP...
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FG flags off OPEC’s 50th anniversary celebration

By Yemie Adeoye AHEAD of the 50th anniversary celebration of the Organization of the Petroleum Exporting Countries, OPEC, the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has on behalf of the federal government flagged off the in-c...
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PTDF begins phasing out of Overseas Scholarship Scheme

By Oscarline Onwuemenyi ABUJA—The Petroleum Technology Development Fund (PTDF) has announced that it has begun the gradual phasing out of the Masters Degree component of the Overseas Scholarship Scheme (OSS) following domestication of the training...
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Streamlining downstream operations

By Clara Nwachukwu DESPITE the furore over refined products importation in the country, analysts believe the downstream operations in the Nigeria petroleum sector is now better managed, with series of streamlining of operations.
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Nuclear power: Agency insists on enhanced control

By Oscarline Onwuemenyi ABUJA – With the nation’s ambition for nuclear-generated energy, as well as growing demand for radioactive sources in other sectors, the Nigerian Nuclear Regulatory Authority (NNRA) has called for tighter regula...
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FG to upgrade NTI Bonny, to Federal Polytechnic of Gas

By Oscarline Onwuemenyi ABUJA – The Federal Government is exploring the possibility of upgrading the National Technical Institute, Bonny, Rivers State into a full fledged Federal Polytechnic specialising in Gas Technologies, alternative ene...
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PIB to generate 30,000 jobs locally, FG

By Yemie Adeoye THE Federal government has announced that in view of the planning and strategies put in place to bring about a smooth passage of the Petroleum Industry Bill (PIB), investment inflow afterwards are expected to generate about 30,000 ...
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Royal Exchange repositions for emerging opportunities in oil & gas

Royal Exchange, Nigeria’s premier financial services group has reinforced its preparedness to fully explore all opportunities presented by the Federal Government’s local content policy which seeks to encourage more indigenous participa...
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Spring Bank boss attributes high lending rate to cost of transactions

By Peter Egwuatu The high lending rate charged by banks operating in the country has been attributed to the high cost of transactions. Mrs. Sola Ayodele, Managing Director, Spring Bank Plc at the recent 2010 banking review report by Afrinvest Limi...
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NSE share value soars by N30bn, despite fluctuations

By Michael Eboh & Providence Obuh Despite the fluctuating trend recorded in the equities’ segment of the Nigerian Stock Exchange (NSE), last week, the value of listed equities, represented by the All-share index and market capitalisation, appr...
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FG charges quarry operators on mining laws

By Oscarline Onwuemenyi ABUJA – The Federal Government has advised Quarry operators to comply with safety rules and regulations for sustainable development in the mining industry in Nigeria.
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Ecobank gets meritorious service award

The Federal Ministry of Transport has lauded Ecobank’s contribution towards the development of transportation business in Nigeria .
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Zero fuel scarcity: PDP women laud Minister

By Yemie Adeoye FEMALE members of the Peoples Democratic Party’s Board of Trustees have congratulated the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, for what they described as “her good job in the ministry in ensuring that there ...
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Nigeria to host parley on airport safety, security in Africa

Kenneth Ehigiator Nigeria  is next month playing host to airport operators in Africa, under the aegis of Airports Council International, ACI, African region, who would be here to articulate solutions to issues of safety, security and technology i...
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