The Standards Organisation of Nigeria (SON) has an inventory of over N400million worth of substandard tyres awaiting destruction in its warehouses, the Director-General, Osita Anthony Aboloma, has said. The SON chief said the destruction is to serve both as a deterrent and to also forestall a situation where such products, if left un-destroyed, could

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Mobile giant MTN has paid N80 billion out of the N330 billion fine imposed on it for failing to deactivate more than five million unregistered SIM cards. Minister of Communications Adebayo Shittu stated this yesterday at the News Agency of Nigeria (NAN) Forum in Abuja According to him, the company paid the money for the first year of

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Power transmission projects worth about N6bn have remained stalled in the past few years due to lack of government funding, even as the nation seeks to achieve incremental power supply. The nation’s power generation and distribution companies were privatised in November 2013, but the transmission segment of the value chain was left in the

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The Federal Government plans to raise over N2 trillion bonds to pay off contractors in 2017 budget. Addressing reporters in Abuja yesterday during the 2017 budget breakdown, Budget and National Planning Minister, Senator Udoma Udo Udoma said “to address contractors’ liabilities the Federal Government intends to issue over N2 trillion

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Ogun State civil servants are to be allocated land for agricultural purposes. Governor, Ibikunle Amosun, stated this while speaking to reporters during the visit of the Presidential Task Force on Agricultural Commodities and Production led by Kebbi State Governor Abubakar Dakingari. Amosun said the government took the decision as a way to improve

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The Nigerian National Petroleum Corporation (NNPC) is set to embark on a comprehensive rehabilitation of the nation’s three refineries located in Port Harcourt, Warri and Kaduna to achieve optimal capacity utilisation in the New Year. Speaking at the Annual General Meetings (AGMs) of the three refineries in Abuja yesterday, the Chief Operating

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THE Nnamdi Azikiwe International Airport (NAIA), Abuja will be closed between February and March next year, Minister of State for Aviation Hadi Sirika said yesterday. The closure, according to the minister, will enable a construction company, Julius Berger Plc, carry out re-construction work on the badly damaged airport runway. Sirika, who

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