President Muhammadu Buhari will resubmit the request for his administration to borrow $29.96bn from external sources to the Senate despite the setback the borrowing plan suffered at the upper legislative chamber on Tuesday. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this to State House correspondents at the

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Indications emerged yesterday that the engagement of 14  firms by the Federal Government under its Power Purchase Agreements (PPA) by the Nigerian Bulk Electricity Trading (NBET) may be subjected to legislative investigation.The House of Representatives Committee on Power said the agreement with the 14 firms breached due process as there was

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Nigeria loses about N127 billion yearly as a result of infractions of the laws, rules and cybercrimes, the Administrator, National Judicial Institute (NJI), Hon Justice Rosaline Bozimo said yesterday in Lagos. She spoke at the opening of the seventh Annual Workshop for Judges on Legal Issues in Telecoms organised by the Nigerian Communications

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Nigeria has lost over N2 trillion to militancy and pipeline vandalism since the beginning of the year,  Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Maikanti Baru has said. He said: “Over 7000kpd of crude oil has been lost due to vandalism this year. A bulk of the loss is from JV assets.“This implies that 60 per cent

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If there is an entrepreneur recording success in fisheries business, Abiodun Eniola is one. Life has changed dramatically for him since he took up fish farming. Staying focused, he has grown his aquaculture business in the same way nature grows a tree. He studied Urban and Regional Planning from the Federal Polytechnic, Ilaro, where he

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The naira closed flat at 470 against the United States dollar on Monday, the same level it recorded on Friday. The naira had plunged to 470 on Wednesday, down from 455 on Tuesday as fresh dollar shortage hit the official and parallel forex markets. The local currency, which had been relatively stable against the greenback, fell last week as fresh

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United Kingdom-based provider of online learning programmes, the University College of Estate Management, is set to train Nigerian construction sector professionals. Officials of the UCEM and CraneswayHoreb Consulting Limited will soon be visiting the country, with a view to recruiting students for degree and masters programmes in building

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