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LASG urge automobile technicians to embrace ICT

  The Lagos State Ministry of Transportation has urged members of the National Automobile Technicians Association ( NATA ) in Lagos to embrace the use of information technology in their workshops. Mr Akinola Johnson, the Director, Transport Operations, gave the advice in an interview with newsmen on the sidelines of …

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Consumers to pay N450,000 fine for meter bypass – NERC

  Electricity consumers who bypass their meters will be forced to pay up to N450,000 as fine, the Nigerian Electricity Regulatory Commission has declared. According to NERC, financial sanctions ranging from N50,000 to N450,000 for meter bypass by power consumers have been drafted by it and have been endorsed by …

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Lagos govt, private sector partner to rival Silicon Valley

The Lagos State government is partnering with private sector organisations to transform the state into a leading innovation and technology hub in West Africa. The target is to produce world-changing entrepreneurs. One of the partners in this project is Meltwater Entrepreneurial School of Technology (MEST), a not-for-profit organisation, which invests …

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Oil prices hit $57 as OPEC meets

  Oil prices were largely up yesterday as traders waited to see whether oil- producing countries set to meet in Vienna, Austria would extend production limits to reduce the global crude glut. The brent crude was trading at $56.29 dollars a barrel. U.S. crude was 50.64 dollars. Ministers from the …

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SON ACT AND FG’s STRATEGY ON EASE OF DOING BUSINESS IN NIGERIA.

The Standard ‎Organisation of Nigeria says the proliferation of sub standard products in the country is strangulating local producers and preventing competition in the Nigerian market. This was made known by the Director General of SON, Mr Osita Aboloma at a one day forum on the Son Act and FG’s …

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Oil rises towards $55 after Harvey fallout

          Oil prices rose yesterday as strong global refining margins and the reopening of United States Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey. Brent had gained 82 cents to 54.20 dollars a barrel by 1215 GMT. U.S. West …

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Nigeria loses N96bn to gas flaring in five months

  Oil and gas companies operating in the country flared a total of 108.91 billion standard cubic feet of natural gas in the first five months of the year, causing the country an estimated loss of N95.8bn. The latest data obtained from the Nigerian National Petroleum Corporation on Friday showed …

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Nigeria, US, Libya’s rising oil output threaten prices

The increase in the production of light sweet crude from Nigeria, United States and Libya has been said to be capable of contributing to a narrower price spread between light and medium crudes. The US Energy Information Administration said in its Short-Term Energy Outlook that Nigerian production increased by six …

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Federal government reels out fiscal policies and macroeconomic projections for 2018 to 2020.

The Federal government has retraited its commitment to changing the current ailing economic situation of the country through Diversification of the economy. Minister of Budget and National Planing Udo Udoma made this known at a public consultative framework and fiscal strategy forum with stakeholders in Abuja. He says, accelerating growth …

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