Shocker: One Bidder Fails NITEL's Technical Evaluation

One of the consortia seeking to acquire the Nigerian Telecommunications Limited and its mobile subsidiary, the Nigerian Mobile Telecommunications, has dropped out of the competition, having failed in the technical evaluation process. The Head of Public Communication, Bureau of Public Enterprises, Mr. Chigbo Anichebe, confirmed this in a telephone interview with our correspondent in Abuja on Tuesday. With...

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No Surprise At All, As Fuel Scarcity Looms Over Delayed Subsidy Payments

The reluctance of some oil marketers to import petrol owing to alleged non-payment of subsidy arrears and the subsequent reduction in loading activities at the Apapa depots are currently putting serious pressure on product supply across the country. There are fears that scarcity of petrol is imminent if the situation is not addressed. Some filling stations, which in recent times were always open...

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I Am In Control Of Cross River: Gov. Imoke pencils two aspirants as successor

There are indications that the Cross River State Governor Liyel Imoke, may have settled for one out of Prof. Ben Ayade and Mr. Fidelis Ugbo, as his successor. Ayade is the incumbent senator representing the Cross River North Senatorial District in the National Assembly, while Ugbo is the immediate...

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Aren't They Helping Out? The Agricultural Sector In Nigeria Is Still Largely Untapped - Manufacturers

The Manufacturers Association of Nigeria on Wednesday said that Nigeria was yet to utilise the economic potentials of the agricultural sector, as a alternative source of income generation, despite the dwindling fortune from the production and export of crude oil as the nation's major income generator. The association made the call during the 28th annual general meeting of its Edo and Delta States...

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Only God Can End The Suffering Of Nigerians, Says Sen. Mark

Senate President, David Mark, on Wednesday took a critical look into the myriads of crisis rocking Nigeria especially the insurgency situation that is currently tearing the nation apart and submitted that only God's intervention can save the country. He therefore urged Nigerians to "turn to God as...

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Aren't They Tired? Again, FEC Approves N470.5 Billion For 17 Roads, Bridges

The Federal Executive Council on Wednesday approved different contracts for the construction and rehabilitation of 17 roads and bridges across the country to the tune of N470 billion. Supervising Minister of Information, Dr. Nurudeen Muhammed; Minister of the Federal Capital Territory, Bala Muhammed; Minister of Works, Mike Onolememen; and Minister of Niger Delta Affairs, Stephen Oru, briefed State...

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8000 Delegates Storm Lagos, As APC National Convention Holds Dec 10/11

Over 8,000 delegates are expected to storm Lagos, Nigeria's commercial nerve centre, for the national convention of the All Progressive Congress, scheduled to hold on December 10 and 11, 2014. The delegates, who are to converge on the Teslim Balogun Stadium, will elect the party's presidential flag...

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Remember This Speech? I Will Not Contest 2015 Election, Jonathan Said In 2011

President Goodluck Jonathan, yesterday, said he has no ambition to stay in office beyond 2015, assuring Nigerians in Diaspora that while he will not contest the 2015 election, he will ensure that this year's election is free and fair. The President promised that if voted in for the next four years,...

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World Bank Completes N54.4b Funding For 450mw Azura-Edo IPP

The International Finance Corporation (IFC), a member of the World Bank Group, says it is providing or mobilising funding totalling $292.5 million (about N54.4 billion) debt -and sub-debts for the 450 megawatts gas-fired open-cycle Azura-Edo Independent Power Plant. Of this amount, the IFC is providing $80 million in debt financing to Azura Power West Africa Limited, Edo State, to "strengthen Nigeria's...

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National Interest Must Come Before Your Selfish Interest, Ndigbo Warns Lawmakers

Ndigbo Cultural Society of Nigeria (NCSN), an Igbo socio-cultural organisation, has warned members of the National Assembly who are threatening to impeach President Goodluck Jonathan, to thread with caution, because national interest must "override their selfish gains" at all times. The group, in a...

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