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The Federation Accounts Allocation Committee (FAAC) on Thursday shared N575.46 billion among the three tiers of government from the Federation Account for January 2013. Dr Yerima Ngama, the Minister of State, Finance, made this known to journalists in ...
Eighty six ships are expected to arrive the Lagos ports between Feb. 12 and March 2, the Nigerian Ports Authority (NPA) has said. NPA in its daily publication, `Shipping Position,’ made available to newsmen on Tuesday in Lagos, indicated th...
Trading activities on the Nigerian Stock Exchange (NSE) on Wednesday ended on a positive note with some major blue chips equity recording impressive price gain. The News Agency of Nigeria (NAN) reports that the All-Share Index also appreciated by 395.7...
Twenty one ships are waiting to discharge petroleum products at the various oil terminals within the Lagos ports, the Nigerian Ports Authority (NPA) has reported. NPA in its daily publication, `Shipping Position,’ made available to newsmen on Tue...
United Kingdom independent jurist, Lord Hoffman, commissioned by MTN Group in February 2012 to investigate allegations of bribery levelled by Turkcell over it’s Iran mobile licence in the legal case brought against MTN in the United States, has c...
The National Association of Aircraft Pilots and Engineers (NAAPE) has lent their support to the National Assembly on their stand that the Air Operators Certificate (AOC) of Dana Air should be withdrawn, stating that people should not view their involve...
Mobile operators in the country have disagreed on the best interconnect rates regime to adopt with the expiration of the asymmetrical rates in December 2012. Speaking at a stakeholders’ forum held in Lagos yesterday, some of the mobile operators ...
The Niger Delta Solidarity Forum has heaped encomiums on Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, for the increase in oil production from 800,000 barrel per day to 2.6 million barrel per day. Spokesman of the forum, Comrade Julius ...
Twenty-two ships are waiting to discharge petroleum products at the various oil terminals within the Lagos Ports, the Nigerian Ports Authority (NPA) has said. The Shipping Position, a daily publication of NPA, indicated on Friday that 14 of the ships w...
The fertilizer plant, Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) , will serve markets in Benin, Brazil, Ghana, India, Nigeria, South Africa, the United Kingdom and the United States of America.
The World Bank on Wednesday said it had developed standard indicators for assessing states in the provision water.
Mr Hassan Kida, the Lead Water and Sanitation Specialist of the bank, said the indicators were developed to assess states that showed interest in water utility reforms.
Kida disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja.
"We have developed a standard indicator to assess the states.
“For each state, we have financial indicator, technical staff and institutional indicator, we even have performance indicator on the performance they will do.
"We said this is good, and it will be reviewed with time, every six months or every one year.
“These indicators, for example, may show that last year a state is producing 10 gallons of water, but their treatment plant can produce 20 gallons.
"This year how many are they producing, if they are producing 12 gallons which mean it is an improvement.
“We use this to assess them, the revenue collection was just 20 per cent of their operation maintenance,” he said.
Kida said that the indicator would also help to know how the states had improved, what made them improve and this would help to know the level of commitment towards this utility reform.
"We do this assessment and we see that there is commitment on the side of the government itself to do these things and we do all these monitoring for all the 36 states.
Gombe State Government and Arik Air Ltd. will partner to ensure daily flights from Abuja to Gombe, the Commissioner of Works and Infrastructure, Alhaji Hadi Shehu, has said. Shehu disclosed this to the News Agency of Nigeria (NAN) in Gombe on Friday. H...
Mobile phone subscribers in Nigeria are set to save N1.63bn daily with the implementation of a new price cap of N4.00 for all domestic off-net Short Messaging Service (SMS) interconnect rate with effect from February 5, 2013. Prior to this, operators c...
The Central Bank of Nigeria (CBN) has set new deposit limits for all categories of account holders and introduced three-tier Know Your Customer (KYC) requirements for banks. In a circular issued by the CBN to all banks and other financial institutions ...
Following the on-going connection of a new double circuit 330kv transmission line from Benin, Edo State to Onitsha, Anambra State, there would be a two days power blackout in the Eastern states of the country, the Transmission Company of Ni...