Thu. Jan 27th, 2022

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Nigeria’s bid to bolster its local crude refining capacity through the construction of modular refineries has run into a hitch due to a number of factors, including funding challenges and rising cases of sabotage attacks on pipelines and oil theft, according to officials familiar with the projects. State-run Nigerian Content Development and Monitoring Board and…


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The Senate Committee on Local Content, on Wednesday, grilled the management of the Nigerian Content Development and Monitoring Board over an alleged breach of local content laws in the execution of the $10bn Train 7 gas project being executed by SAIPEM. SAIPEM is an Italian multinational oil field services company serving as the principal contractor…


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The Lagos State Government has tasked the newly appointed members of the state Christian Pilgrims Welfare Board to work together in order to fulfil their assignments. The Commissioner for Home Affairs, Mr Anofiu Elegushi, made this call on Wednesday in his address to the governing members of the LSCPWB in Alausa, Ikeja. “Your appointment is…


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The Lagos State Government has called on miners and other relevant stakeholders in the state to observe relevant sand mining policies that will safeguard the health of residents. The Commissioner for Energy and Mineral Resources, Mr Olalere Odusote, said this on Wednesday during a meeting with stakeholders in Alausa, Ikeja. He said, “Governor Babajide Sanwo-Olu…


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The Lagos State Governor, Mr Babajide Sanwo-Olu, has flagged-off the construction of the road linking Opebi-Ojota bridges to solve major traffic congestions in Ikeja. The governor added that his administration has completed over 65 road projects with over 50 others at various stages of completion. Sanwo-Olu disclosed this on Wednesday during the flag-off event of…


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The House of Representatives has called for the establishment of more industries in Nigeria to reduce the unemployment and crime rates. At the plenary on Wednesday, the House urged the Federal Ministry of Industry, Trade and Investment to “urgently develop a comprehensive template for the establishment of industries across the Federation”. The call was based…


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The Debt Management Office has listed the $4bn borrowed through Eurobond in September 2021 on the FMDQ Securities Exchange. The listing was announced by the DMO through a statement published on its website on Wednesday. “The Debt Management Office listed the $4bn Eurobond issued by the Federal Government of Nigeria on the FMDQ Securities Exchange…


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