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SMAA winners receive $15,000 prize money from Sterling Bank

Winners of the Social Media Award Africa (SMAA) have received the sum of $15,000 as prize money from Sterling Bank Plc. The prize money was handed over to the winners at the SMAA presentations tagged: “Night of Virtual Wonders” designed to reward excellence among social media practitioners in the African continent. Each of the winners went home with $1,000 each. ... Read More »

Nigeria-China trade volume exceeds $16b in 2014 – Official

The trade volume between Nigeria and China in 2014 exceeded $16 billion  in 2014, Deputy Chief of Mission, Chinese Embassy, Mr Zhang Bin has said. Zhang told the News Agency of Nigeria (NAN) on Thursday in Abuja that the figure exceeded that of 2013, which he put at 13.5 billion dollar. According to him, China is currently the third largest ... Read More »

NERC grants firm licence for 500mw power plant

The Nigerian Electricity Regulatory Commission (NERC) has granted an operating licence to Trombay Power Generation Limited for a 500 MegaWatts power plant. The 500mw power plant is to be located at Wajari village along Dadinkowa Road, Yamaltu local government area of Gombe state. Chairman of NERC, Dr. Sam Amadi who handed over the licence to the company in Abuja on ... Read More »

Total Completes Gas Pipeline to Alaoji Power Station

Total Exploration and Production (E&P) Nigeria on Tuesday announced that gas supply to the 1,074 megawatts (MW) capacity Alaoji National Integrated Power Plant (NIPP) is expected to be boosted with its completion of a section of its Northern Option Pipeline (NOPL) from kilometre (km) 38 at Obigbo to km 50 at Imo River. Disclosing its completion of the pipeline, Total ... Read More »

Nigeria Needs 160,000MW to Satisfy Demand for Stable Power

The Minister of Power, Prof. Chinedu Nebo, has said the country will need about 160,000 megawatts in order to reach the globally accepted standards and satisfy the demand for stable power supply for the 170 million Nigerians. Nebo, who was represented by the Permanent Secretary, Ministry of Power, Ambassador Godknows Igali, stated this on Tuesday in Abuja at the workshop ... Read More »

Water is More Lethal than Boko Haram in Nigeria

The lack of running water killed more people in Nigeria last year than Boko Haram. While the terror campaign claimed more than 4,000 lives, the shortage of potable water and poor sanitation led to about 73,000 deaths, according to WaterAid, a London-based non-profit. The water deficit isn’t limited to isolated areas in the country’s vast north. In Lagos, about 15 ... Read More »

CBN May Stop Forex Sales for Goods that Can Be Made in Nigeria

The Central Bank of Nigeria (CBN) is considering halting the sale of dollars for imported goods that are already manufactured in the country as it seeks to reduce pressure on the naira hit by a drop in oil prices. “The only thing that will reduce pressure on our currency is by producing those things we are importing today,” CBN Governor ... Read More »

Agric Minister Lauds Lawmakers over GES Bill

The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has commended members of the National Assembly for their wisdom in demanding legislation for the Growth Enhancement Support (GES) scheme. Adesina said this on Monday in Abuja at a one-day stakeholders’ meeting on the draft bill for the consolidation of the scheme. He stated that the legislation would not only ... Read More »

New music tracking device unveiled

As part of efforts geared toward solving the problems bedevilling the music industry and its stakeholders, a media monitoring firm, Compliance and Content Monitoring Limited, CCM, has unveiled a music tracking device, musiktrak, that will assist in providing superior media monitoring capability to stakeholders. Speaking at a press conference held in Lagos recently, The Chief Executive Officer of the firm, ... Read More »

Curve Introduces Free-Info Service on Web Platform

As part of its effort to provide and support the access to real-time information, Curve Communications recently introduced a free-info service on its web platform to tackle data challenges. According to a statement issued by the management of the firm and signed by gthe chief Executive officer of the firm, Adeola Odunowo,the advisory service will provide corporate organizations and the ... Read More »