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FG Launches Intellectual Property Automated System

The Federal Government has launched the first Intellectual Property Automated System (IPAS) after 100 years. The launch on Tuesday this week, recorded a milestone, which is expected to transform the Nigerian industrial landscape. The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, who launched the IPAS at the Registry of Trademarks Patents and Designs … Continue reading

NATIONAL CONFERENCE MODALITIES

The federal government of Nigeria today announced the modalities for the proposed but controversial National Dialogue, which it said would now be known as “The National Conference” and feature 492 delegates. Speaking to journalists in Abuja, the Secretary to the Government of the Federation, Anyim Pius Anyim, said that all Socio-Political and Nationality Groups in … Continue reading

UBA lifts power sector privatisation with $700m funding

United Bank for Af¬rica Plc (UBA) has extended $700 mil¬lion (N113 billion) in funding to different investors towards the acquisition of power assets in Nigeria’s re¬cently privatised power sector. Phillips Oduoza, group managing director and chief executive officer (GMD/CEO), UBA Plc, said this while speaking on the side-lines of the World Economic Forum (WEF) in … Continue reading

Nigeria mobilises $700 million for Trans-Sahara gas project

President Goodluck Jonathan, on Wednesday in Addis Ababa, announced that Nigeria has mobilised 700 million dollars to support the completion of Nigeria-Algeria gas pipeline project. Mr Jonathan made this known in a report on the status of the Trans-Saharan gas pipeline project, presented at the 30th meeting of the NEPAD Heads of State and Government … Continue reading

NERC, Brazil agency seal agreement on information exchange

Abuja – The Nigerian Electricity Regulatory Commission, NERC, has entered into an agreement with Agencia Nacional de Energia Electrica, ANEEL, of Brazil, to collaborate in the area of information exchange aimed to deepen the development of the nation’s energy sector. The collaboration, according to NERC, dated back to 2011 when the NERC under the special … Continue reading

Power: ABB to set up manufacturing plant in Nigeria

Power Transmission28 January 2014, Lagos -ABB, a multinational electric power solution company, has pledged to set up a local manufacturing power equipment plant in Nigeria. The development is part of federal government’s privatisation objective that will allow both local and international players to invest in the nation’s power sector. The establishment of the plant is … Continue reading

Nigeria is the best investment destination in 2014 –Razon

A Filipino billionaire, Enrique Razon, has revealed that Nigeria is the best place to invest in 2014. He said this recently during closing activities at the World Economic Forum in Davos, Switzerland, where he rubbed shoulders with other investors. Razon, who controls a $4.7 billion fortune, according to the Bloomberg Billionaires Index, is one of … Continue reading

National ID Card: NIMC Opens Enrolment Centres In 774 LGAs

The National Identity Management Commission (NIMC) has begun the establishment of enrolment centres in local government councils for the issuance of the National Identification Number (NIN) in the 774 local government areas (LGAs) across the country. The deployment, according to Director, Corporate Communications of NIMC, Mr Anthony Okwudiafor, will be in three phases with the … Continue reading

A Review of Jonathan’s Health Sector

I became interested in developments in the health sector under the Jonathan administration when the University College Hospital, UCH, Ibadan, Oyo State in October last year successfully carried out the first open heart surgery in the hospital, the first ever in its over 60 years history. The feat was carried out by surgeons in the … Continue reading

CBN Removes Restriction on Dollar Sales to BDC Operators

In an apparent move aimed at bridging the increasing gap in the value of the naira at the Retail Dutch Auction System (RDAS), the Bureau De Change (BDC) and parallel market, the Central Bank of Nigeria (CBN) Friday announced the removal of the limit of the amount of forex sales to BDCs. Previously, BDCs were … Continue reading

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