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MAN, West-Pac to build 2,000mw electricity for manufacturers

The Manufacturers Association of Nigeria (MAN) and West-Pac Electrical Nigeria Limited, have entered into a strategic partnership to
West-Pac, a subsidiary of West Pac Petroleum Incorporation of the United Statesdeclared that the electricity will be installed in the industrial area within the next four years for the use of manufacturers in Nigeria adding that 400MW will be available before December 2010 and the initial plan is to develop five industrial clusters around Lagos.

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Clearing agents kick against port charges

Clearing agents have alleged that the port charges which were abolished by the Federal Government have resurfaced at the ports.
Mr John Oforbike, the Chairman, Association of Nigerian Licensed Customs Agents (ANLCA), Apapa Port Chapter, told the News Agency of Nigeria (NAN) in Lagos on Monday that most of the charges abolished in 2009 were still being levied by the terminal operators and the shipping companies.

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CBN needs flexibility to respond to financial crises — Moghalu

Dr. Kingsley Moghalu said on Monday that the Central Bank of Nigeria (CBN) needed some degree of flexibility to respond to any financial crises. Moghalu said this in Abuja when the Senate Committee on Banking, Insurance and other Financial Institutions was screening him for the post of CBN”s Deputy Governor. “The CBN needs a degree of flexibility to respond to any financial crisis but it must do so in accordance with the relevant laws of Nigeria.

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Electricity generation: 6,000mw is achievable – Rep

Mr. Eseme Eyibo, a member of the House of Representatives, says the 6,000 megawatt of electricity targeted by the Federal Government is achievable by the end of the year. Eyibo, representing Eket Federal Constituency, made the observation on Monday in Uyo at a media parley with the Correspondents” Chapel of the Akwa Ibom Council of the Nigeria Union of Journalists.

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Deregulation won’t impact our operations

The Nigerian Breweries plc has stated that the deregulation of Petroleum product would not affect its operation.
The corporate Affairs Adviser, Nigerian Breweries Adviser, Nigeria Breweries Plc, Mr Ageni Yusuf disclosed this, yesterday, at the media briefing on the second edition the Nigeria Breweries Golden Pen Award for Journalists held in Lagos.

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