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BUSINESS ROUNDUP: Nigeria to supply electricity to Togo; NCC to sanction telcos over forced subscriptions; Other stories


Here are the Headlines:
NCC vows to sanction telcos over forced subscriptions
Naira records gain against the dollar
Nigerian govt to supply electricity to Togo from Calabar Power Plant
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, said on Saturday arrangement is being made to enable the Dangote Refinery to sell refined crude to Nigeria in naira when it becomes operational.
Emefiele, who disclosed this during an inspection tour of Dangote Refinery, Petrochemicals Complex Fertiliser Plant and Subsea Gas Pipeline projects in the Ibeju-Lekki area of Lagos, said the first shipment of Urea from the fertiliser plant would begin in March to help boost agriculture in the country. Read more ....

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NDPHC: Eligible Customer Framework Key to Power Sector's Improvement


By Peter Uzoho
The Niger Delta Power Holding Company (NDPHC) has said the Eligible Customer framework in the nation’s power sector was key to the improvement of the sector.
It noted that the company was working to improve power supply to Nigerians through the initiative.
A statement by the Head of Communication and Public Relations, NDPHC, Mrs. Olufunke Nwankwo, quoted the company’s Executive Director, Generation, Mr. Kassim Abdullahi, to have stated this recently during his inspection of the company’s Calabar Power Plant in Odukpani, Cross River State.
Abdullahi described the Eligible Customer framework as one of the key relieves for the power sector in Nigeria, adding that most of the power stations in NDPHC today were limited in their operations because of the dispatch challenges. ....

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NDPHC seals agreement on power supply to Togo


Punch Newspapers
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Okechukwu Nnodim, Abuja
The Niger Delta Power Holding Company on Monday said it had signed a Power Purchase Agreement to supply electricity to Togo, a neighbouring country in West Africa.
According to NDPHC, a firm owned by the federal and state governments, a total of 70 megawatts of electricity would be sent to Togo from the Calabar Power Plant in Odukpani, Cross River State.
A statement issued in Abuja by the Head, Communication and Public Relations, NDPHC, Olufunke Nwankwo, stated that the company’s Executive Director, Generation, Kassim Abdullahi, disclosed plans to supply power to Togo while inspecting the Calabar power plant. ....

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