NEWS: FG slashes electricity tariff by 50%, Dangote group hopeful $9bn refinery kicks off by 2017 and lots of Other News Updates….

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Dangote group hopeful $9bn refinery kicks off by 2017

A new $9 billion oil refinery owned by Africa’s richest man, Aliko Dangote is expected to come on stream in Nigeria by 2017.

The refinery which would produce 500,000 barrels per day is to be located in Lagos, and will cut Nigeria reliance on international markets for refined petroleum products, which constitute imports of more than 80 percent of the nation’s fuel needs.

This was made known yesterday by Mansur Ahmed a Senior Dangote Group official. He said the Dangote Group has interests ranging from cement to basic food processing to oil and gas. A boost to its refining capacity would be a blow to European refiners and oil traders, which make huge profits bringing gasoline into the

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FEC to consider Confab report today

The Federal Executive Council will today receive and discuss a report of a committee set up by President Goodluck Jonathan to draw up the implementation strategy for the 2014 National Conference.

A top government official, who pleaded anonymity, told correspondents of Punch on Tuesday that discussion on the report of the Justice Idris Kutigi-led conference would take a better part of the meeting expected to be presided over by the President.

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Suspected child thief lynched in Imo

A middle aged woman,  identified as Chioma, was allegedly caught while trying to steal a baby boy at Ogugba Park in Owerri municipality.

An eyewitness told Vanguard that “the lady took the little boy from where his mother laid him and wanted to hurriedly leave the scene after picking the boy, but luck ran out on her as she was nabbed by people around the area” .

She was beaten to death by the aggrieved mob.

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FG slashes electricity tariff by 50%

On  Tuesday, the Federal Government  announced a reduction in electricity tariffs by 50 per cent.

The government through the Nigerian Electricity Regulatory Commission added that it took the decision after it removed the collection loss component of the Multi Year Tariff Order 2.1 of the affected Discos.

The Chairman of NERC, Sam Amadi, said although the increment in residential tariff was pending till June 2015, the total removal of the collection loss applied to all consumer categories, including industrial and commercial consumers.

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Cleaner gets N7,200 salary increment for returning N12m

The airport cleaner who returned a passenger’s luggage containing local and foreign currencies to the tune of N12m, Josephine Ugwu, has been rewarded with a N7,200 salary increment.

She works for Patovilki Cleaning Services, a concessionaire engaged by the Federal Airports Authority of Nigeria to keep the Murtala Muhammed International Airport, Lagos clean, and was on a monthly salary of N7,800 before the incident.

Her salary has now been increased from N7,800 to N15,000.

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