IITA Alerts Farmers of Banana Virus

The International Institute of Tropical Agriculture (IITA), Ibadan, Oyo State, has alerted farmers of the Banana Bunchy Top Virus (BBTV) which has destroyed banana plantations across West Africa.

The alert was contained in a statement in Lagos by Dr Lava Kumar, a virologist at IITA.

Mouka Rewards Customers in 'Showers of Comfort' Promo

Numerous customers of leading manufacturer of mattresses, pillows and other bedding sheets, Mouka Limited will be rewarded for their loyalty and patronage in the newly introduced customer-centric promotion tagged ‘Showers of Comfort' promo.

The promo which runs from August 1 to September 30th 2013 will reward every customer who purchases any Mouka product worth N18,000.00 with a free umbrella and reward fifteen (15) people with a 3-day All-expense paid trip to Ghana.

Crude Oil Production To Rise After Repairs Of Pipelines – NNPC

The Nigerian National Petroleum Corporation, NNPC, has promised that the average daily production of crude oil will rise to about 2.5 million barrels per day (mbpd) in two weeks, following repairs on the Nembe Creek Trunk Line (NCTL).

Independent sources in the oil industry, however said the country was only producing 1.9mbpd, based on accruable revenue, and when an extra 140,000bpd is added from the NCTL, total output would stand at 2.04mbpd.

AFC, GTBank, MESL sign $170 million deal to finance Kainji’s privatisation

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Multilateral financial institution, Africa Finance Corporation (AFC), has provided a $170 million debt financing facility, under the scheme of arrangement that has Guaranty Trust Bank Plc (GTBank) underwriting the loan, for the acquisition of Jebba Power Station and Kainji Power Station, by Mainstream Energy Solutions Limited (MESL).

On Friday, GTBank and MESL sealed about N27 billion medium term syndicated acquisition facility, for the purpose of part-financing the concession of the power stations, owned by Kainji Hydro Electric Plc.

Close Up gives away over N2billion in 50% extra promo



L- R: Josephine Ataboh, Research and Development Manager; David Okeme, Brand Building Director; Victor Ajieroh, Expert Health & Nutrition; and Dexter Adeola, Brand Manager, Close Up, all staff of Unilever Nigeria, at the Close Up N2billion giveaway consumer promo press conference held at Unilever office

Close Up, Nigeria’s most loved and Coolest toothpaste brand, has announced a Consumer promo to show appreciation for their customers’ support over the years, as well as to appreciate the recent recognitions and awards the brand has received. The promo, worth over N2billion, will reward over 94million consumers across Nigeria. 

The promo, scheduled to run from August till December 2013, will give consumers who buy the Big family size Close Up toothpaste tube an extra 30 grams for free at the same price. Additionally, consumers who buy the New 15grm sachet, get an extra 50% for same price.

Microsoft cuts price of High end Surface tablet



Microsoft knocked off $100 from its top-of-the-line tablet, the Surface Pro, this weekend. The hybrid tablet/PC, which is competing against Apple's iPad and devices that use Google's Android system, now starts at $899 for the model with 128 GB of storage.

The news comes a few weeks after Microsoft cut the price of its cheaper Surface RT tablet, which competes with the iPad, by 30 percent from $500 to $350.

FG concludes power privatisation as Preferred bidders emerge for Afam, Kaduna power firms



Winners yesterday emerged in the bidding conducted for Afam Power Plc and Kaduna Distribution Company by Bureau of Public Enterprises (BPE).

The development is however, yet to be confirmed by the National Council on Privatisation, NCP.
The duo are two of the 18 successor companies carved out of Power Holding Company of Nigeria, PHCN.

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