Electricity tariff hike, state IGR... 7 business news to track this week | TheCable

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Here are the seven top business stories you need to track this week — June 26 to July 30.

with the state commodities and futures exchange to ensure a steady supply of rice paddy to its rice mill in Imota, Ikorodu., governor of Lagos, said through the partnership, 15,000 metric tonnes of paddy will be milled and sold to the public every three months.

The governor spoke during the launch of the ‘Five Billion Series 1 of the 30 Billion Eko Rice Contracts’ on the Lagos Commodities and Futures Exchange. He said the project was a game changer, adding that the public-private partnership would improve agriculture and food security in the state.The Lagos Metropolitan Area Transport Authority says the blue line rail system would beAbimbola Akinajo, the agency’s managing director, disclosed this at the LAMATA business/investor forum, according to a statement on Thursday by Kolawole Ojelabi, the authority’s corporate communication consultant.

According to the statement, Akinajo said the ongoing test run activities would soon close, allowing for passenger operations to commence in the said month.Eterna Plc, Emadeb Energy Services Limited, and Asharami Energy have been licensed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority to import petrol into the country, TheCable hadAccording to sources, the three companies were the first among the six oil firms licensed to import petrol by July.

“The licensed companies are Eterna Plc, Emadeb Energy Services Limited, and Asharami Energy,” a source told TheCable.it is no longer the sole supplier of petrol in the country.

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