All posts by Ifreke Inyang

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  NEITI recovers more N64bn from Mobil, Total, others

  The Nigeria Extractive Transparency Initiative (NEITI) has disclosed that it has recovered an additional revenue to tune of N64,401,841,370.40 billion which is approximately over $392 million that is owed to Nigeria from some oil and gas companies...

  • Posted July 2, 2014
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  FG, Chinese investors pledge $5billion on steel sector

  The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Ambassador Abdulkadir Musa, has commended PAN Steel Corporation of China for taking advantage of Nigeria Industrial Revolution Plan (NIRP) to invest $5 billion new steel plant in...

  • Posted July 2, 2014
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  Discos to invest N55.69bn this year – BPE

  Electricity distribution companies are to invest a total of N55.69bn ($357.66m) this year, the Bureau of Public Enterprises has said. The bureau, in a document obtained by our correspondent in Abuja on Monday, stated that the amount...

  • Posted July 2, 2014
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  NCC declares NITEL, Starcomms, others inactive

  The Nigerian Communications Commission (NCC) has declared the Nigerian Telecommunications Limited (NITEL), the country’s pioneer telecoms operator, and 13 other telecoms companies as “inactive operators.” According to Technology Times, NCC’s declaration of NITEL and its mobile business...

  • Posted July 2, 2014
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  Mixed reactions trail FG’s release of N200bn capital vote

  A cross section of Nigerians yesterday urged the federal government to re-examine its management of the economy, especially the application of national capital votes. The mixed reactions followed the federal government’s recent release of the N200 billion...

  • Posted July 2, 2014
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  FG to issue $300m Diaspora bond

  The Federal Government is planning to issue a bond of $100m-$300m aimed at the country’s Diaspora by the end of the year, the Director-General, Debt Management Office, Dr. Abraham Nwankwo, has said. “We are still working on...

  • Posted July 2, 2014
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  NCC destroys N26.3m illegal broadcast equipment in Enugu

  The Nigerian Copyright Commission has destroyed illegal broadcast equipment valued at N26.3m during an anti-piracy operation in Enugu. Most of the items destroyed, including cable wires and boosters, were used for illegal distribution of DSTV contents and...

  • Posted July 2, 2014
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  NPA links 14% increase in cargo to e-payment

  The Managing Director of the Nigeria Ports Authority, Mallam Habib Abdullahi, has attributed the 14 per cent increase in cargo throughput recorded in the first quarter of 2014 to the implementation of E-payment and other port reforms....

  • Posted July 2, 2014
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  Senate moves against N35m BDC capital base

  The Chairman, Senate Committee on Finance, Senator Ahmed Makarfi, on Monday described as unfair the N35m minimum capital base imposed on Bureau de Change operators. Makarfi, who addressed journalists in Abuja, however, said both chambers of the...

  • Posted July 2, 2014
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  12 barrels of crude lost in Qua Iboe incident – Mobil

  Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC/MPN) joint venture, has stated that only 12 barrels of oil was released during the incident at its Qua Iboe Terminal (QIT) in Ibeno Local...

  • Posted July 2, 2014
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