All posts by Ifreke Inyang

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  Dana’s route expansion stirs competition among domestic operators

  The recent announcement by Dana Air that it would start Lagos to Uyo and Uyo to Abuja flights crashed the fares that one of the domestic carriers that operate to the Akwa Ibom capital reduced its fares...

  • Posted June 29, 2014
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  NSE index drops by 0.61%

  Equities listed on the Nigerian Stock Exchange ended a four-day rally on Thursday as the major market indicators declined for the first time this week. At the close of trading, the NSE All-Share Index had fallen by...

  • Posted June 29, 2014
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  NCAA introduces stringent measures to check airlines

  To ensure strict adherence to regulations and safety in air operations, the Nigerian Civil Aviation Authority (NCAA) has introduced measures to eliminate the excesses of airlines. Airlines on scheduled service are no more allowed to defer aircraft...

  • Posted June 29, 2014
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  Nigeria ranks 141 in UN e-Government indices

  Nigeria has moved up by 21 points in the latest United Nations e-Government Development ranking,Saturday PUNCH learnt on Thursday. Previously ranked 162, the country now ranks 141 out of 193 countries rated in the recent UN Global e-Government...

  • Posted June 29, 2014
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  Fuel subsidy: Court stops marketers’ move to quash charge

  Justice Lateef Lawal-Akapo of Ikeja High Court yesterday dismissed the application filed by two oil marketers, Mahmud Tukur and Alex Ochonogor, seeking to quash the N1.8 billion fuel subsidy fraud charge preferred against them by the Economic...

  • Posted June 29, 2014
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  GTBank appoints Oyinlola Non-executive Director

  Guaranty Trust Bank Plc (GTBank) has announced the appointment of Mr. Hezekiah Sola Oyinlola as a Non- executive Director. Oyinlola replaces Mrs. Stella Okoli on the bank’s board of directors following her recent retirement in compliance with...

  • Posted June 28, 2014
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  Credit to private sector drops to N16.769tn

  Banking sector credit to the private sector declined by N248 billion to N16.769 trillion as at the end of May 2014, compared to the N17.017 trillion it was at the end of April 2014. According to the...

  • Posted June 28, 2014
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  Otti urges FG to review capital investment

  The Group Managing Director, Diamond Bank Plc, Dr. Alex Otti, says there is a need for the Federal Government to review its policies where about 80 per cent of its revenue is expended on recurrent expenditure. He...

  • Posted June 28, 2014
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  Shareholders approve Jaiz Bank’s bid for national licence

  Shareholders of Jaiz Bank Plc yesterday approved the bank’s bid to get a national operating licence in order to establish its presence across the country. It also emerged that the bank has grown its assets base to...

  • Posted June 28, 2014
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  ANAN tasks FG on 2014 budget implementation

  The President of the Association of National Accountants of Nigeria (ANAN), Alhaji Sakirudeen Labode has urged the federal government to expedite action on the implementation of the 2014 budget. Labode made the plea in a statement yesterday...

  • Posted June 28, 2014
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