All posts by Ifreke Inyang

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  Poor generation leaves transmission stations dormant

  Many power transmission stations in the country, particularly those inaugurated recently, are dormant as a result of the drastic drop in the quantum of electricity generation. Defending the country’s transmission system and the billions of naira spent...

  • Posted June 26, 2014
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  Cashless policy goes nationwide July 1

  The Central Bank of Nigeria on Tuesday said that the third phase of its cash-less policy would commence as scheduled in the remaining 30 states of the federation. The development was confirmed in a statement issued by...

  • Posted June 26, 2014
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  New tariff on imported cars for July 1

  The Federal Government on Tuesday said there was no going back on the July 1, 2014 deadline set for the commencement of the 70 per cent tariff on imported new cars. It, therefore, dismissed the report of...

  • Posted June 26, 2014
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  Power investors jittery as performance ultimatum approaches

  Investors in the privatised power firms and the Federal Government may be heading for a showdown as the deadline for the improvement of electricity supply to consumers ends at the end of this month without much progress...

  • Posted June 26, 2014
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  New capital base: BDCs seek deadline extension

  Some Bureau De Change (BDC) operators yesterday urged the Central Bank of Nigeria (CBN) to extend the deadline for the new capital requirement released for the industry. The BDCs operators, who pleaded anonymity due to what some...

  • Posted June 26, 2014
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  UBA cards now accepted on PayPal

  The United Bank for Africa (UBA) Plc has announced that its debit and prepaid cards are now accepted on the PayPal platform. PayPal is one of the world’s largest online payment platforms which allow individuals and businesses...

  • Posted June 25, 2014
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  Airport rehabilitation: Minister orders FAAN to terminate unsatisfactory contracts

  The supervising Minister of Aviation, Dr. Samuel Ortom, yesterday ordered the Federal Airports Authority of Nigeria (FAAN) to terminate the contracts of some contractors handling the projects at various airports in the country whose work did not...

  • Posted June 25, 2014
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  FG spends N47bn to service external debt

  The Federal Government spent the sum of $297.33m (N47.57bn) in the 2013 fiscal period to service debts owed multilateral institutions, documents obtained from the Budget Office of the Federation have revealed. The Budget Office, in its 2013...

  • Posted June 25, 2014
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  BPE urges power firms to liaise with security agencies for safeguard of facilities

  The Director General of the Bureau of Public Enterprises (BPE), Benjamin Dikki has urged owners of the Power Holding Company of Nigeria (PHCN) Successor Companies (SCs) to liaise with security agencies in the country to check the...

  • Posted June 25, 2014
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  Niger Delta community rejects Shell’s $51m compensation

  A London-based law firm, Leigh Day, representing about 15,000 fishermen who dragged Royal Dutch Shell to a British court, has stated that the fishermen from Bodo community in Gokana Local Government of Rivers State have rejected an...

  • Posted June 25, 2014
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