All posts by Ifreke Inyang

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  Inflation rate: Odds favour upward movement in Q3

  Expectedly, the latest inflation rate, put at 8 per cent as against 7.9 per cent in April, has continued to elicit excitement in the camp of the handlers of the nation’s economy although emergent economic scenarios have...

  • Posted June 23, 2014
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  Spike in Oil prices raises prospect of foreign reserve accretion again

  As the reports of the fierce battle in Iraq sent shivers down the spines of other members of international community with the attendant increase in the prices of crude oil at the international market, analysts said Nigeria...

  • Posted June 23, 2014
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  FG advised to look beyond GDP rebasing

  The federal government has been advised to look beyond the recent rebasing of the country’s gross domestic product (GDP) and focus on policies that will bring about inclusive growth. A member of the Central Bank of Nigeria...

  • Posted June 22, 2014
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  Minister welcomes made-in-Nigeria goods

  The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, has lauded locally made products which he said would boost economic development. Adesina stated this while sampling a range of Sympli products that included local delicacies such...

  • Posted June 22, 2014
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  AshakaCem records drop in profit

  Ashaka CementPlc, an indigenous cement manufacturing company, has announced a drop of N301m in profit after tax for its 2013 financial year. The firm, in its 2013 annual report made available to our correspondent after its 39th...

  • Posted June 22, 2014
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  Fitch affirms Stanbic IBTC’s ‘AAA(nga)’ rating

  Fitch Ratings has affirmed Stanbic IBTC Holding Company Plc’s national long-term rating at ‘AAA(nga)’ and national short-term rating at ‘F1+(nga)’. The affirmation, according to a statement, followed the global rating agency’s rating action on South African banks...

  • Posted June 22, 2014
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  Nigeria is important market – Renault

  French auto maker has set up shop in Nigeria, through a new dealership with Dana Cars and Services Limited. At the launch of the auto maker’s special project known as Renault-Drive-the-Change in Nigeria, recently, the Vice President,...

  • Posted June 22, 2014
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  Non-performing coal licences to be revoked – FG

  The federal government yesterday sternly warned that it would revoke non-performing coal licences. The National Council on Privatisation held a meeting with Vice President Namadi Sambo at the Presidential Villa, where the warning was issued to those...

  • Posted June 22, 2014
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  World Bank approves $495m to boost food, job creation

  The World Bank’s Board of Executive Directors yesterday approved a $495.3 million-credit to improve farmers’ access to irrigation and drainage services in the country. The intervention under the International Development Association (IDA) would also help to strengthen...

  • Posted June 22, 2014
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  Financial literacy will boost market participation – Experts

  The level of financial literacy among Nigerians plays a very important plays a major part in determining the number of retail investors that participate in the capital market. The President, David Graduate School, Mr. Tunde Adeyemi, said...

  • Posted June 22, 2014
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