All posts by Ifreke Inyang

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  India replaces US as largest importer of Nigeria’s crude

  The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that India had displaced Nigeria’s longest and largest crude oil importer, the United States of America (USA) from its status as the top importer of Nigeria’s crude. The NNPC...

  • Posted June 21, 2014
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  NSE to review composition of market indices

  The Nigerian Stock Exchange (NSE) 30 Index, NSE 50 Index and the other five sectoral indices will be reviewed at the end of this month, the exchange said yesterday. The five sectoral indices are: NSE Banking, NSE...

  • Posted June 21, 2014
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  FG releases N200bn for Q2 capital projects

  The Federal Government on Thursday released the sum of N200bn to its Ministries, Departments and Agencies for the implementation of the second quarter capital projects contained in the 2014 budget. The development was confirmed by the Minister...

  • Posted June 21, 2014
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  Contractors give ExxonMobil 14 days to address alleged discriminatory contract awards

  Indigenous contractors working for ExxonMobil Unlimited in Eket, Akwa Ibom, on Thursday gave the company 14 days to address lingering issue of discrimination against them in the award of contracts. The News Agency of Nigeria (NAN) reported...

  • Posted June 21, 2014
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  BA to acquire 72 aircraft to boost flight operations in Nigeria, others

  British Airways (BA), yesterday said it would soon I acquire 72 new aircraft, to boost its flight operations in Africa, particularly in Nigeria. BA Country Commercial Manager for West Africa, Kola Olayinka, told journalists at a news...

  • Posted June 21, 2014
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  NERC to assess power firms’ performance June ending

  The National Electricity Regulatory Commission will commence its planned assessment of the power distribution, generation and transmission companies by the end of this month. The planned assessment is, however, causing panic in the sector, especially for power...

  • Posted June 21, 2014
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  Skye Bank supports SMEs, alternative securities market

  The Group Managing Director and Chief Executive Officer designate of Skye Bank Plc, Mr. Timothy Oguntayo, has expressed support for the development of the Nigerian Stock Exchange’s Alternative Securities Market, a specialised board of the Exchange for...

  • Posted June 21, 2014
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  Wapic, Oasis Insurance release full-year results

  WAPIC Insurance Company Plc and Oasis Insurance Company Plc have released their audited financial accounts for the 2013 financial year. Wapic Insurance’s consolidated financial statements for the year ended December 31, 2013, showed that the company grew...

  • Posted June 21, 2014
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  Alison-Madueke appeals to labour unions over PIB

  The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has urged trade unions and other critics of the Petroleum Industry Bill to prepare for the changes that will be brought about when it is eventually passed. The minister,...

  • Posted June 21, 2014
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  Minister calls on private sector to invest in infrastructure in aviation industry

  The Supervising Minister of Aviation, Dr. Samuel Ortom, yesterday called on the private sector to invest in infrastructure development projects in the aviation sector to grow the nation’s  economy. Ortom, who made the call in an interview...

  • Posted June 21, 2014
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