All posts by Ifreke Inyang

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  Swift Oil acquires Chorus Energy

  A major downstream player in Nigeria’s oil and gas industry, Swift Oil Limited, has made inroads into the upstream sector through the acquisition of Chorus Energy Limited, a marginal field player. Swift Oil Limited was registered with...

  • Posted June 18, 2014
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  UBA launches new banking platform for companies

  The United Bank for Africa (UBA) Plc at the weekend said it has launched the ‘U-Direct Corporate,’ a web-based banking platform for cash management. It explained that the transaction services platform was designed to help small and...

  • Posted June 17, 2014
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  Fuel scarcity looms as independent narketers in NUPENG threaten strike

  Members of the independent marketers’ branch of the Nigerian Union of Petroleum Natural Gas Workers (NUPENG) rose from their national executive council meeting in Ibadan, the Oyo State capital, at the weekend with a declaration that strike...

  • Posted June 17, 2014
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  World Bank, ADB laud Nigeria’s power sector privatisation

  The World Bank on Sunday lauded the Federal Government’s successful completion of the power sector privatisation, urging other African countries to borrow a leaf from the exercise. The African Development Bank also commended the President Goodluck Jonathan’s...

  • Posted June 17, 2014
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  Three Nigerian banks win error-free processing award

  Ecobank Nigeria, Fidelity Bank Plc and Stanbic IBTC were at the weekend presented with the Deutsche Bank US Dollar Straight Through Processing (STP) excellence award for 2013. The STP or Error-free processing award is given by Deutsche...

  • Posted June 17, 2014
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  Total rewards shareholders with N3.1bn dividend

  Shareholders of Total Nigeria Plc will soon start to receive the N9 per share final dividend declared by the company for the financial year ended December 31, 2013. Total ended the year with a turnover of N238.16...

  • Posted June 17, 2014
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  Airport automation boosts revenue by 17% – FAAN

  The Federal Airports Authority of Nigeria has said the introduction of a new automation system at its revenue points has boosted its revenue by 17 per cent. According to a statement by the agency, it has also...

  • Posted June 17, 2014
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  NPA denies N713bn fraud allegation

  The Nigerian Ports Authority has denied an allegation that it failed to remit N713bn into the Federation Account since 2009. A statement by the Assistant General Manager Public Affairs, NPA, Mr. Musa Iliya, dismissed the allegation by...

  • Posted June 17, 2014
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  Benin Disco gets US agency funding

  The United States Trade and Development Agency has extended finances to the Benin Electricity Distribution Plc, making the power firm the first distribution company to benefit from a grant funding. The Minister of Power, Prof. Chinedu Nebo,...

  • Posted June 17, 2014
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  Unclaimed dividends have been significantly reduced – Olugbemi

  The efforts of regulators and registrars have led to a reduction in unclaimed dividends to 5.05 per cent of total dividends declared in the last 10 years, the Institute of Capital Market Registrars, has said. According to...

  • Posted June 17, 2014
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