All posts by Ifreke Inyang

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  Banks ready for nationwide cashless policy rollout – Mbagwu

  The Executive Director, Lagos and South-west Directorate, Fidelity Bank Plc, Mr. IK Mbagwu spoke about mobile money and how it will significantly support the cashless policy. He spoke to Obinna Chima In less than one month, the...

  • Posted June 12, 2014
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  PenCom to channel more pension funds to corporate bonds

  The National Pension Commission (PenCom) said it plan to amend investment rules to channel more of Nigeria’s $26 billion (N4.3 trillion) pension funds into corporate bonds. The Director General of PenCom, Chinelo Anohu-Amazu disclosed this in an...

  • Posted June 12, 2014
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  World Bank urges Nigeria, others to increase reforms

  Developing countries are headed for a year of disappointing growth as the first quarter weakness in 2014 has delayed an expected pickup in economic activity, according to the World Bank’s Global Economic Prospects report, released on Tuesday....

  • Posted June 12, 2014
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  Experts condemn unhealthy rivalry among cement manufacturers

  Experts in the construction industry have expressed concern over what they described as “unhealthy rivalry” among cement manufacturers in the country, saying this has resulted in the high cost of the product. While calling on the government...

  • Posted June 12, 2014
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  LCCI introduces measures to make Lagos fair successful

  The organisers of the annual Lagos International Trade Fair, the Lagos Chamber of Commerce and Industry, have given assurances that the 2014 edition of the fair will be hitch-free, because of some of the measures that have...

  • Posted June 12, 2014
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  FG, labour disagree over electricity tariff increase

  Officials of the Federal Government and the organised labour on Tuesday in Abuja engaged in a heated argument over the recent increase in electricity tariff. The Federal Government had last month announced a review in the tariff...

  • Posted June 12, 2014
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  Bresson Energy, Aggreko sign 250mw pact

  Pioneer Independent Power Producer, Bresson AS Nigeria Limited, has signed a 250mw power generation agreement with Emergency Power Conglomerate (Aggreko) to bolster power supply in the country. The agreement expected to span nine months is integral to...

  • Posted June 12, 2014
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  NSE index rises 0.19% as GTBank leads gainers

  Trading at the Nigerian equities market was positive yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.19 per cent to close at 41,608.50. Similarly, market capitalisation added N27 billion to close higher at N13.712...

  • Posted June 11, 2014
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  FG committed to 25-year railway strategic plan – Jonathan

  The federal government yesterday reinstated its commitment to the 25-year strategic plan for the railway transport subsector as a key component of the administration’s transformation agenda. It noted that the strategic railway plan, which includes the rehabilitation...

  • Posted June 11, 2014
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  Nigeria, Pakistan target N160bn trade in five years

  The Federal Government on Tuesday sealed a bilateral agreement with the Islamic Republic of Pakistan to improve the level of trade from the current $70m (N11.2bn) to $1bn (N160bn) within the next five years. The agreement was...

  • Posted June 11, 2014
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