All posts by Ifreke Inyang

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  Conference rejects call to patronise illegal refineries

  As part of its deliberations on the report of the Committee on Science and Technology, delegates to the National Conference yesterday rejected a proposal urging government to understudy and further develop the technology being used by illegal...

  • Posted June 11, 2014
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  Shell, Schlumberger, others invest $1bn in Snake Island Integrated Free Zone

  Shell Nigeria Exploration and Production Company (SNEPCO), Schlumberger, Globestar, Atlantic Aviation and 19 other enterprises operating within the Snake Island Integrated Free Zone (SIIFZ) in Lagos have made a total investment of about $1billion in the zone....

  • Posted June 11, 2014
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  FG seeks new buyers for NITEL

  The Federal Government is seeking buyers for the assets of distressed former telecoms monopoly, the Nigerian Telecommunications Limited, the state-appointed liquidator said on Monday. The government opted to wind up NITEL in March after almost a decade...

  • Posted June 11, 2014
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  FG to complete airport repairs in 24 months

  The Federal Government on Monday said the remodelling of the four major international airports in the country would be completed in 24 months. The Supervising Minister of Aviation, Dr. Samuel Ortom, stated this while inspecting the Nnamdi...

  • Posted June 11, 2014
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  Waivers: RMAFC meets FIRS, Customs, CBN, NNPC

  Worried by the high rate of revenue loss through indiscriminate waivers and tax holidays, the Revenue Mobilisation, Allocation and Fiscal Commission has met with top officials of the Nigerian Customs Service and Federal Inland Revenue Service on...

  • Posted June 11, 2014
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  Consumers to pay more for alternative power

  The embedded power generation model being explored by the distribution companies to boost grid electricity supply in the country will make supply more reliable, but with added cost to consumers, stakeholders have said. The model, which is...

  • Posted June 11, 2014
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  Senate Committee warns against misuse of $500m Chinese loan

  The Senate Committee on Aviation yesterday warned against attempts to misappropriate the $500 million loan obtained by the federal government for the completion of ongoing projects in the nation’s airports and vowed to resist any corrupt act...

  • Posted June 11, 2014
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  Access Bank assures SMEs of increased support

  Access Bank Plc has blamed the poor organisational structure of small and medium scale enterprises (SMEs) in the country as one of the factors obstructing lending to the sector. However, the bank restated its resolve to continue...

  • Posted June 10, 2014
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  Nigerian equities close higher despite sell pressure

  Investors in the Nigerian equities again smiled home last week as the market sustained its positive run despite the huge sell pressure fuelled  by profit-taking. Activities were mixed during the week despite bargain hunters drive to take...

  • Posted June 10, 2014
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  FG to raise N70bn bond

  The Federal Government is planning to raise N70bn in three and 10-year bonds in an auction on June 11, the Debt Management Office has said. The debt office said it would issue N35bn each in the papers,...

  • Posted June 10, 2014
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